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Wipro projects flat IT revenue for first quarter

Wipro projects flat IT revenue for first quarter

The IT bellwether says it expected revenue from its IT services business to be in the range of $1,520-1,550 million for quarter ending June 30, as against $1,536 million posted in fourth quarter (January-March) of last fiscal (2011-12).

Wipro Ltd has projected an average revenue of $1.54 billion for the first quarter (April-June) from its global IT services business, indicating a flat sequential growth under the International Financial Reporting Standards (IFRS).



In a regulatory filing on Wednesday, the IT bellwether said it expected revenue from its IT services business to be in the range of $1,520-1,550 million for quarter ending June 30, as against $1,536 million posted in fourth quarter (January-March) of last fiscal (2011-12).

Unlike its competitor Infosys, Wipro does not give revenue guidance for entire fiscal (2012-13).

Published on: Apr 25, 2012, 10:27 AM IST
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