Wipro projects flat revenue for third quarter

Bengaluru, Oct 21 (IANS) Software major Wipro Ltd on Friday projected flat sequential revenue growth from its global IT services for the third quarter (October-December) of fiscal 2016-17, as demand environment remains challenging.

“We expect revenue from our IT services business to be in the range of $1,916-1,955 million ($1.92-1.96 billion) for the quarter (Q3) ending December 31,” said the IT firm in a regulatory filing with the stock exchanges.

The third quarterly guidance of $1.9 billion is same as $1,916 million ($1.9 billion) the services business posted for the second quarter (July-September), which was also sequentially flat from the first quarter (April-June) of this fiscal.