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Stock impact report

India's Wipro sees strong demand for services from financial clients [Reuters (UK)]

Wipro Limited (WIT) 
Last wipro limited earnings: 4/16 04:00 pm Check Earnings Report
US:NYSE Investor Relations: wipro.com/investors
Company Research Source: Reuters
India's Wipro sees strong demand for services from financial clients | Reuters 4 Min Read MUMBAI/BENGALURU (Reuters) - Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector. India’s No.3 IT firm said on Friday that BFSI, its biggest segment, now accounted for 30 percent of its revenues, up from 25.7 percent a year ago, as it reported a 2 percent rise in net profit for the three months through June, beating analysts’ forecasts. Bengaluru-based Wipro said it expected revenue form its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion. That would mean growth of 0.3 percent to 2.3 percent from its current revenue of $2.03 billion, after adjusting for the loss of roughly $23 million in revenue due to the sale of its hosted data services business in the June quar Show less Read more
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