IT Consulting & Software company Wipro announced Q1FY25 results:
Gross revenue was at Rs 219.6 billion (USD 2,635.8 million), a decrease of 1.1% QoQ and 3.8% YoY.
IT services segment revenue was at USD 2,625.9 million, a decrease of 1.2% QoQ and decrease of 5.5% YoY.
Non-GAAP constant currency IT Services segment revenue decreased 1.0% QoQ, and 4.9% YoY.
Total bookings was at USD 3,284 million. Large deal bookings was at USD 1,154 million, a decrease of 3.1% QoQ and 3.6% YoY.
IT services operating margin for the quarter was at 16.5%, an increase of 0.1% QoQ and 0.4% YoY.
Net income for the quarter was at Rs 30.0 billion (USD 360.4 million), an increase of 5.9% QoQ and 4.6% YoY.
Earnings per share for the quarter was at Rs 5.75 (USD 0.07), an increase of 5.9% QoQ and 9.9% YoY.
Operating cash flows of Rs 40.0 billion (USD 479.0 million), an increase of 6.5% YoY and at 131.6% of Net Income for the quarter.
Voluntary attrition was at 14.1% on a trailing 12-month basis.
Srini Pallia, CEO and Managing Director, said “We recorded another quarter of total large deal bookings over USD 1 bn, with our largest win in the recent years. Our top accounts continued to grow, accompanied by a growth in Americas1 SMU, BFSI and Consumer sectors. We are pleased with the momentum we have built in Q1 across industries and sectors and confident in our ability to execute better on bookings and profitable growth as we transition to Q2. While we continue to build on our ai360 strategy and preparing our workforce for an AI-first future.”
Aparna Iyer, Chief Financial Officer, said “We continued to expand our margins to 16.5% in Q1FY25, this is a 42-bps improvement YoY. Our margin performance is also reflected in our EPS increase of 10% YoY. Our operating cash flows continue to be strong at 131.6% of our net income which takes our current investment and cash balance to USD 5.4 billion.”
Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the worlds first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The companys Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.
Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the worlds first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The companys Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.
Wipro share price as on 17 Aug 2024 is Rs. 516.25. Over the past 6 months, the Wipro share price has increased by 0.34% and in the last one year, it has increased by 24.35%. The 52-week low for Wipro share price was Rs. 375.05 and 52-week high was Rs. 548.8.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 16, 2024 03:59 PM the closing price of Wipro was Rs.516.25.
Market capitalization or market cap is determined by multiplying the current market price of a companys shares with the total number of shares outstanding. As of Aug 16, 2024 03:59 PM, the market cap of Wipro stood at Rs. 270,007.22 Cr.