Software major Wipro Ltd on Friday projected flat sequential revenue growth from its global IT services for the third quarter (October-December) of fiscal 2016-17, as demand environment remains challenging.
"We expect revenue from our IT services business to be in the range of $1,916-1,955 million ($1.92-1.96 billion) for the quarter (Q3) ending December 31," said the IT firm in a regulatory filing with the stock exchanges.
The third quarterly guidance of $1.9 billion is same as $1,916 million ($1.9 billion) the services business posted for the second quarter (July-September), which was also sequentially flat from the first quarter (April-June) of this fiscal.
--IANS
fb/pgh/vt
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app