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Wipro projects flat IT growth in second quarter

Source : IANS
Last Updated: Tue, Jul 24, 2012 04:20 hrs

Bangalore, July 24 (IANS) Wipro Ltd Tuesday projected $1.54 billion revenue from its global IT services for the second quarter (July-September) of this fiscal (2012-13), indicating a flat sequential growth from first quarter (April-June).

In a regulatory filing, the IT bellwether said revenue from its flagship IT services business would be in the range of $1,520-1,550 million, which will be marginally higher (1.3 percent) from $1,496 million ($1.5 billion) posted in Q1 of this fiscal (FY 2013) under the International Financial Reporting Standards (IFRS).

Unlike its peer Infosys Ltd, Wipro does not give annual revenue guidance.

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