April 9, 2018 / 1:39 PM / 3 months ago

BRIEF-Wipro Says Insolvency Petition Filed By Telecom Service Provider Client To Impact Revenue, Profitability

April 9 (Reuters) - Wipro Ltd:

* ESTIMATED THAT IMPACT OF INSOLVENCY PETITION FILED BY A TELECOM SERVICE PROVIDER CLIENT WILL HAVE AN IMPACT ON BOTH REVENUE AND PROFITABILITY

* TO SEE IMPACT ON PROFITABILITY AT NET INCOME LEVEL OF 65-75 BASIS POINTS OF CONSOL REV FOR MARCH QTR 2018 DUE TO BANKRUPTCY FILED BY CLIENT

* IMPACT OF THE CLIENT'S INSOLVENCY PETITION WILL REFLECT IN FINANCIAL RESULTS OF CO FOR QUARTER AND YEAR ENDED MARCH 31, 2018 Source text: bit.ly/2H4vWkv Further company coverage:

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