What is your quick take on the Wipro results announced on 15 April for the Mar-21 quarter?

On 15 April, in a post trading release, Wipro reported 27.8% growth in net profit at Rs.2,972 crore for the Mar-21 quarter on a yoy basis. This growth came on the back of better operating margins and a greater focus on premium clients in the quarter. However, sequential profits were almost flat, as was the case with Infosys and TCS too.

Revenues were up just 3.4% at Rs.16,245 crore, and this growth was essentially triggered by growth in the European markets even as US and APMEA remained static. The numbers were in line with street expectations even as the OPM expanded by 340 bps to 21%. Wipro has guided revenue growth of 2-4%, not counting the Capco and Ampion acquisitions.