Latest news with #AparnaIyer
Business Standard
3 days ago
- Business
- Business Standard
Wipro gains as Q1 PAT jumps 11% YoY to Rs 3,330 cr; declares dividend of Rs 5/sh
Wipro rose 2.66% to Rs 266.55 after the IT major's consolidated net profit jumped 10.89% to Rs 3,330.4 crore on 0.77% rise in revenue from operations to Rs 22,135 crore in Q1 FY26 over Q1 FY25. On a quarter on quarter (QoQ) basis, the IT firms net profit declined 6.7%, while revenue rose 1.64% in Q1 FY26. Profit before tax was at Rs 4,258.3 crore during the quarter, down 10.29% quarter on quarter (QoQ) but up 5.89% (YoY). In dollar terms, Wipro's gross revenue for Q1 FY26 stood at $2,581.6 million, registering a 1.6% decrease QoQ and a 0.8% rise YoY. The revenue from its IT services segment was $2,587.4 million, marking a decline of 2.0% QoQ and 2.3% YoY. In Q1 FY26, Wipro's IT services segment reported an operating margin of 17.3%, contraction of 0.2% QoQ and expansion of 0.8% YoY. The Non-GAAP constant currency revenue for the IT services segment decreased by 2.0% QoQ and 2.3% YoY. During the quarter, the IT Companys total booking was at $4,971 million, up by 24.1% QoQ and 50.7% YoY in constant currency. Large deal booking was at $2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency. The company said that its closing employee count in IT Services stood at 233,232. Voluntary attrition was at 15.1% on a trailing 12-month basis. For the quarter ending 30 September 2025, Wipro expects revenue from its 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. 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 - its central to our clients strategies, and we are delivering real impact at scale. Aparna Iyer, chief financial officer (CFO), 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 Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn. Meanwhile, the company has announced an interim dividend of Rs 5 per equity share, for its members as of the record date, 28 July 2025. The payment will be made on or before 15 August 2025. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.
Times of Oman
3 days ago
- Business
- Times of Oman
Wipro reports 0.8% yearly rise in gross revenue in Q1 2025-26
Bengaluru: Technology services and consulting company Wipro on Thursday announced financial results for the quarter ended June 30, 2025. The company reported gross revenue at Rs 221.3 billion (USD 2,581.6 million), a decrease of 1.6 per cent quarter-on-quarter and an increase of 0.8 per cent year-on-year. The IT services segment revenue was at USD 2,587.4 million, a decrease of 0.3 per cent QoQ and 1.5 per cent YoY. The IT services operating margin for the quarter was at 17.3 per cent, a contraction of 0.2 per cent QoQ and expansion of 0.8 per cent YoY. The net income for the quarter was at Rs 33.3 billion (USD 388.4 million), a decrease of 6.7 per cent QoQ and an increase of 10.9 per cent YoY. Srini Pallia, CEO and Managing Director, said, "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. 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 per cent 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 USD 1.3 Bn." Wipro said it expects revenue from the IT Services business segment to be in the range of USD 2,560 million to USD 2,612 million in the July-September quarter. This translates to sequential guidance of (-) 1.0 per cent to 1.0 per cent in constant currency terms. Wipro has over 230,000 employees and business partners across 65 countries.
Time of India
4 days ago
- Business
- Time of India
Wipro revenue drops 2.3% in June quarter
File photo BENGALURU: Wipro's revenue declined by 2.3% in constant currency during the June quarter, though the drop remained within its projected guidance range of –3.5% to –1.5%. 'We started the quarter facing significant macro uncertainty, which kept overall demand muted. Our clients prioritised initiatives with immediate impact, focusing on cost optimisation and vendor consolidation. At the same time, they accelerated their AI, data, and modernisation programs. We saw a clear trend of many AI projects moving to scale and production,' said Wipro CEO Srini Pallia. Operating margins fell to 17.3% in the June quarter from 17.5% in the March quarter of last fiscal, though this marked an 80-basis-point improvement year-on-year. 'In Q1 we delivered 17.3%, which is a 20-basis-point movement. If you look at forex, it's really flattish. Our utilisation has been flattish. We've had some savings in selling, general and administrative expenses, and we had the revenue decline being offset through operational improvements. That's broadly how I would characterise the margins for the quarter,' said CFO Aparna Iyer. Q1FY26 Snapshot Despite modest revenue performance, Wipro reported strong deal wins, with total contract value (TCV) reaching $5 billion—a 50.7% year-on-year increase. Large deals contributed $2.7 billion, up 131% year-on-year. Iyer noted that execution of these large deals would span 6–8 quarters, with stronger impact expected in the second half of the fiscal. Most of these deals focused on cost reduction and vendor consolidation. Across geographies, the Americas grew 1.5% year-on-year in constant currency, maintaining strong deal momentum. Revenue in APMEA remained flat, supported by digital spending in India, the Middle East, and Southeast Asia. Pallia said Europe continued to face headwinds, with clients prioritising competitiveness. 'In BFSI, demand is strong and steady,' he said. Wipro has guided for sequential revenue growth of -1% to 1% in constant currency for the Sept quarter. Wipro's workforce declined by 114 employees, bringing total headcount to 233,232 at the end of the June quarter. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
4 days ago
- Business
- India.com
Good news for Azim Premji, Wipro earns Rs 33360000000 due to…, revenue rises marginally to…
Azim Premji- File image IT giant Wipro on Thursday reported a 9.8% rise in consolidated profit after tax, reaching Rs 3,336.5 crore for the June quarter. In the same period last year, the company had posted a profit after tax of Rs 3,036.6 crore, according to a regulatory filing. The consolidated revenue from operations of Wipro was up marginally to Rs 22,134.6 crore during the April-June period from Rs 21,963.8 crore in the year-ago period. Sequentially, profit and revenue declined by 7 per cent and 1.6 per cent, respectively. Total bookings during the quarter under review stood at USD 4,971 million, up by 50.7 per cent year-on-year in constant currency. Large deal bookings brought in USD 2,666 million, an increase of 130.8 per cent year-on-year in constant currency. Wipro Q1 Results Wipro's IT Services segment, which forms the core of its business, generated Rs 22,080 crore in Q1 FY26, a year-over-year growth of 0.8 per cent and a sequential decline of 1.6 per cent. The company has given a sequential guidance of -1 per cent to 1 per cent in constant currency terms. It expects revenue from its IT services segment to be in the range of USD 2,560 million to USD 2,612 million in the September quarter. The IT Products segment generated Rs 72.8 crore in Q1 FY26, a year-over-year growth of 55.2 per cent. Banking, Financial Services and Insurance (BFSI) remained the largest contributor, accounting for 33.6 per cent of IT Services revenue, but saw a revenue decline of 3.8 per cent in constant currency terms. The consumer sector represented 18.6 per cent of IT Services revenue, registering a 5.7 per cent decline in constant currency. In Energy, Manufacturing and Resources, which made up 17.7 per cent of segment revenue, performance was down by 2.4 per cent in constant currency. Technology and Communications accounted for 15.5 per cent of revenue and was nearly flat for the quarter, dropping 0.3 per cent in constant currency. The Health segment stood out as the only vertical in the positive, contributing 14.6 per cent of segment revenue and delivering a 3.5 per cent growth in constant currency. Employee benefits expense stood at Rs 13,427.5 crore in Q1 FY26, representing 60.6 per cent of revenue from operations. Wipro Q1 Results Dividend Wipro's employee count reduced by 114 quarter-on-quarter during Q1 FY26, bringing the total to 233,232. Wipro declared an interim dividend of Rs 5 per equity share of par value Rs 2 each to the members of the company, payable on or before August 15, 2025. Wipro CFO Aparna Iyer said that the company will endeavour to pay dividends twice a year, once along with the Q2 results and then along with the Q3 results. (With Inputs From PTI)
News18
4 days ago
- Business
- News18
Wipro Announces Interim Dividend Of Rs 5 Per Equity Share; Check Record Date
Wipro Dividend 2025 Record Date: Wipro Ltd announced an interim dividend for its shareholders alongside its Q1 FY26 results Wipro Dividend 2025 Record Date: Wipro Ltd announced an interim dividend for its shareholders alongside its Q1 FY26 results on July 17, 2025. The company's board has declared an interim dividend of Rs 6 per share, with July 28, 2025, set as the record date for determining the eligible shareholders. The dividend will be paid on or before August 15, 2025, as stated in the company's exchange filing. 'Payment of interim dividend of ~ 5 per equity share of par value ~ 2 each to the Members of the Company as on July 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before August 15, 2025," the company said. Wipro Q1FY26 Results IT services major reported a 9.87% year-on-year (YoY) increase in consolidated net profit at Rs 3,336.5 crore for the quarter ended June 30, 2025. This compares to a profit of Rs 3,036.6 crore in the same quarter last year, as per the company's regulatory filing. Revenue from operations during the April–June 2025 period stood at Rs 22,134.6 crore, marking a modest growth of 0.78% from Rs 21,963.8 crore reported in Q1FY25. 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 Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 billion." On July 17, Wipro Ltd shares on NSE closed 1.5% lower at Rs 258.75 apiece. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
