WIPRO Q1 RESULTS 2025: REVENUE FALLS, GUIDANCE REVISED

Wipro reported its June quarter numbers on Friday, 19th July. The share price closed 2.83% lower, and Wipro ADR was down more than 10%. Let us look at Wipro Q1FY25 quarterly numbers in detail.

About Wipro

Wipro is a leading global information technology company providing consulting, technology, and business process services. With a rich history spanning several decades, Wipro has established itself as a trusted partner for businesses across industries, delivering innovative solutions and driving digital transformation.

Crucial parameters

• PE Ratio: 31.96
• 52 week high: 580
• Market Cap: 2,91,468.19 crore
• ROE: 15.78

Share Price Movement

In the last six months, Wipro shares have given 22.84% returns. In the last year, the share price has jumped 42.80% in returns. In the 5 years, Wipro shares have given 110% returns to its investors.

Wipro Q1FY25 Result Details

Here are all the key numbers you need to know about Wipro's December quarter results:

Here are all the key numbers you need to know about Wipro's June quarter results:

Revenue: The company reported a consolidated revenue of Rs 21,964 crore for Q1FY25, which is down by 3.8% YoY. Banking, Financial Services and Insurance YoY was muted. Consumer and Health saw growth in the revenue. 

Europe reported a decline in revenue from 29.5% in Q1FY24 to 27.6% in Q1FY25, and the APMEA region saw a fall of 20 basis points. Americas 1 market, which comprises financial services, manufacturing, energy & utilities, and hi-tech industry sectors in both the US and Canada, saw growth YoY.

Profits: Wipro's Q1FY25 net profit rose 4.6% from a year ago to Rs 3,003 crore, which is higher than market expectations. In the previous quarter, the company reported a profit of Rs 2,835 crore.

Margins: The company expanded its margins to 16.5% in Q1FY25, this is a 42-bps improvement YoY. The margin performance is also reflected in their EPS increase of 10% YoY.

Guidance: Wipro expects revenue from of IT Services business segment to be in the range of $2,617 million to $2,670 million. It translates to sequential guidance of (-)1.5% to +0.5% in constant currency terms.    

Employee count: The company reported a total headcount of 2,34,391 at the end of the June quarter, which is slightly higher than 2,34,054 in the March quarter. Voluntary TTM attrition stood at 14.1%.  

Other updates: Wipro received total bookings of $3.3 billion for the quarter. The large deal bookings growth stood at $1.2 billion, down 3.6% YoY. The company added one customer in the $75 million plus category compared to the March quarter. The total number of new customers added in the June quarter is 43, and the active customer base is 1364, which has come down sequentially.

Management Commentary: Srini Pallia, CEO and Managing Director, said “We recorded another quarter of total large deal bookings over $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."