Wipro lags behind peers on key metrics

After reporting a couple of good quarters, Wipro has once again slipped on the revenue and margin fronts in the March period.

A weak guidance given by the company for the June quarter meant that markets will have little to cheer, apart from the buyback of shares that Wipro announced at a price of up to ₹325 — 15.6 per cent more than the stock’s closing price on Tuesday.

Falling behind

During the fourth quarter, Wipro’s revenues grew 1.4 per cent sequentially (QoQ) in dollar terms.

Peers Infosys and Tata Consultancy Services delivered much stronger results.