IT giant Wipro has maintained its sales forecast for the first quarter of 2024, which ends on June 30, at (-) 1.5 percent to 0.5 percent (Q1FY25).
The Bengaluru-based company revised its fourth-quarter sales growth projection in January, bringing it in line with both the lower and top ends of the range of -1.5 percent to 0.5 percent. This came after the business cut its October guidance from 3.5 percent to -1.5 percent.
“At the moment, it is a tough macroeconomic environment where our clients are also going through a very challenging time, we’re staying close to them, we need to be partnering with them at this point,” stated Aparna Iyer, the chief financial officer at Wipro.
Under the leadership of its new chief executive officer, Srinivas Pallia, Wipro is reporting for the first time. Thierry Delaporte, who was the CEO at the time, abruptly left his position on April 6, making Pallia the new leader.
Post rumors that promoters were dissatisfied with Delaporte’s performance and that he might not be given a one-year extension, he announced his resignation one year ahead of schedule.
