- The Indian IT outsourcing firm expects its FQ2 (Sep. quarter) IT services revenue to rise 2%-3.9% Q/Q to $1.62B-$1.65B; analysts had been expecting a 1%-3% increase.
- UBS (Buy): "This is the strongest guidance from the company in recent history."
- Shares were nearly unchanged on Friday following Wipro's (NYSE:WIT) FQ1 results. They rallied earlier in the month in response to Infosys' FQ1 beat and solid FY14 guidance.