Thursday, October 23, 2008

Wipro Ltd (Q2 FY09) – India Infoline (Target 288)

by Bharat Mudgal 0 comments



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Wipro Technologies.

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ä Wipro’s Revenue growth was ahead of expectations led by material pricing
improvements
ä Retail, BFSI continues to grow strongly; broad-based growth across services
ä OPM decline was more than expected at 80bps qoq; higher other income
pushes net profit growth
ä Muted guidance for Q3 FY09; employee additions remain discouraging
ä Rate Wipro as Market Performer; expect relative underperformance in nearterm
Result table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bharat Mudgal
Analyst, stockMode Networks
India
bharatmudgal@stockMode.com

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