Wipro sees flat IT revenue growth in first quarter of FY14

Wipro Ltd has projected $1.6 billion revenue from its global IT services in the first quarter (April-June) of 2013-14, which is same as posted in the fourth quarter of last financial year (2012-13), reflecting the global economic challenges faced by the Indian IT industry.

In a regulatory filing on Friday, the global software major said IT services revenue for this quarter (Q1) would be in the range of $1,575 million to $1,610 million ($1.59 billion average) under the International Financial Reporting Standard (IFRS).

As in the case of its peers Tata Consultancy Services (TCS) and Infosys from this financial year, Wipro does not give revenue guidance for IT services on annual basis.