Brokerages See Wipro Q2 Revenue Dip, Margins Recovering

Wipro is expected to report its results for the July-to-September quarter on October 15.

Analysts think its IT services revenue, measured in constant currency, may be slightly lower than in the previous quarter.

They still expect total revenue to be higher than a year earlier.

Profit forecasts vary, but analysts expect it to be close to the previous quarter's level.

They also expect Wipro's operating margins to improve.

Lower wage costs, currency movements and efficiency efforts may help, while investments and new deal work could limit the improvement.

One analyst expects the company to forecast a small decline to no change in IT services revenue for the next quarter.

Analysts expect financial services to improve, while energy, manufacturing and resources, and healthcare may remain weak.