Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%
5 months ago

Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%

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IT major Wipro on Friday declared its Q1 FY25 financial results. The IT major has posted a consolidated net profit of Rs 3,003.2 crore for the June 2024 quarter, a rise of 4.63 per cent year-on-year. Wipro Outlook for Q3 On the outlook, Wipro expects revenue from its IT services business segment to be in the range of $2,600 million to $2,652 million for the ongoing September 2024 quarter, which translates to sequential guidance of 1.0 per cent to +1.0 per cent in constant currency terms.’ Wipro Share Price Ahead of the results, Wipro’s shares on Friday closed lower by around Rs 14.9 or 2.60 per cent at Rs 558.3 apiece on the BSE. Our operating cash flows continue to be strong at 131.6% of our net income which takes our current investment and cash balance to $5.4 billion.” In the previous quarter of Q4FY24, Wipro’s profit after tax had stood at Rs 2,834.6 crore, a growth of 4.95 per cent from Rs 2,694.2 crore in Q3FY24. TCS, India’s largest IT services company, reported a 9% year-on-year increase in consolidated net profit, reaching Rs 12,040 crore for the first quarter of FY 2024-25, ending on June 30.

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