Bengaluru April 25 (IANS) Global software major Wipro on Wednesday projected lower sequential revenue for the first quarter of 2018-19 from its flagship IT services business in dollar terms.
"We expect revenue from our IT services to be in the range of $2 015-2 065 million for the first quarter ending June 30 " said the city-based IT firm in a regulatory filing on the BSE.
The outlook is less than $2 033-2 073 million range it projected for the fourth quarter of fiscal 2017-18 on January 19 and $2 062 million it reported.
The company however said it would revise the outlook for the quarter after divesting its hosted data centre services business to the US-based Ensono for $405 million (Rs 2 633 crore) during the quarter.
"As we expect to complete the transaction by June 30 we have not considered the impact of the divestment on the revenue for the quarter " said the company in the filing.
Wipro on March 14 announced selling its eight data centres along with their 900 techies to the US-based hybrid IT services provider.
As part of the deal Wipro will also invest $55 million (Rs 358 crore) in Ensono s combined entity.
"The outlook is also based on the exchange rate of US$ at Rs 65.12 on March 31 " added the filing.
--IANS
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