IT services major Wipro has revised its revenue guidance for the April-June 2021 quarter to 8-10 percent after the company completed the acquisition of Capco’s acquisition.

Wipro said it now expects Q1FY21 revenue from its IT services business to be in the range of $2,324 million to $2,367 million. Wipro's earlier guidance was $2,195-2,238 million.

“This translates to a sequential growth of 8.0 percent to 10.0 percent,” Wipro said in a regulatory filing. The company had earlier guided for 2-4 percent revenue growth.

This does not include the revenue from the acquisition of Australian based cyber security and engineering services firm Ampion for $117 million, it added.

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In March, Wipro had announced an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.

“This acquisition will make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry,” the company said.

Wipro had reported a marginal rise in consolidated net profit at Rs 2,972.1 crore during the fourth quarter of fiscal 2021 as compared to Rs 2,966.7 crore in the previous quarter.

The company’s IT services business revenue increased 3.9 percent to Rs 16,334 crore from Rs 15,726.6 crore, QoQ. Wipro’s Q4FY21 dollar revenue was at $2,152.4 million, registering a growth of 3.9 percent, in line with CNBC-TV18's poll estimates. The revenue growth in constant currency came in at 3 percent during the quarter under review.