MUMBAI (Reuters) - India's Wipro Ltd
Wipro said on Friday it expects revenue from IT services business for the current quarter that ends September 30 to range between $1.62 billion and $1.65 billion, a sequential increase of 2 percent to 3.9 percent.
Most analysts were expecting the company to say sales in the current quarter would rise 1-3 percent. Wipro does not give an annual forecast.
"This is the strongest guidance from the company in recent history," UBS said in a note after the results, reiterating its "buy" rating on Wipro.
Wipro shares were up 5 percent at 0354 GMT (11:54 a.m ET), outperforming a 0.2 percent fall in the NSE index <.NSEI>.
(Reporting by Himank Sharma)