(By Anthony Miller – Wednesday, 22nd April 2009 8:30am). The third-ranked India-based SI, Wipro, followed similar trends to larger peers Infosys and TCS, with a small sequential decline in Q4 revenues (to 31st March) and an expectation of the same in the current quarter. at Wipro’s IT services revenues (75% of its total business) fell 4% seq. in constant currency to $1,046m though this did just pip guidance. Management expects another 3%-5% decline this quarter. Margins rose 40bps to 20.8%, though still lag TCS (23.7%) and sector leader Infosys (29.4%).
Wednesday 22 April 2009
Wipro in line with peers
(By Anthony Miller – Wednesday, 22nd April 2009 8:30am). The third-ranked India-based SI, Wipro, followed similar trends to larger peers Infosys and TCS, with a small sequential decline in Q4 revenues (to 31st March) and an expectation of the same in the current quarter. at Wipro’s IT services revenues (75% of its total business) fell 4% seq. in constant currency to $1,046m though this did just pip guidance. Management expects another 3%-5% decline this quarter. Margins rose 40bps to 20.8%, though still lag TCS (23.7%) and sector leader Infosys (29.4%).
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