Business Standard

Thursday, January 09, 2025 | 06:56 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Wipro suspends Q1FY21 revenue guidance as coronavirus crisis hits business

The company joined some of its peers to flag the uncertainty arising out of the pandemic and refrained from giving any revenue guidance for the first quarter of FY21

Abidali Neemuchwala, CEO of Wipro. Photo: PTI
Premium

Abidali Neemuchwala, CEO of Wipro. Photo: PTI

Debasis Mohapatra Bengaluru
IT services major Wipro on Wednesday posted muted growth in its revenue and profit numbers for the fourth quarter of the last financial year, as the ongoing Covid-19 crisis created disruption in both the operation and demand fronts. Even growth in top line remained weak for the entire FY20.

The company joined some of its peers to flag the uncertainty arising out of the pandemic and refrained from giving any revenue guidance for the first quarter of FY21 — a practice it discontinued for the first time since its listing on the New York Stock Exchange (NYSE). 

However, the Bengaluru-headquartered company remained

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in