Wipro Q2 earnings today: Five things to watch out for

BENGALURU: The market is eagerly awaiting second quarter earnings from IT major Wipro Ltd, especially as larger peer Tata Consultancy Services (TCS) has reported a reasonably strong set of results for the quarter ended September, beating analyst estimates on revenue growth.

Besides the performance, investors will watch out for changes in strategies as the July-September period was the first full quarter under chief executive officer (CEO) Thierry Delaporte who took over the Bengaluru-based IT major in July.

In the June quarter, Wipro had posted sequential growth of 2.8% in net profit to ₹2,390 crore while the closely-watched IT services revenue in dollar terms had declined 7.3% q-o-q and 5.7% y-o-y to $1.92 billion.