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Informist, Thursday, Jul. 17, 2025

 

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--Wipro Apr-Jun revenue from energy, mfg ops 17.7% of sales vs 17.3% qtr ago
--Wipro Apr-Jun revenue from emergy, mfg ops 17.7% of sales vs 17.3% qtr ago
--Wipro Apr-Jun revenue from health ops 14.6% of sales vs 14.4% quarter ago
--Wipro Apr-Jun revenue from tech, comm ops 15.5% of sales vs 15.2% qtr ago
--Wipro Apr-Jun revenue from consumer ops 18.6% of sales vs 18.9% quarter ago
--Wipro Apr-Jun revenue from BFSI 33.6% of sales vs 34.2% quarter ago
--Wipro Apr-Jun total active customers 1,266 vs 1,282 quarter ago
--Wipro Apr-Jun new customers 49 vs 63 quarter ago
--Wipro CEO: Clients prioritised efficiency, cost optimisation in Apr-Jun
--Wipro Apr-Jun sales from Europe down 6.4% QoQ in constant currency terms
--Wipro Apr-Jun sales from Americas-2 dn 1.7% QoQ in constant currency terms
--Wipro CEO: Got 16 large deals, including 2 mega deals in Apr-Jun
--Wipro Apr-Jun sales from Americas-1 up 0.2% QoQ in constant currency terms
--Wipro Apr-Jun consumer sales dn 4% QoQ in constant currency, dn 5.7% YoY
--Wipro Apr-Jun energy, mfg sales down 0.7% on qtr in constant currency
--Wipro Apr-Jun comm sales up 0.4% QoQ in constant currency, down 0.3% YoY
--Wipro Apr-Jun gross revenue $2.58 bln, down 1.6% on qtr
--Wipro Apr-Jun BFSI sales down 3.8% QoQ in constant currency, down 3.5% YoY
--Wipro Apr-Jun employee utilisation 85.0% vs 84.6% quarter ago
--Wipro total headcount 233,232 as on  Jun 30 vs 233,346 as on Mar 31
--Wipro Apr-Jun revenue down 2.3% on year in constant currency terms
--Wipro Apr-Jun operating cash flow INR 41.10 bln, up 2.9% on year
--Wipro Apr-Jun revenue down 2% on quarter in constant currency terms
--Wipro Apr-Jun 12-month attrition 15.1% vs 15% quarter ago
--Wipro Apr-Jun large deal booking $4.97 bln, up 50.7% YoY constant currency
--Wipro Apr-Jun IT services operating margin 17.3% vs 17.5% quarter ago
--Wipro sees Jul-Sept IT svcs sales (-)1% to 1% QoQ constant currency
--Wipro sees Jul-Sept IT svcs sales between $2.56 bln and $2.61 bln
--Wipro interim dividend record date is Jul 28
--Wipro Apr-Jun IT services sales INR 220.80 bln vs INR 224.45 bln qtr ago
--Wipro to pay INR 5 per share interim dividend
--Wipro Apr-Jun consol revenue INR 221.35 bln vs INR 225.04 bln qtr ago
--Wipro Apr-Jun consol net profit INR 33.30 bln vs INR 35.70 bln qtr ago
--Analysts saw Wipro Apr-Jun consol net profit at INR 32.62 bln
--Wipro Apr-Jun consol net profit INR 33.30 bln

 

By Narayana Krishna

 

HYDERABAD - Information technology major Wipro Ltd. on Thursday reported a nearly 7% sequential fall in its June quarter consolidated net profit to INR 33.30 billion. Analysts had expected Wipro's June quarter net profit to fall nearly 9% sequentially to INR 32.62 billion. After six quarters of profit growth, the Bengaluru-based software services company reported a fall in its net profit.

 

The company's revenue fell 1.6% quarter on quarter to INR 221.35 billion. The company's IT Services sales fell to INR 220.80 billion from 224.45 billion a quarter ago. IT services operating margin also shrank by 20 basis points on quarter to 17.3%.

 

"In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimisation. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals," Wipro said in a release, quoting the company's Chief Executive Officier and Managing Director Srini Pallia. "Building on the momentum from 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."  

 

Wipro's June quarter revenue in constant currency terms fell 2% on quarter and 2.3% on year to $2.59 billion, the company said. The gross revenue declined 1.6% on quarter to $2.58 billion. The operating cash flow for the quarter was at INR 41.10 billion, up 9.8% on quarter.

 

Wipro's June quarter sales in Americas-1 rose 0.2% quarter in constant currency terms, and fell 1.7% in Americas-2. Wipro segments its operations in the Americas into two strategic business units--Americas 1 and Americas 2--to align more closely with industry-specific client needs and regional market dynamics.

 

Americas 1 primarily caters to clients in the banking, financial services and insurance, consumer goods, and life sciences sectors, focusing on large, strategic accounts. In contrast, Americas 2 serves a broader set of industries, including healthcare, energy and utilities, technology, communications, and manufacturing.

 

In Europe too, the company witnessed 6.4?ll in sales sequentially.

 

On constant currency terms, consumer division sales fell 4% on quarter and 5.7% on year, while energy and manufacturing segment sales were down 0.7% on quarter. The technology and communication segment saw a growth of 0.4% on quarter, but declined 0.3% on year, the company said. The BFSI segment sales on a constant currency basis fell 3.8% on quarter and 3.5% on year.

 

Energy and manufacturing segment share in overall revenue improved to 17.7% from 17.3% a quarter ago. Healthcare sector sales improved to 14.6% of the total sales from 14.4% a quarter ago. Revenue from the technology and communication segment accounted for 15.5% for the quarter from 15.2% a quarter ago. Consumer operations segment sales fell to 18.6% of the total sales, which was 18.9% a quarter ago. The banking, financial services and insurance segment share in the consolidated sales also fell to 33.6% from 34.2% a quarter ago.

 

DEAL PIPELINE

Wipro's total bookings for the quarter rose 50.7% on year to $4.97 billion, the company said. Out of the total deals signed during the quarter, 49 were with new customers compared with 63 new clients a quarter ago, Wipro said. The company's total active customers as of Jun. 30 was at 1,266 against 1,282 a quarter ago.

 

Wipro's utilisation for the quarter improved to 85.0% from 84.6% a quarter ago. The employee headcount as on Jun. 30 was at 233,232 against 233,346. The 12-month attrition rate was at 15.1% against 15.0% a quarter ago.

 

Wipro expects its revenue from information technology services to fall 1% on quarter during the September quarter in the worst case and may rise 1% in the best case in constant currency terms. This implies the revenue from IT services is expected to be in the range of $2.56 billion to $2.61 billion in the September quarter.

 

Wipro board approved to pay an interim dividend of INR 5 per share, and record date is Jul. 28.

 

On Thursday, shares of Wipro ended at INR 260.60 on the National Stock Exchange, down 0.8% from its previous close.  End

 

US$1 = INR 86.0750

 

Edited by Akul Nishant Akhoury

 

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