Wipro guides Q3 revenue growth from -1.5% to 0.5%
In short
Wipro said its September-quarter constant-currency revenue growth was 0%. It also guided Q3 revenue growth to be between -1.5% and 0.5%.
This matters for Wipro, its clients, and IT investors watching demand. The report does not say what will drive the next quarter or whether the company will beat or miss guidance.
What the reporting says
Wipro said revenue growth for the September quarter was 0% on a constant-currency basis, according to the publisher-supplied summary. The company also guided Q3 revenue growth to between -1.5% and 0.5%, while a CNBC-TV18 poll had expected -0.75% for the reported quarter. The immediate unknown is whether the guidance will be met.
Why it matters
Wipro’s reported 0% constant-currency revenue growth for the September quarter and its Q3 guidance of -1.5% to 0.5% point to a soft near-term outlook for the IT services firm. The figures matter for shareholders and sector peers tracking demand trends. The source does not state the cause of the slowdown or whether the guidance is likely to be met.