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Wipro forecasts weak Q1, warns of cautious clients
Hindustan Times Jammu
|April 17, 2025
Wipro's revenue rose 1.3% to ₹22,504 cr in Q4, less than what analysts estimated
BENGALURU: Wipro on Wednesday forecast revenue in the first quarter to decline sequentially and flagged an uncertain demand environment, echoing TCS and hinting at pressure across India's $283 billion IT sector.
India's fourth biggest IT services firm expects revenue in the April-June quarter to fall between 1.5%-3.5%, as "clients remain cautious in the face of macroeconomic uncertainty."
The country's IT sector had hoped Donald Trump's presidency would revive business confidence, but trade war uncertainty and shifting tariffs have made companies wary of large deals.
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