Wipro projects flat IT revenue for first quarter

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).