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Wipro: Turnaround On Track But Sustainability Remains In Question

Jul. 19, 2021 12:31 PM ETWipro Limited (WIT) Stock2 Comments

Summary

  • Wipro delivers another strong quarter across the top and bottom line.
  • However, recent trends could prove unsustainable amid normalizing growth and margins.
  • At current valuations, shares have likely priced in a structural recovery, keeping me on hold.

Wipro offices in Silicon Valley
Sundry Photography/iStock Editorial via Getty Images

Wipro (NYSE:WIT), a leading Bangalore-based IT consulting and system integration services company, posted yet another strong earnings result, impressively beating on the top-line for the fourth consecutive quarter. Importantly, the solid report validates the case

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Analyst with a keen interest in the global markets, always sifting through company filings in search of compelling opportunities. Approach is heavily centered on the notion that one needs to be non-consensus right in making investment decisions. A keen follower of value investing legends such as Peter Cundill, Seth Klarman, and more recently, Rupal Bhansali.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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