Gross Revenue GrowthWipro's gross revenue reached an impressive Rs 228.3 billion (USD 2.8 billion), reflecting a significant YoY increase of 6.0%. This substantial growth is a testament to their strong market presence and client-centric approach.
Wipro Ltd. Q1FY24 highlights
IT Services Segment Revenue
The IT services segment revenue experienced positive growth, reaching USD 2,778.5 million, a YoY increase of 0.8%. In INR terms, the growth was even more substantial, with a YoY increase of 6.1%. This performance highlights Wipro's ability to deliver value-added services to its clients.
Wipro Ltd. Q1FY24 highlights
Non-GAAP Constant Currency Revenue
Wipro's non-GAAP constant currency IT services segment revenue displayed a slight QoQ decrease of 2.8%. However, on a YoY basis, it showcased growth of 1.1%, indicating the company's resilience and adaptability in the dynamic market landscape.
Wipro Ltd. Q1FY24 highlights
Total Bookings and Large Deal Bookings
Wipro secured total bookings worth USD 3.7 billion during the quarter, reflecting a significant YoY increase of 9%. Notably, their large deal bookings amounted to USD 1.2 billion, reinforcing their ability to win substantial projects and expand their client base.
Wipro Ltd. Q1FY24 highlights
IT Services Operating Margin
Wipro demonstrated remarkable operational efficiency, as evidenced by the IT services operating margin of 16.0% for the quarter. This figure represents an impressive YoY increase of 112 basis points, highlighting their commitment to optimizing performance and delivering value to stakeholders.
Wipro Ltd. Q1FY24 highlights
Net Income and Earnings Per Share (EPS)The net income for the quarter reached Rs 28.7 billion (USD 349.8 million), reflecting a noteworthy YoY increase of 12.0%. The earnings per share (EPS) also experienced growth, reaching Rs 5.23 (USD 0.061), a substantial YoY increase of 11.5%. These figures demonstrate Wipro's ability to generate sustainable profitability and create shareholder value.
Wipro Ltd. Q1FY24 highlights
Operating Cash Flows and Voluntary AttritionWipro achieved robust operating cash flows, amounting to 130% of the net income for the quarter, reaching Rs 37.5 billion (USD 457.1 million). Furthermore, the voluntary attrition rate continued to moderate, reaching an 8-quarter low of 14% in Q1FY24. This signifies Wipro's focus on employee satisfaction and retention.
Wipro Ltd. Q1FY24 highlights
Wipro, highlighted the steady margin expansion, strong operating cash flows, and notable growth in EPS, indicating the company's focus on operational improvement and financial performance.