Wipro Ltd

WIT

Equity

ISIN US97651M1099 / Valor 1133145

New York Stock Exchange, Inc (2025-03-14)

USD 3.07+1.32%

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 reported gross revenue of ₹223.0 billion ($2,662.6 million) for the quarter ended September 30, 2024. This represents a 1.5% increase quarter-over-quarter (QoQ) but a 1.0% decrease year-over-year (YoY). The IT services segment revenue was $2,660.1 million, marking a 1.3% QoQ increase and a 2.0% YoY decrease.

Profit and Earnings

For the quarter ended September 30, 2024, Wipro Ltd's net income stood at ₹32.1 billion ($383.1 million), reflecting a growth of 6.8% QoQ and 21.3% YoY. Earnings per share (EPS) also increased by 6.8% QoQ and 21.3% YoY, reaching ₹6.14 ($0.071).

Operating Margin and Cash Flow

Wipro Ltd's IT services operating margin for the quarter was 16.8%, which is an increase of 0.3% QoQ and 0.7% YoY. The company reported operating cash flows of ₹42.7 billion ($509.7 million), which is 132.3% of the net income for the quarter, showing a 10.5% YoY increase.

Deal Bookings

Wipro Ltd achieved total bookings of $3,561 million for the quarter ended September 30, 2024. Large deal bookings were at $1,489 million, marking a significant increase of 28.8% QoQ and 16.8% YoY in constant currency terms, the highest in ten quarters.

Outlook for Next Quarter

For the quarter ending December 31, 2024, Wipro Ltd expects revenue from its IT services business segment to be in the range of $2,607 million to $2,660 million. This guidance translates to a sequential change of (-) 2.0% to 0.0% in constant currency terms.

Summarized from source with an LLMView Source

Key figures

0.66%1Y

-20.2%3Y

101%5Y

Performance

104%1Y

64.0%3Y

54.0%5Y

Volatility