Wipro added that covid-19 impacted March quarter revenues by 0.7-0.8%. Since business disruption was only in the last two-three weeks of March, this means a quarterly impact of 3-5% of revenues In a first since it listed on the New York Stock Exchange about 20 years ago, Wipro Ltd has decided to take a break from providing quarterly revenue guidance.
But while no numbers were provided, the company’s chief executive officer Abidali Z. Neemuchwala said in a media conference call, “We expect revenues to decline during the (June) quarter, and it will put a huge pressure on our margins." The company also added that covid-19 impacted March quarter revenues by 0.7-0.8%.