Wipro Q1 Results Live Updates: Constant currency revenue may drop, guidance in focus

Wipro Q1 Results Live Updates: Bengaluru-based IT services provider Wipro Ltd. is set to report its June quarter results later this evening. The company will become the fourth IT stock on the Nifty 50 index after TCS, Tech Mahindra and HCLTech to report results for the June quarter. A CNBC-TV18 poll is anticipating a 0.9% drop in Wipro's US Dollar revenue on a sequential basis, while its revenue in rupee terms is likely to decline by 1.6%. Watch this space for all the live updates.

Wipro Q1 Results Live Updates: Bengaluru-based IT services provider Wipro Ltd. is set to report its June quarter results later this evening. The company will become the fourth IT stock on the Nifty 50 index after TCS, Tech Mahindra and HCLTech to report results for the June quarter. A CNBC-TV18 poll is anticipating a 0.9% drop in Wipro's US Dollar revenue on a sequential basis, while its revenue in rupee terms is likely to decline by 1.6%. While EBIT may decline from the March quarter, while margins may drop of 40 basis points. Revenue in constant currency terms is likely to decline by 2% from March. The constant currency revenue decline is likely to be in the mid-point of the company's -3.5% to -1.5% guidance. Weakness in Europe, progress in the company's turnaround and a timeline on catching up with peers will be some key focus areas this time around. The stock has declined 13% so far in 2025. Watch this space for all the live updates.