Wipro projects higher IT revenue for Q2

Software major Wipro Ltd has projected higher revenue from its global IT services business for second quarter of 2015-16 in dollar terms.

In a regulatory filing to the Bombay Stock Exchange (BSE) on Thursday, the company said revenue from its IT services would be $1,821-1,857 million or an average of $1,839 million) in Q2, which is higher than $1,794 million it posted in Q1.

Though the company gave a flat revenue guidance of $1,765-1,793 million or an average of $1,779 million for first quarter, it has managed to cross the upper band to post $1,794 million despite volatility in cross currencies and fluctuation in foreign exchange market.

 

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