Wipro projects flat IT growth revenue

BANGALORE, INDIA: Wipro Ltd. projected $1.5 billion revenue from its global IT services business for the third quarter (October-December) of this fiscal (2011-12), which will be flat sequentially from the second quarter (July-September).

In a regulatory filing Monday, the IT bellwether said revenue from IT services business would be in the range of $1,500-1,530 million in the quarter (Q3) ending Dec 31, as against $1,472 million ($1.5 billion) in the second quarter (Q2).