Wipro ups IT services revenue guidance to 8-10 per cent in June quarter

Wipro on Friday revised upwards its IT services revenue outlook to 8-10 per cent sequential growth in the June 2021 quarter, following the completion of its USD 1.45 billion buyout of Capco.

While announcing its March quarter results earlier this month, Wipro had said it expects to log a sequential growth of 2-4 per cent in its IT services revenues in the June 2021 quarter without including revenue from Capco and Ampion acquisitions.

In March, Wipro had announced the acquisition of London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal – its largest ever till date.

In a regulatory filing on Friday, Wipro said the acquisition of Capco was completed on April 29, 2021.