Wipro''s revenue will not be affected by GM''s bankruptcy

The revenues of Wipro will not be affected due to the bankruptcy of its client, General Motors Corp, the IT firm said in a regulatory filing Wednesday. "General Motors accounts for less than 1% of Wipro''s IT services segment revenue, and our assessment is that a substantial portion is expected to continue," the company statement said.

It also added "Our accounts receivable as on the date of filing is under $8 million. Based on our current assessment, we do not expect significant adverse impact on account of this development,".