infotechlead

Wipro expects marginal revenue growth in fourth quarter

Wipro has reported IT services revenue of $2.094.8 billion, a sequential growth of 2.2 percent, for its quarter ended December 31, 2019.
Wipro at MWC 2018
IT Services operating margin for the third quarter was 18.4 percent, an increase of 0.3 percent quarter-on-quarter.

Net income of Wipro for the quarter was $344 million, a decrease of 2.2 percent year-on-year.

Wipro CEO Abidali Z Neemuchwala said: “We have delivered a good quarter with secular growth across all business units, geographies and practices. We remain focused on deepening our customer relationships, converting our funnel and winning large deals.”

Wipro, one of the IT service providers based in India, said that it expects fourth quarterly revenue from IT Services business to be in the range of $2.095 billion to $2.137 billion for the quarter ending March 31, 2020, representing a sequential growth of 0.0 percent to 2.0 percent.

Latest

More like this
Related

Nike to cut jobs in tech division as part of outsourcing strategy

Nike is laying off some employees in its technology...

Hinduja Global looks for new CEO as it steps up AI-led innovation

Hinduja Global Solutions (HGS) has revealed that it’s looking...

Technology outsourcing firm WNS up for sale?

WNS Holdings, a technology outsourcing firm with a market...

UST to create 3,500-6,000 job opportunities in new office in Pune

UST, a leading technology and digital transformation solutions company,...