So far this year, Wipros share value continues to be down by 8%. However, it has managed to come back from its coronavirus hit by almost 40% since March 19.Advertisement
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The product and platforms side of the business may show resilience, expects Nirmal Bang. However, the key segments to keep an eye on will be the impact on engineering research and development (ER&D) and energy, given Wipros large exposure to both.
Like with TCS, there is likely to be a hard impact of Brexit compounding the weakness in Europe on manufacturing. Advertisement
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We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply-side factors, Wipro said last quarter.
SEE ALSO:Tech Mahindra, Intel, Wipro and other multinationals hiring engineers
TCS and Infosys to face least impact Indian IT companies likely to report sharp decline in revenue during first quarter
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