Wipro ups guidance for IT revenue in Q2

Wipro Ltd projected an higher average revenue guidance of $1.3 billion from its global IT services business for the second quarter (July-Sep) of this fiscal (2010-11).

Wipro Ltd projected an higher average revenue guidance of $1.3 billion from its global IT services business for the second quarter (July-Sep) of this fiscal (2010-11).

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In a regulatory filing on Friday, the IT bellwether said it expected revenue from IT services business in the second quarter (Q2) to be in the range of $1,253-1,277 million ($1.25-1.27 billion), projecting a sequential growth of 4.1-6 percent over the first quarter (April-June), when it posted $1,204 million ($1.2 billion).

The company met its revenue guidance of $1.2 billion for the first quarter (Q1) of this fiscal (FY 2011) as projected in April from IT services.