EAST BRUNSWICK, N.J. | BENGALURU, India – January 17, 2025: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced its financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2024.
Results
1. Gross revenue was at ₹22,320 Crore, an increase of 0.1% QoQ
2. Net income for the quarter was at ₹3,350 Crore, an increase of 4.5% QoQ
3. IT services operating margin for the quarter was at 17.5%, an increase of 0.7% QoQ.
4. Total order bookings was at $3.5 billion. Large deal bookings was at $961 million, an increase of 6% YoY
5.Earnings per share for the quarter was at ₹3.21, an increase of 4.6% QoQ.
Wipro today announced that in the quarter ended December 31, 2024, the company has performed better than its own guidance. The company clocked INR 22,320 crore revenue and INR 3,350 crore in profit. The company also improved its IT services margin by 70 basis points (QoQ) to 17.5%, which is also the highest operating margin for the company in the last 3 years. The company also announced an interim dividend of Rs 6 per share for its shareholders.
Srini Pallia, CEO and Managing Director, said “In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of $1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future.”
For the quarter ending March 31, 2025, the company expects revenue from its IT services to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms.
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