Wipro Limited (NYSE:WIT) is reporting first quarter financial results on Tuesday 14th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, WIT is expected to report 1Q21 income of $ 0.05 per share from revenue of $ 1863.29 million.
For the full year, analysts anticipate top line of $ 8028.38 million, while looking forward to income of $ 0.21 per share bottom line.
Previous Quarter Performance
Wipro Limited unfold income for the fourth quarter of $ 0.05 per share, from the revenue of $ 2,084.00 million. The quarterly earnings declined 16.67 percent while revenues lowered 3.96 percent compared with the same quarter last year.
According to street consensus, WIT was expected to report 4Q20 income of $ 0.06 per share from revenue of $ 2146.78 million. The bottom line results missed street analysts by $ 0.01 or 16.67 percent, at the same time, top line results fell short of analysts by $ 62.78 million or 2.92 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WIT was $ 3.39, representing a 34.52 % increase from the 52 week low of $ 2.52 and a 20.98 % decrease over the 52 week high of $ 4.29.
The company has a market capital of $ 17.01 billion and is part of the Technology sector and Information Technology Services industry.
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Conference Call
Wipro Limited will be hosting a conference call at 9:15 AM eastern time on 14th July 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wipro.com/investors/events/q1-fy21-earnings-release/
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. It operates in three segments: IT Services, IT Products, and India State Run Enterprise (ISRE). The companys IT services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises.
