Wipro ups outlook for Q1 on strong growth

Bengaluru, April 20 (IANS) Software major Wipro Ltd. on Wednesday projected higher revenue from its global IT services business for the first quarter (April-June) of the new fiscal (2016-17) on strong growth in the fourth quarter (January-March) of fiscal 2015-16.

“We expect revenue from our IT services to be in the range of $1,901-1,939 million ($1,920 average) for the first quarter (Q1) ending June 30,” the company said in a statement here.

IT services revenue for fourth quarter (Q4) under reference grew 6 percent yearly and 2.4 percent sequentially to $1,882 million in dollar terms in line with its outlook of $1,875-1,912 million given in January and restated guidance range of $1,869-1,906 based on actual currency.

“Our focus is to drive growth in our run business through integrated services and hyper-automation while gaining leadership in the change business through investments in digital and consulting capabilities, IP-based platforms and products,” Wipro chief executive Abidali Z. Neemuchwala said in the statement.



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