Wipro ups IT revenue guidance for Q3

Bangalore, Oct 22 (IANS) Wipro Ltd Tuesday projected higher revenue from its flagship IT services business for third quarter than achieved in second quarter of fiscal 2013-14.

In a regulatory filing to stock exchanges, the IT bellwether said revenue from its IT services for this quarter (Q3) would be in the range of $1,660-1,690 million or an average of $1,675 million ($1.7 billion).

In second quarter, revenue from IT services grew 5.9 percent year-on-year (YoY) and 2.7 percent sequentially to $1.63 billion as projected at the beginning of the quarter.

Unlike its rival Infosys Ltd, Wipro does not give annual revenue guidance as a policy.

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