Wipro Ltd is on track to boost its IT services revenue by 34 percent in the April-June quarter as it books strong sales to overseas clients, the chairman of India's third-largest software exporter said on May 26.
In an interview with Reuters, Azim Premji also said the company's operating margins, based on US accounting rules, were holding "steady" against the margin of 24.5 percent recorded in its fourth quarter that ended in March.
"On one side you have salaries going up. On the other side you are always driving productivity, you are driving some improvement in pricing and the rupee is weak," said Premji, in Japan to meet customers and employees.
Bangalore-based Wipro, which makes software for microchips and telecoms equipment, has forecast its IT services revenue will rise 34 percent to $533 million in its fiscal first quarter to the end of June, from $397.3 million in the same period last year.
Comments
Comments are closed.