After robust quarterly earnings reported by Infosys and not-so-disappointing numbers by Tata Consultancy Services (TCS), investors keenly await the second quarter revenue and profit numbers of Wipro, India's third largest IT company.
Wipro is projected to announce a 2% growth in its dollar revenue to $1,830 million in the July-September compared to $1,794.1 million in the previous quarter, according to a CNBC-TV18 poll.
Wipro is scheduled to announce its quarterly earnings on 21 October.
Its revenue in rupee terms is expected to grow by 3.7% to Rs 12,003 crore during the September quarter.
Wipro's operating profit is estimated to come at Rs 2,472 crore, up 1.8% sequentially.
Analysts expect the company to have faced a cross currency impact of 70-80 basis points in the quarter. They also expect headwinds in the energy vertical, which accounts for 15% of the overall revenues, to have eased in the second quarter.
Besides, analysts expect a rebound in revenue growth from the company's top clients and healthcare business, which declined in the last quarter.
The company is also expected to announce a dollar revenue guidance of 2-4% or 1.5-3.5% for the third quarter.
The impact from salary hike for employees announced by Wipro in June is likely to be offset by a depreciation in the rupee.
Wipro had raised salaries by about 7% for offshore employees effective from 1 June. The hike was about 2% for onsite employees.
Last week, Infosys announced a 9.8% growth in its profit for the September quarter, while its rival TCS recorded 6.1% growth.
However, Infosys lowered its annual sales growth forecast to 6.4-8.4% in dollar terms from a previous estimate of 7-9% despite posting a forecast-beating net profit in Q2.