Wipro said it expects IT services revenue in the range of USD 1.81-1.84 billion for October-December quarter of the current financial year 2014-15.
Consolidated total income is seen going up by 6 percent to Rs 13,800 crore in July-September quarter compared to Rs 12,984 crore in same quarter last year.
Seasonality will also result in muted revenue growth for the company. According to a CNBC-TV18 poll, total revenues are expected to go up 1.2 percent sequentially to Rs 5,475 crore and profit after tax is likely to be flat at Rs 108 crore in the quarter gone by, compared to Rs 108.4 crore in June quarter.
Gross non-performing assets (NPAs) jumped 37 basis points sequentially as well as yearly basis to 3.59 percent while net NPAs rose 29 basis points Q-o-Q (17 bps Y-o-Y) to 2.25 percent in the quarter gone by.
According to a CNBC-TV18 poll, profit after tax may slip 25 percent on yearly basis to Rs 162 crore in September quarter, but net interest income is likely to increase 4 percent Y-o-Y to Rs 528 crore.