New Delhi, July 17 -- Wipro Ltd has started the fiscal year on a gloomy note with a third consecutive revenue decline, but is pinning its hopes for a better second half on its large deals despite macroeconomic uncertainties.

On Thursday, the Bengaluru-based information technology (IT) outsourcer reported $2.59 billion in revenue for the April-June first quarter, down 0.35% from the preceding three months and 1.47% lower from the corresponding year-ago period.

Much of the company's revenue was dragged by banks and financial institutions, which are its biggest earners.

Wipro's first-quarter revenue, however, was a tad higher than the average of $2.58 billion that 35 analysts polled by Bloomberg had expected. India's fourth-largest IT out...