Seeking Alpha

Wipro issues strong Sep. quarter guidance; shares +1.9%

  • 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 (WIT) FQ1 results. They rallied earlier in the month in response to Infosys' FQ1 beat and solid FY14 guidance.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|