Wipro Ltd

WIT

Equity

ISIN US97651M1099 / Valor 1133145

New York Stock Exchange, Inc (2024-11-21)

USD 6.79-1.31%

Wipro Ltd
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About company

Wipro Ltd is a global information technology, consulting, and business process services company.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

Wipro Ltd's gross revenue for the quarter ended March 31, 2024, reached ₹222.1 billion ($2.7 billion), remaining flat quarter-over-quarter (QoQ). The IT services segment revenue was at $2,657.4 million, showing a slight increase of 0.1% QoQ but a decrease of 6.4% year-over-year (YoY).

Net Income Growth

Wipro Ltd reported a net income of ₹28.3 billion ($341.0 million) for the quarter ended March 31, 2024, marking an increase of 5.2% QoQ. This growth in net income reflects the company's ability to manage costs and improve profitability despite a challenging macroeconomic environment.

Operating Margins

The IT services segment operating margin for Wipro Ltd in the quarter ended March 31, 2024, was 16.4%, up by 40 basis points QoQ. This improvement in operating margins indicates better operational efficiency and cost management within the IT services segment.

Large Deal Bookings

Wipro Ltd's large deal bookings for the quarter ended March 31, 2024, were at $1.2 billion, representing an increase of 31.1% QoQ and 9.5% YoY. For the full fiscal year 2024, large deal bookings totaled $4.6 billion, a YoY increase of 17.4%, showcasing the company's success in securing significant contracts.

Operating Cash Flows

Wipro Ltd generated operating cash flows of ₹52.2 billion ($626.1 million) for the quarter ended March 31, 2024, an increase of 9.0% QoQ. For the full fiscal year, operating cash flows were ₹176.2 billion ($2,114.0 million), up by 34.9% YoY, indicating strong cash generation capabilities relative to net income.

Summarized from source with an LLMView Source

Key figures

42.6%1Y

-24.5%3Y

85.5%5Y

Performance

33.3%1Y

29.7%3Y

31.2%5Y

Volatility