Agencies has raised its forecast to grow its revenue by 8-10% to $2.32 billion to $2.37 billion in the quarter factoring revenue from Capco, the British IT consulting firm that it
acquired for $1.45 billion in March.
The Bengaluru-based IT services firm said it has completed the acquisition of Capco on April 29.
"This (revised forecast) translates to a sequential growth of 8.0% to 10.0%. This does not include revenue from our recently announced acquisition of Ampion," Wipro said in its regulatory filing on Friday. The raised forecast lifted the Wipro stock by nearly 4% on the Bombay Stock Exchange.
Wipro had forecast earlier that it expects revenue to grow 2-4% in the range of $2.19 billion to $2.23 billion, as global clients signed up the company to transform their technology and shift to digital.
In the quarter to March, Wipro had marked its best quarterly performance in nearly a decade, with profit jumping 27% in the three-month period ending March 31 and revenue up 3.4%, as the Bengaluru-based IT major witnessed increased deal wins.
Indian IT firms are expected to grow at double digits this fiscal on rising demand from global clients.
The Bengaluru-based IT services firm said it has completed the acquisition of Capco on April 29.
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"This (revised forecast) translates to a sequential growth of 8.0% to 10.0%. This does not include revenue from our recently announced acquisition of Ampion," Wipro said in its regulatory filing on Friday. The raised forecast lifted the Wipro stock by nearly 4% on the Bombay Stock Exchange.
Wipro had forecast earlier that it expects revenue to grow 2-4% in the range of $2.19 billion to $2.23 billion, as global clients signed up the company to transform their technology and shift to digital.
In the quarter to March, Wipro had marked its best quarterly performance in nearly a decade, with profit jumping 27% in the three-month period ending March 31 and revenue up 3.4%, as the Bengaluru-based IT major witnessed increased deal wins.
Indian IT firms are expected to grow at double digits this fiscal on rising demand from global clients.