IT major Wipro reported a 9.8% year-on-year increase in consolidated net profit to Rs 3,336.5 crore for the June quarter (Q1 FY25), as per its regulatory filing released on Thursday. In the same quarter last year, the company had posted a profit of Rs 3,036.6 crore.Wipro’s consolidated revenue from operations stood at Rs 22,134.6 crore during the April–June period, registering a marginal growth compared to Rs 21,963.8 crore in the corresponding quarter of the previous year.Commenting on the results, Wipro MD and CEO Srini Pallia said that the quarter was influenced by macroeconomic uncertainty, leading clients to prioritise cost optimisation and operational efficiency. “We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals,” said Pallia, as quoted by PTI.“Building on the momentum from the last quarter and supported by a strong pipeline, we are well positioned for the second half. AI is no longer experimental- it’s central to our clients’ strategies, and we are delivering real impact at scale,” he added.
Flat growth forecast for Q2
For the September quarter (Q2 FY25), Wipro provided a sequential revenue guidance of -1% to 1% in constant currency terms. The company expects its IT services revenue to be in the range of $2,560 million to $2,612 million.On Thursday, Wipro shares closed 0.93% lower at Rs 260.25 apiece on the BSE.
