US EditionWipro First Quarter Results Top Estimates as Indian IT Firm Sees some Strong Client Spending
INDIA, JUL 17 – Wipro's profit rose 11% to Rs 3,330 crore and declared Rs 5 dividend per share amid cautious Q2 revenue guidance due to macroeconomic volatility and client spending softness.
- Thursday reported a 10.9% increase in net profit to Rs 3,336.5 crore and declared a Rs 5 dividend, Wipro Ltd., Bengaluru-based IT firm.
- Amid global headwinds, Srini Pallia warned of `significant macro uncertainty`, noting Europe revenue fell 8.1%, and softening reflected cautious client budgets.
- Aparna Iyer highlighted that total deal wins reached $5 billion, with large deals at $2.7 billion, and margins expanded by 80 basis points YoY.
- Following the results, Wipro stock rallied 4.43% to Rs 271.80 on the BSE, while U.S.-listed shares rose 1.4%.
- For Q2 FY26, the company forecasts revenue between $2,560 million and $2,612 million, reflecting sequential guidance of –1.0% to +1.0%.
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Wipro rides on Americas biz to top Q1 estimates
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Wipro starts the year slow but pins hopes on large deals
Wipro became India’s third large IT outsourcer to cut headcount in the first quarter, joining HCL Technologies and Tech Mahindra, which signals murkier waters ahead for India’s information technology services sector.
Wipro first quarter results top estimates as Indian IT firm sees some strong client spending
BENGALURU :Wipro beat June-quarter estimates as improved client spending in parts of its Americas business boosted performance and forecast current-quarter revenue in line with expectations.The results and forecast eased investor concerns after months of subdued outlook, sending U.S.-listed shares of the comp
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