Wipro lowers IT revenue guidance for first quarter

October 8th, 2009 Ultra Clean Holdings raises guidance for quarterHAYWARD, Calif. — Ultra Clean Holdings Inc.

September 30th, 2009 Silicon Image lowers 3Q revenue outlookSUNNYVALE, Calif. — Silicon Image Inc.

August 28th, 2009 Intel raises 3Q sales outlookSANTA CLARA, Calif. — Intel is raising its third-quarter revenue forecast, citing strong demand for its chips.

August 25th, 2009 International Rectifier issues 1Q sales guidanceEL SEGUNDO, Calif. — International Rectifier Corp., which makes power management chips for satellites and aircraft, on Tuesday offered revenue guidance for the first quarter above Wall Street's estimates.

July 22nd, 2009 BANGALORE - Wipro chairman Azim Premji said on Wednesday that they are adapting successfully to the global meltdown. Wipro, India's third-largest software services exporter, registered 13 percent rise in quarterly profit.

July 22nd, 2009 BANGALORE - Wipro Ltd projected revenue of $1.03-1.05 billion from its global IT services for the second quarter (July-September) of this fiscal (2009-10). In a regulatory filing Wednesday, the IT bellwether said the guidance was based on its performance in the first quarter (April-June) when its flagship business division revenue at $1.03 billion showed decline of 1.3 percent sequentially and 3.3 percent year-on-year (YoY).

July 22nd, 2009 BANGALORE - India's third largest IT bellwether, Wipro, remained profitable in the first quarter this fiscal despite marginal revenue decline in its global IT services business sequentially and annually. Even for the second quarter, revenue from its flagship IT services business is expected to remain flat in the $1.03-$1.05 billion range, as against the $1.03 billion garnered in the first quarter this fiscal, but still less than the $.1.11 billion earned in the corresponding quarter last fiscal.

July 22nd, 2009 BANGALORE - India's third largest IT bellwether, Wipro, remained profitable in the first quarter this fiscal despite marginal revenue decline in its global IT services business sequentially and annually. Even for the second quarter, revenue from its flagship IT services business is expected to remain flat in the $1.03-$1.05 billion range, as against the $1.03 billion garnered in the first quarter this fiscal, but still less than the $.1.11 billion earned in the corresponding quarter last fiscal.

July 22nd, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.16 billion (Rs.1,016 crore) for the first quarter (April-June) of this fiscal (2009-10), registering 12 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Wednesday, the IT bellwether said consolidated revenue for the quarter (Q1) was Rs.62.74 billion (Rs.6,274 crore), an increase of five percent YoY as per the Indian accounting standard.

July 10th, 2009 BANGALORE - The meltdown has finally caught up with IT bellwether Infosys Technologies, forcing it to marginally lower its quarterly and annual revenue guidance for the first time even as it managed to stay afloat in the first quarter this fiscal. Infosys saw its revenues decline 2.9 percent to Rs.54.72 billion (Rs.5,472 crore) in the first quarter, from Rs.56.35 billion (Rs.5,635 crore) in the fourth quarter last fiscal.

April 22nd, 2009 BANGALORE - Wipro Ltd posted a net profit of Rs.38.99 billion (Rs.3,899 crore) for fiscal 2008-09, registering 19 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing to the stock exchanges, the IT bellwether said Wednesday its consolidated revenue for the fiscal under review (FY 2009) was Rs.255.44 billion (Rs.25,544 crore), posting 28 percent YoY growth under the Indian accounting standard.

April 22nd, 2009 BANGALORE - Wipro Ltd posted a net profit of Rs.10.1 billion (Rs.1,010 crore) for the fourth quarter (January-March) of fiscal 2008-09, registering 15 percent year-on-year (YoY) growth under the Indian accounting standard. In a regulatory filing, the IT bellwether said Wednesday its consolidated revenues for the quarter under review (Q4) of FY 2009 rose to Rs.64.52 billion (Rs.6,452 crore), posting YoY growth of 13 percent under the Indian accounting standard.

April 22nd, 2009 BANGALORE - India's third largest IT bellwether Wipro Ltd, which resisted global meltdown to post double-digit growth in fiscal 2008-09, has succumbed in the beginning of the new fiscal (2009-10) to project lower revenue guidance from its global IT services business. 'Flat sequential growth and uncertainty in a subdued environment have made us project lower revenue guidance from global IT services in the range of $1-1.03 billion for first quarter (April-June) of FY 2010,' Wipro chief financial officer Suresh Senapaty told IANS here Wednesday.

January 28th, 2009 CHICAGO - Boeing Co lost $56 million or eight cents per share in the fourth quarter, the company announced Wednesday. The revenues for the quarter declined by 27 percent to $12.7 billion as a result of the worker's strike that reduced commercial airplane deliveries by approximately 70 units and revenues by about $4.3 billion, the company said in its financial report released here.

January 20th, 2009 BANGALORE - India's third largest IT bellwether lost more employees than it could hire during the third quarter this fiscal, a senior executive admitted Wednesday. 'Yes, our net addition of employees was less than gross addition in the global IT services and products business due to slowdown and attrition in the third quarter compared to second quarter,' Wipro human resources head Pratik Kumar told IANS here.