Magellanic Cloud shares rally 7% today, extend two-day gain to 26% on heavy volumes; Check details
This rally comes on the heels of a strong 26% surge over the past two trading sessions, driven by heavy volumes and strong investor interest. The stock opened at ₹98.99 and touched a low of ₹98.40 during the day before bouncing back sharply.
Over the past year, the stock has gained an impressive 37.09%, showing consistent momentum and improving sentiment around the company. Today's surge also marks a significant breakout above its previous highs, hinting at sustained strength in the near term. Market participants seem to be taking a bullish view, possibly anticipating future growth or positive business developments.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Wipro Announces Results for the Quarter Ended June 30, 2025
By Business Wire India Published on July 17, 2025, 18:14 IST Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2025. Business Wire India Large deal booking at $2.7Bn, grows 131% YoY, overall deal bookings at $5.0Bn Net income grows 10.9% YoY; Revenue decreases 2.3% YoY in CC terms Q1'26 operating margin at 17.3%, expands 0.8% YoY; EPS grows 10.8% YoY Operating cash flows at 123.2% of net income Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2025. Highlights of the Results Results for the Quarter ended June 3 0 , 2025: Gross revenue at Rs 221.3 billion ($2,581.6 million1), decrease of 1.6% QoQ and increase of 0.8% YoY. IT services segment revenue was at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. Non-GAAP2 constant currency IT Services segment revenue decreased 2.0% QoQ and 2.3% YoY. Total bo okings3 was at $4,971 million, up by 24.1% QoQ and 50.7% YoY in constant currency 2 . Large deal bookings4 was at $2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency 2 . IT services operating margin5 for Q1'26 was at 17.3%, contraction of 0.2% QoQ and expansion of 0.8% YoY. Net income for the quarter was at Rs 33.3 billion ($388.4 million1), decrease of 6.7% QoQ and increase of 10.9% YoY. Earnings per share for the quarter at Rs 3.2 ($0.041), decrease of 6.7% QoQ and increase of 10.8% YoY. Operating cash flows of Rs 41.1 billion ($479.6 million1), increase of 9.8% QoQ and 2.9% YoY and at 123.2% of Net Income for the quarter. Declared interim dividend of Rs 5 ($0.061) per equity share/ADS. Voluntary attrition was at 15.1% on a trailing 12-month basis. Outlook for the Quarter ending September 30, 2025 We expect revenue from our IT Services business segment to be in the range of $2,560 million to $2,612 million*. This translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms. *Outlook for the Quarter ending Sept 30, 2025, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.13, AUD/USD at 0.64, USD/INR at 85.88 and CAD/USD at 0.72 Performance for the Quarter ended June 30, 2025 Srini Pallia, CEO and Managing Director, said, ' In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. 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. ' Aparna Iyer, Chief Financial Officer, said, 'We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income. The board also declared an interim dividend of INR 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn.' For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = Rs 85.74, as published by the Federal Reserve Board of Governors on June 30, 2025. However, the realized exchange rate in our IT Services business segment for the quarter ended June 30, 2025, was US$1= Rs 85.34 Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2. Large deal bookings consist of deals greater than or equal to $30 million in total contract value. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials. Highlights of Strategic Deal Wins In Q1'26, Wipro continued to win large and strategic deals across industries. Key highlights include: A leading global technology company has chosen Wipro as its exclusive strategic partner to transform and scale its engineering and application support operations. This milestone engagement is a direct reflection of the client's vision to simplify operations, accelerate innovation, and build a future-ready engineering ecosystem. By consolidating a fragmented vendor base and establishing a high-impact Centre of Excellence in India, Wipro is enabling the client to double engineering capacity, enhance application reliability, and reduce support overhead—while significantly improving business partner experience. Our co-development of Agentic AI solution with the client in the enterprise application space marks a pivotal moment in our journey to embed intelligent, autonomous capabilities into complex enterprise systems while laying the foundation for enterprise-grade AI adoption. This win is testament to Wipro's deep technical expertise, innovation-led delivery, and strategic investments that position us as a true engineering partner. A US-based global technology company has awarded Wipro a strategic contract to enable innovation at scale for its proprietary operating system. Wipro will accelerate the release of new OS versions by streamlining test engineering, ensuring its compatibility across applications and devices. By integrating AI-powered tools into the application development workflow, Wipro will automate test creation, speed up adaptation of apps to new OS environments, and intelligently assess their quality and reliability. These enhancements will reduce development cycle time and total cost of ownership, while improving customer experience and product stability. This engagement strengthens a partnership spanning more than two decades, built on deep domain expertise and consistent delivery excellence. A US-based specialty fashion retailer has chosen Wipro to modernize its business and IT operations, and transform its consumer interface across contact centers, e-commerce, and marketing functions. As the Enterprise partner on AI, Wipro will create a dedicated AI innovation hub for the client, which will encompass process, applications, and Infrastructure. Leveraging AI agents, Wipro will help the client deliver personalized experiences and product recommendations. Further, Wipro will create an AI-powered solution to accelerate the software development cycle, delivering a seamless, transparent, and more unified service experience for customers and employees across digital channels. Ultimately, this strategic transformation will lay the foundation for a more agile, AI-infused enterprise, helping the client scale, innovate, and prepare for future growth. A leading US-based hospitality company has selected Wipro to enhance performance across their customer life cycle including growth and reservations, customer service, and payments. Following successful pilots, Wipro was selected to help the client optimize its operations and scale strategic capabilities, which is part of their business transformation roadmap. This engagement will enable the client to improve conversion, increase booking velocity, and ensure best in class customer satisfaction. A leading apparel company has selected Wipro to transform its IT infrastructure and Cybersecurity operations with an AI-first approach. As part of this first-of-its-kind engagement for the client, Wipro will deploy its proprietary AI platform to streamline operations, improve regulatory compliance, and enhance the overall experience for the clients' end-consumers, suppliers, and employees, while delivering significant cost reductions in IT operations. Wipro will also strengthen the security posture by enabling AI-powered predictive and preventive operations and automation of security workflows to improve incident resolution times. Through a unified, AI-led managed services model, Wipro will help the client improve regulatory compliance and minimize business disruption through greater operational stability. A leading US-based healthcare payer has selected Wipro to manage its expanding operational demands and transform its member experience. Wipro will re-imagine the client's prior authorization workflows and clinical case determinations to improve service delivery and member experience. Wipro will drive measurable impact through reduced turnaround times, enhanced service levels, and stronger Net Promoter Scores for the client. Wipro has been selected by a US-based digital health technology firm to transform its global customer care and sales operations. Leveraging AI and automation through a cloud-based platform, Wipro will enable the client's medical offices and pharmacy operations with advanced self-service capabilities such as conversational AI and intelligent query routing. Additionally, GenAI-powered knowledge presentation and context-aware guidance will be deployed to assist agents and enhance overall service delivery. This engagement will help the client boost product sales and improve post-sales service for patients, all while reducing operational costs. Wipro will establish a global operations delivery model spanning 17 countries and supporting 10 languages, driving increased market share and improved customer experience for patients. A US-based global payment company has engaged Wipro in a strategic partnership to enhance the resilience and reliability of its business-critical applications. As the client consolidates its technology operations under a more focused partner model, Wipro will deploy AI-powered Application Management Solutions to reinvent operations and unify visibility across 120+ application groups. The Wipro team will help the client optimise business processes for change management, improve observability and deliver cost efficiency. This engagement will lead to greater operational stability, support continuous innovation, and improve end-customer experience. One of Europe's largest semiconductor manufacturers has selected Wipro to develop and maintain software products for its automotive division. The engagement will span the full lifecycle of silicon engineering, helping the client accelerate silicon software development, improve reliability, and bring innovations to market faster. Wipro is also integrating AI into the software development process to boost efficiency and enable smarter engineering decisions. This win reinforces Wipro's position as a trusted engineering partner in the global semiconductor industry. A leading Europe-based medical devices company has selected Wipro to transform its global quality and regulatory operations. Wipro will consolidate and streamline the client's processes through a global delivery model, using AI-powered solutions to prioritize and allocate customer complaints, identify complaint codes, and enhance regulatory reporting. This intelligent automation system is expected to significantly improve complaint management, strengthen compliance, and drive operational efficiency across the client's product portfolio, while enabling substantial cost efficiencies, enhanced productivity, and superior service outcomes. A global leader in enterprise software has selected Wipro to support its expanding client base through intelligent audit and invoice verification services across the travel and expense management workflows. Wipro will deliver continuous, round-the-clock support through a globally distributed team, ensuring timely and precise validation of expense reports and invoice data. By applying domain expertise and rigorous quality controls, Wipro will help the client maintain high service standards while scaling delivery for a growing portfolio. The engagement focuses on improving accuracy, compliance, and operational efficiency. Wipro was selected by a global automotive company to transform and streamline its Enterprise Resource Planning and HR systems using a unified, AI-powered platform. Wipro will deploy its solutions across Finance, HR, and Procurement—enhancing operations with intelligent automation, document processing, and predictive insights. This engagement will drive productivity, optimize resource utilization, and strengthen the client's competitive edge. A leading global bank with a strong APAC presence has selected Wipro to set up a centralized AI-powered Center of Excellence to accelerate enterprise-wide AI adoption. Wipro will deploy Agentic AI solutions to enable smarter customer interactions, automated workflows, and intelligent document handling. The deal will boost operational efficiency, decision-making speed, and overall user experience for the client. A global logistics leader has selected Wipro to transform its supply chain operations through GenAI-powered solutions. Building on the success of the previously deployed Gen AI-powered virtual assistants for Finance processes, Wipro will introduce agentic and assistive AI to optimize procurement and logistics workflows. This engagement will deliver a significant improvement in operational efficiency and measurable increase in user satisfaction—enabling smarter, faster decision-making for the client. A major UK-based utilities provider has selected Wipro to transform its legacy Geographic Information System (GIS) as part of a multi-year strategy. This Consulting-led engagement will leverage Wipro's deep domain expertise and technical capabilities to deliver Strategic Asset Management services, shaping the client's transformation roadmap and guiding future initiatives. The engagement is expected to drive significant improvements in operational efficiency and a better customer experience. Analyst Recognition Wipro was ranked as a Leader in Avasant's Applied AI Services 2024–2025 RadarView™ Wipro was recognized as a Leader in Avasant's Cybersecurity Services 2025 RadarView™ Wipro was recognized as a Leader in Everest Group's Pharmacovigilance (PV) Operations PEAK Matrix® Assessment 2025 Wipro was positioned as a Leader in ISG Provider Lens™ – Digital Engineering Services 2025 – US & Europe (all quadrants) Wipro was positioned as a Leader in Avasant's Banking Digital Services 2025 RadarView™ Wipro was positioned as a Leader in ISG Provider Lens™ – ServiceNow Ecosystem Partners 2025 – US & Europe (all quadrants) Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Energy and Utilities Service Providers, 2025 Wipro was positioned as a Leader in Everest Group's Talent Readiness for Next-generation Application Services PEAK Matrix® Assessment 2025 Wipro was rated as a Horizon 3 – Market Leader in the HFS Horizons: Intelligent Retail and CPG Ecosystems, 2025 Wipro was positioned as a Leader in the 2025 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing Wipro was positioned as a Leader in ISG Provider Lens™ – SAP Ecosystem 2025 – US & UK (all quadrants) Wipro was rated as a Leader in Avasant's Supply Chain Operations Services Business Process Transformation 2025 RadarView™ Source & Disclaimer: *Gartner, 'Magic Quadrant for Finance and Accounting Business Process Outsourcing', Jan Ambergen, et al, 14 April 2025. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner's research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the 'Gartner Content') represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this press release, and the opinions expressed in the Gartner Content are subject to change without notice. IT Products IT Products segment revenue for the quarter was Rs 0.7 billion ($8.5 million1) IT Products segment results for the quarter were Rs 0.02 billion ($0.2 million1) Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis. About Key Metrics and Non-GAAP Financial Measures This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS. The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates. Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated. Results for the Quarter ended June 30, 2025, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website Quarterly Conference Call We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (8:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- An audio recording of the management discussions and the question-and-answer session will be available online and will be accessible in the Investor Relations section of our website at Forward-Looking Statements The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at . We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Rs in millions, except share and per share data, unless otherwise stated) As at March 31, 2025 As at June 30, 2025 Convenience translation into U.S. Dollar in millions (unaudited) ASSETS Goodwill 325,014 328,439 3,831 Intangible assets 27,450 25,916 302 Property, plant and equipment 80,684 79,754 930 Right-of-Use assets 25,598 27,121 317 Financial assets Derivative assets ^ 2 ^ Investments 26,458 27,585 322 Trade receivables 299 300 3 Other financial assets 4,664 4,698 55 Investments accounted for using the equity method 1,327 1,382 16 Deferred tax assets 2,561 2,515 29 Non-current tax assets 7,230 6,441 75 Other non-current assets 7,460 8,113 95 Total non-current assets 508,745 512,266 5,975 Inventories 694 571 7 Financial assets Derivative assets 1,820 912 11 Investments 411,474 405,976 4,735 Cash and cash equivalents 121,974 125,763 1,467 Trade receivables 117,745 118,143 1,378 Unbilled receivables 64,280 71,626 835 Other financial assets 8,448 19,105 223 Contract assets 15,795 16,151 188 Current tax assets 6,417 6,760 78 Other current assets 29,128 30,395 355 Total current assets 777,775 795,402 9,277 TOTAL ASSETS 1,286,520 1,307,668 15,252 EQUITY Share capital 20,944 20,965 245 Share premium 2,628 4,825 56 Retained earnings 716,477 750,674 8,755 Share-based payment reserve 6,985 5,224 61 Special Economic Zone Re-investment reserve 27,778 26,885 314 Other components of equity 53,497 60,330 703 Equity attributable to the equity holders of the Company 828,309 868,903 10,134 Non-controlling interests 2,138 1,688 20 TOTAL EQUITY 830,447 870,591 10,154 LIABILITIES Financial liabilities Loans and borrowings 63,954 – – Lease liabilities 22,193 23,977 280 Other financial liabilities 7,793 5,134 60 Deferred tax liabilities 16,443 15,551 181 Non-current tax liabilities 42,024 41,567 485 Other non-current liabilities 17,119 18,686 218 Provisions 294 263 3 Total non-current liabilities 169,820 105,178 1,227 Financial liabilities Loans, borrowings and bank overdrafts 97,863 126,766 1,479 Lease liabilities 8,025 7,993 93 Derivative liabilities 968 1,326 16 Trade payables and accrued expenses 88,252 86,010 1,003 Other financial liabilities 3,878 6,626 77 Contract liabilities 20,063 20,739 242 Current tax liabilities 34,481 45,113 526 Other current liabilities 31,086 35,575 415 Provisions 1,637 1,751 20 Total current liabilities 286,253 331,899 3,871 TOTAL LIABILITIES 456,073 437,077 5,098 TOTAL EQUITY AND LIABILITIES 1,286,520 1,307,668 15,252 ^ Value is less than 0.5 WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Rs in millions, except share and per share data, unless otherwise stated) Three months ended June 30, 2024 2025 2025 Convenience translation into U.S. Dollar in millions (unaudited) Refer to Note 2(iii) Revenues 219,638 221,346 2,582 Cost of revenues (153,306) (157,247) (1,834) Gross profit 66,332 64,099 748 Selling and marketing expenses (15,844) (15,285) (178) General and administrative expenses (14,213) (13,272) (155) Foreign exchange gains/(losses), net (206) 182 2 Results from operating activities 36,069 35,724 417 Finance expenses (3,288) (3,608) (42) Finance and other income 7,480 10,417 121 Share of net profit/ (loss) of associate and joint venture accounted for using the equity method (45) 50 1 Profit before tax 40,216 42,583 497 Income tax expense (9,850) (9,218) (108) Profit for the period 30,366 33,365 389 Profit attributable to: Equity holders of the Company 30,032 33,304 388 Non-controlling interests 334 61 1 Profit for the period 30,366 33,365 389 Earnings per equity share: Attributable to equity holders of the Company Basic 2.87 3.18 0.04 Diluted 2.87 3.17 0.04 Weighted average number of equity shares used in computing earnings per equity share Basic 10,451,552,512 10,472,085,808 10,472,085,808 Diluted 10,473,536,226 10,492,102,015 10,492,102,015 Information on reportable segments for the three months ended June 30, 2025, March 31, 2025, June 30, 2024, and year ended March 31, 2025 are as follows: Particulars Three months ended Year ended June 30, 2025 March 31, 2025 June 30, 2024 March 31, 2025 Audited Audited Audited Audited Segment revenue IT Services Americas 1 73,097 73,721 67,700 281,824 Americas 2 67,070 68,582 67,338 271,972 Europe 56,817 58,552 60,422 240,077 APMEA 23,816 23,598 23,503 94,351 Total of IT Services 220,800 224,453 218,963 888,224 IT Products 728 813 469 2,692 Total segment revenue 221,528 225,266 219,432 890,916 Segment result IT Services Americas 1 14,994 16,195 13,687 58,186 Americas 2 13,385 15,513 15,533 61,326 Europe 6,026 8,140 5,873 29,434 APMEA 2,979 3,672 2,441 12,850 Unallocated 750 (4,250) (1,477) (10,157) Total of IT Services 38,134 39,270 36,057 151,639 IT Products 20 28 (47) (173) Reconciling Items (2,430) (211) 59 (195) Total segment result 35,724 39,087 36,069 151,271 Finance expenses (3,608) (3,767) (3,288) (14,770) Finance and other income 10,417 11,819 7,480 38,202 Share of net profit/ (loss) of associate and joint venture accounted for using the equity method 50 291 (45) 254 Profit before tax 42,583 47,430 40,216 174,957 Additional Information: The Company is organized into the following operating segments: IT Services and IT Products. IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units ('SMUs') – Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa ('APMEA'). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries. Americas 1 includes the entire business of Latin America ('LATAM') and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Western Europe. APMEA consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa. Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers. IT Products : The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products. Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn) Three Months ended June 30, 2025 IT Services Revenue as per IFRS $2,587.4 Effect of Foreign currency exchange movement ($44.1) Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $2,543.3 Three Months ended June 30, 2025 IT Services Revenue as per IFRS $2,587.4 Effect of Foreign currency exchange movement ($20.8) Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $2,566.7 Reconciliation of Free Cash Flow for three months ended June 30, 2025 In INR Mn Three months ended June 30, 2025 Net Income for the period [A] 33,365 Computation of Free Cash Flow Net cash generated from operating activities [B] 41,119 Add/ (deduct) cash inflow/ (outflow)on: Purchase of property, plant and equipment (2,742) Proceeds from sale of property, plant and equipment 12 Free Cash Flow [C] 38,389 Operating Cash Flow as percentage of Net Income [B/A] 123.2% Free Cash Flow as percentage of Net Income [C/A] 115.1% Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Business Wire
3 hours ago
- Business Wire
LTIMindtree Delivers an All-Round USD Growth of 2% QoQ
MUMBAI, India--(BUSINESS WIRE)-- LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the first quarter ended June 30, 2025, as approved by its Board of Directors. 'We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future. While the macroeconomic environment remains challenging, I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance.' - Venu Lambu, Chief Executive Officer and Managing Director Key financial highlights: Quarter ended June 30, 2025 In USD: - Revenue at $1,153.3 million (+2.0% Q-o-Q / +5.2% Y-o-Y) - Operating Margin (EBIT) at 14.3%, expands by 50 bps Q-o-Q - Net profit at $147.0 million (+12.6% Q-o-Q / +8.0% Y-o-Y) In INR: - Revenue at Rs. 98,406 million (+0.7% Q-o-Q / +7.6% Y-o-Y) - Net profit at Rs. 12,546 million (+11.2% Q-o-Q / +10.5% Y-o-Y) Other highlights: Clients: - 741 active clients as of June 30, 2025 - $1 million+ clients increased by 14 on a Y-o-Y basis, total 404 - $5 million+ clients increased by 11 on a Y-o-Y basis, total 159 - $10 million+ clients increased by 3 on a Y-o-Y basis, total 90 - $50 million+ clients increased by 2 on a Y-o-Y basis, total 14 People: - 83,889 professionals as of June 30, 2025 - Trailing 12-month attrition was 14.4% - Utilization (ex-trainees) at 88.1% Deal Wins A global agribusiness leader selected LTIMindtree to implement an AI-driven model for application management, infrastructure support, and cybersecurity services. This suite of IT services includes SAP S/4HANA, ServiceNow, Microsoft Azure, and AI frameworks and focuses on efficiency and growth, driven by vendor consolidation. A global leader in professional services has chosen LTIMindtree as part of their supplier consolidation initiative spanning Client Technology, Enterprise Technology, and Information Security. A major European financial institution chose LTIMindtree as its long-term transformation partner to migrate from a legacy system to a flagship Transaction Processing Platform, integrating Gen AI and automation in the solution to accelerate delivery. Selected as a strategic partner by a leading digital company in the Middle East to manage their supply chain and digital landscape. A major utility company has engaged LTIMindtree to support the management and integration of applications across multiple ERP systems. A foreign government organisation has entrusted LTIMindtree with implementing a digital transformation initiative to overhaul its tax system and modernize the tax administration process. A leading recycling organisation in the Nordics has chosen LTIMindtree for a Managed service deal. A leading US-based Oil & Gas major has entrusted LTIMindtree with a multi-delivery contract to cater across Cloud, Data, SAP, and AI services. Partnerships LTIMindtree was honored with the 'Diversity in Security' award at the 2025 Microsoft Security Excellence Awards event, organized by the MISA. This award emphasizes the company's dedication to promoting inclusive security teams and providing innovative security solutions seamlessly integrated with Microsoft technology for clients around the world. LTIMindtree was honored to be named 'Google Partner of the Year 2025 for Industry Solutions in Manufacturing' for the second year in a row. LTIMindtree has been named a premier partner for AWS's RAPID GenAI assessment program. The program covers use case validation, data security, performance testing, migration, and integration, enabling faster deployment and co-investment in pre-sales. LTIMindtree has been named the '2025 Databricks Business Transformation Partner' of the Year. Presented at the annual Data + AI Summit, the award highlights LTIM's exceptional contributions to driving data and AI-led transformation across industries. LTIMindtree is recognized as the 'FY25 India Partner of the Year' by Boomi. As a valued Boomi partner, LTIMindtree has been instrumental in assisting joint customers in optimizing their business operations through Agentic AI, intelligent connectivity, and automation solutions. At the annual Snowflake Summit 2025, LTIMindtree was honored with the 'Manufacturing & Industrials Data Cloud Services Partner of the Year' award by Snowflake, the AI Data Cloud company. Recognitions LTIMindtree positioned as a Leader in ISG's Provider Lens™ SAP Ecosystem 2025 for 'RISE with SAP Implementation' and 'SAP Business AI & BTP services' globally. LTIMindtree positioned as a Leader in ISG's Provider Lens™ Evaluation for Duck Creek Services Ecosystem 2025. LTIMindtree recognized as a Leader in HFS Horizons: Energy & Utilities Service Providers, 2025. LTIMindtree recognized as a Leader in Everest Group: Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Intelligent Process Automation Solutions PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Healthcare Data, Analytics and AI Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as a Disruptor in HFS Horizons: Insurance Services, 2025. About LTIMindtree LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 83,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Earnings Conference Call
Business Upturn
5 hours ago
- Business Upturn
Nifty 50 top losers today, July 17: Tech Mahindra, IndusInd Bank, Infosys, Wipro, SBI Life and more
By Aman Shukla Published on July 17, 2025, 15:40 IST Indian stock markets ended lower on July 17, 2025, with both benchmark indices slipping into the red. The Nifty 50 closed at 25,111.45, down 100.60 points or 0.40%, while the BSE Sensex dropped 375.24 points or 0.45% to settle at 82,259.24. Several Nifty 50 heavyweights witnessed notable declines. Among the biggest losers of the day were well-known names such as Tech Mahindra, IndusInd Bank and Infosys. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 17 Tech Mahindra fell 2.7% , closing at ₹1,564.2 — the biggest loser of the day. IndusInd Bank dropped 1.9% , ending at ₹863. Infosys declined 1.7% , finishing at ₹1,581. Wipro slipped 1.5% , closing at ₹258.8. SBI Life Insurance fell 1.5% , ending at ₹1,802.4. HCL Technologies was down 1.2% , closing at ₹1,544.2. Eternal dropped 1.0% , finishing at ₹259.8. Tata Consultancy Services declined 0.8% , closing at ₹3,207.7. Larsen & Toubro slipped 0.7% , ending at ₹3,478.6. Axis Bank was down 0.6%, closing at ₹1,161. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash IndusInd bankInfosysSBI LifeStock MarketTech MahindraWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
