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.

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