Wipro one up on Infosys on forecast

Wipro is slightly more optimistic on its revenue outlook for the April-June 2005 quarter than Infosys, which announced its results on April 19.

Infosys said its consolidated revenue was expected to be between $459 million and $463 million. On its January-March revenue of $455 million, the outlook would give it a sequential growth of between 0.879 per cent and 1.758 per cent.

Wipro, which announced its outlook today, said it expected the April-June quarter revenue of its flaghip business, Wipro Technologies, to be $395 million. On its January-March quarter revenue of $375 million, the forecast would give the company a sequential revenue growth of 5.33 per cent.

Even factoring in Infosys' ultra-conservative guidance practice, Wipro's guidance looks more positive.