0630 GMT - Wipro's 1Q FY 2026 revenue growth guidance is likely weighed by tariff-induced macro uncertainty, Nomura analysts say. The Indian company guided for a sequential decline of -3.5% to -1.5%. Nomura notes that uncertainty is dampening demand in sectors such as consumer and manufacturing, pausing large transformation projects and affecting discretionary spending. A weak start in 1Q FY 2026 would pose a challenge to the technology services and consulting company's full-fiscal-year revenue growth outlook, says Nomura, lowering its FY 2026 revenue forecast to -3.9% from 0.0%. It also trims its target price for the stock to INR280.00 from INR300.00, with an unchanged buy rating. Shares are 5.3% lower at INR234.45. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 02:30 ET (06:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.