Shares of Wipro Limited’s American Depositary Receipts (ADRs) climbed nearly 4% on Thursday on Wall Street after the IT firm posted results that met expectations and reported a healthy uptick in deal wins for the June quarter.Revenue for Q1 stood at ₹22,080 crore, just shy of CNBC-TV18’s poll estimate of ₹22,087 crore.
EBIT rose 0.6% sequentially to ₹3,813 crore, coming in slightly above expectations of ₹3,787 crore. EBIT margin for the quarter was 17.3%, down from the previous quarter but ahead of the estimated 17.1%.
Bookings saw a notable improvement — total bookings rose 50.7% YoY and 24.1% QoQ in constant currency terms to $4.97 billion. Large deal bookings were at $2.67 billion, up 130.8% YoY and nearly 50% QoQ.Also read: Wipro Q1 Results: Headcount dips, attrition edges higher to 15.1%
EBIT rose 0.6% sequentially to ₹3,813 crore, coming in slightly above expectations of ₹3,787 crore. EBIT margin for the quarter was 17.3%, down from the previous quarter but ahead of the estimated 17.1%.
Bookings saw a notable improvement — total bookings rose 50.7% YoY and 24.1% QoQ in constant currency terms to $4.97 billion. Large deal bookings were at $2.67 billion, up 130.8% YoY and nearly 50% QoQ.Also read: Wipro Q1 Results: Headcount dips, attrition edges higher to 15.1%
Wipro guided for flat revenue growth in Q2 (between -1% and +1% in constant currency terms) and declared an interim dividend of ₹5 per share. The record date is July 28, and payment will be made by August 15.
Ahead of earnings announcement, Wipro shares closed 1.5% lower on the NSE at ₹258.75 on Thursday.
