Wipro PAT meets expectations: What experts say

Wipro, India's third-largest software exporter, on Tuesday reported a profit after tax (PAT) of Rs 1,932.1 crore for the second quarter of the financial year versus an ET Now Poll estimate of Rs 1,850 crore.

The sales for Q2 were reported at Rs 10,990.7 crore versus an ET Now Poll of Rs 10,933.7 crore.

Here's what experts say

Aniruddha Mehta, Research Analyst, (India Private Clients) IIFL
The net profit and revenues are in line with estimates. The margins have come good and the dollar guidance are also decent. I expect the company to sustain margin expansion momentum in the second half as well.

Ankita Somani, sector analyst, Angel Broking

Revenues are in line with expectations, while PAT and operating margins exceeded expectations.

The company’s Q3 guidance range of 1.7-2.7 per cent is also in line with expectations.