<b>Wipro Q1</b>: Q2 IT biz topline seen at $577mn

Wipro today issued a guidance for the second quarter ending September 30, 2006, and said revenue from the global IT services business to be approximately $577 million.

Azim Premji, chairman of Wipro, said: "The results for the quarter were quite
satisfying. We enhanced our strategic investments to sustain long-term growth even as we continued solid execution leading to improvements in operating performance. Our Global IT services business continued to witness broad based growth, across verticals, geographies and service lines. The external environment remains buoyant - we see offshoring at the center-stage of IT strategy of global corporations.

"In these exciting times, we are well-positioned to benefit from our diversified service portfolio and deep industry expertise.

"Looking ahead, for the quarter ending September 2006, we expect revenue from our global IT services business to be approximately $577 million."

Suresh Senapaty, chief financial officer, said: "During the quarter ended June 2006, our global IT services revenue at $539.3 million was ahead of our guidance of $533 million. Revenue of global IT services segment included $3.2 million from Enabler, our acquisition announced and consummated during the quarter."