After Infosys delivered an in-line performance and the conservative management upped its full-year guidance, all eyes will be on Wipro, which will declare Q3FY20 results today after market hours.

A CNBC TV18 poll expects dollar revenue growth at 2.3 percent QoQ at $2,096 million, and a constant currency growth of 1.8 -1.9 percent, which is within the company's guided band of 0.8 – 2.8 percent.

The acquisition of US-based International TechneGroup in October 2019 is likely to contribute 30 bps to the topline this quarter.

On a year on year basis, growth will be 2.6 -2.7 percent, which will be much lower than peers. Wipro is expected to report flat margins at 18 percent, aided by marginal depreciation of the rupee against the US dollar and cross-currency tailwind.

Consensus expects Wipro to guide for 0.5-2.5 percent sequential revenue growth for March 2020 quarter since March is a seasonally stronger quarter for the company.

Key things to watch out for

1) Outlook on its largest vertical BFSI (31 percent of FY19 Revenue), slowing down noting high exposure to accounts facing challenges.

2) Comments on stabilisation of healthcare, India and Middle East business.

3) Path of return to industry-level growth.

3) progress on deal wins.

4) outlook on margins in light of weaker than industry growth.

5) Unlike TCS and Infy, Wipro is executing better in retail and its sustenance would be watched.

First Published:Jan 14, 2020 8:32 AM IST