New York-listed Wipro, which offers IT solutions such as system integration, software development and back-office services to companies looking to cut costs, received 65 percent of its revenue from the United States in the quarter ended June. "This quarter will be very crucial because at the end of this quarter and in the next three months time, the budgeting for the next year starts happening. That's when we are going to get the real feel of it," Nandy said. India-based outsourcing company WNS (Holdings) Ltd last week lowered its fiscal 2008 outlook after it stopped receiving work from a US mortgage lender. Shares in Wipro have fallen 8.5 percent this month so far, in line with the decline in the main Mumbai market, on worries that the export-driven software sector may lose business if the US subprime woes squeeze corporate spending.