Today, Wipro is set to release its second quarter (Q2FY23) earnings.

IT company Wipro has posted revenue growth of 15-17 per cent yearly to around Rs 22,612 crore on the back of large deal wins during the quarter, such as the acquisitions of consulting firms Rising and Convergence.

On the other hand, Profit is expected to decline by as much as 6.5 per cent from last year. But, it will increase in the range of 7-13 per cent to Rs 2,825 crore, media reported.

PhilipCapital’s constant currency (CC) revenues are expected to grow 4 per cent, in line with its guided range of 3-5 per cent on large deal ramp-ups. Margins are increasing modestly by 20 bpson quarterly basis. Wipro may guide for 1-3 per cent on quarter-to-quarter CC growth at the end of this year.

Kotak Institutional Equities forecast CC revenue growth of 4 per cent to be led by a 130 bps contribution from the Rising acquisition. Assuming that a 30 bps increase in EBIT is led by aggressive compensation control and an increase in utilisation rates.

IDBI Capital is estimated to report a growth of 5 per cent in CC terms quarterly. However, a cross-currency impact of 110 bps will lead to a 4 per cent quarter to quarter growth (including inorganic growth of 1 per cent). Wipro may guide for a 0-2 per cent growth rate for the third quarter of FY23.