Wipro Limited has issued its revenue guidance for the third quarter (Q3) of fiscal year 2025, with a cautious outlook on IT services revenue growth. The company expects its IT services revenue to be in the range of $2,607 million to $2,660 million, reflecting a potential decline of -2% to 0% quarter-on-quarter.
This guidance falls short of market expectations, which had anticipated growth in the range of -0.5% to +1.5%, highlighting the challenges Wipro is facing amid a global slowdown in IT spending.
Key Points:
- IT services revenue expected to be between $2,607 million and $2,660 million for Q3 FY25.
- Projected growth in the range of -2% to 0%.
- Market expectations had forecasted a -0.5% to +1.5% range for Q3.
Wipro’s cautious outlook comes as the global IT services industry grapples with macroeconomic headwinds, and the company is positioning itself for steady performance amidst these challenges.
