Wipro Beats Revenue Expectations In Q4, Anticipates Steady Growth Driven By Tech Demand

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: Apr 19 2024

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DGIN-0.1%

EDOG+1.76%

WIT-1.57%

Should l Buy DGIN?

Source: Benzinga

Wipro Ltd Fourth Quarter Results:
- Reported flat gross revenue of INR222.1 billion ($2.67 billion), beating consensus.
- EPS of 7 cents in line with consensus.
- IT Services revenue declined by 6.4% Y/Y to $2.66 billion.
- Net income was INR28.3 billion ($341 million), down from the previous year.
- Board confirmed interim dividend of INR1 and provided Q1 outlook.

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Analyst Views on DGIN

Wall Street analysts forecast DGIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DGIN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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