Indian IT service provider Wipro said the business environment is getting back to normal as demand for IT services increases.
The company reported $1.16m in IT services revenue in its first quarter of 2010, a 3.5% increase compared with the previous three-month period and 11.5% more than the same period a year ago.
Wipro chairman Azim Premji said the ITC business is improving. "We saw good recovery in our challenged verticals of technology and telecom. The business environment is returning to normal."
The company expects the growth to continue. "For the [next] quarter ending 30 June, we expect revenues from our IT services business to be in the range of $1,190m to $1,215m," said Premji.
Manish Dugar, CFO at Wipro Technologies, told Computer Weekly that the IT business is seeing positive signs across the infrastructure management, BPO and application implementation and testing service lines.
"The sectors that have increasing demand are also broad with retail, healthcare, financial services and government all looking good."