The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% YoY drop, while HCL Tech reported consolidated revenue of ₹28,446 crore in Q3, reflecting a 6.5% YoY growth.
Three months ago, it had guided for a sequential drop of 1.5% to 3.5% in CC revenue for the December quarter hinting at a subdued demand trend. On Friday, it reported a drop of 1.5% in CC terms, closer to the lower end of the guidance. In reported currency terms, revenue fell by 2.1% sequentially to $ 2,656.1 million. On average, analysts were expecting a fall of 1.9% to $ 2,661.6 million.