Latest news with #TCV
Mint
6 days ago
- Business
- Mint
Wipro share price gains 4% post Q1 results. Dividend announcement: Should you buy or sell the stock?
Stock Market Today: Wipro share price gains 4% in the morning trades on Friday post Q1 results declared after the market hours on Thursday. Wipro also announced a dividend. Should you buy or sell the stock? The Bengaluru-based company posted a consolidated net profit of ₹ 3,336 crore in Q1FY26, representing a 10% YoY increase. though on a sequential basis the Wipro net profit declined 7%. Its constant currency revenue fell both sequentially and year-on-year, coming in at $2,590 million, down 2% sequentially and 2.3% YoY, but beating expectations. The IT segment's revenue was $2,587.4 million, a 0.3% decrease from the previous quarter and 1.5% year-on-year. The Q1 performance came in line with or slightly higher than analysts estimates. The deal wins also remained strong, which enthused analysts, though some remain watchful on execution. JM Financial Institutional Securities said that WPRO's 1Q performance met expectations. With margins now within WPRO's goal range of 17-17.5%, the company's focus has shifted strongly toward growth. as per JMFL A TCV of $5 billion at a book-to-bill ratio of 1.9x is the highest among peer groups, providing compelling evidence. The company secured two large deals for more than $500 million in the first quarter, following a 500 million pound contract in the fourth. WPRO's competitive positioning and better win rates are highlighted by these multi-vendor engagements, which are generally overlooked as per JMFL. JMFL has raised FY26 and FY27 estimated constant currency revenues but lowered margin estimates slightly. Though EPS neutral, improving growth prospects should be reflect in better multiples, as per JMFL, who has reiterated BUY ratings on the stocks with a revised target price of ₹ 320 (from ₹ 310 earlier) Motilal Oswal Financial Services model a 1.3% year-on-year constant currency revenue decline for FY26, factoring in a soft start (1Q services revenue was down 2.0% sequentially in constant currency), muted Q2 guidance, and a gradual recovery in the second half as large deal ramp-ups begin to reflect in revenue. While strong deal TCV and early signs of stabilization in Europe prompt a slight upward revision to our FY26 and FY27 estimates (by 2%), they see limited room for margin expansion from current levels. Motilal Oswal Financial Services said that further improvement in execution and sustained conversion of deal TCV to revenue will be key for a constructive view The target price of MOFSL for Wipro Share price stands at ₹ 230
Mint
7 days ago
- Business
- Mint
Wipro Q1 results: Net profit jumps 10% YoY to ₹3336 crore; interim dividend declared
Wipro Q1FY26 results: Wipro, the country's fourth-largest IT company, released its June quarter results today, July 17, post-market hours. The Bengaluru-based company reported a net profit of ₹ 3,336 crore, marking a 7% QoQ decline but an 10% YoY growth, which came in above analysts' projections of ₹ 3,268 crore. Its constant currency revenue declined both sequentially and year-on-year in, coming in at $2,590 million, down 2% QoQ and 2.3% YoY. The revenue from the IT segment came in at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. In rupee terms, revenue came in at ₹ 22,134 crore as against ₹ 21,964 crore in Q1FY25, which came above the analysts' estimates of 21,829 crore. The EBIT margin has expanded by 80 basis points YoY, reaching 17.3%, supported by operational efficiencies and cost control measures. The company expects revenue from its IT Services business segment to be in the range of $2,560 million to $2,612 million in Q2FY26, translating to a sequential growth guidance of -1.0% to 1.0% in constant currency terms. Harshal Dasani, Business Head at INVasset, said, 'While macro headwinds persist, the Q1 results offer a reassuring blend of earnings beat, consistent free cash flow, and capital return. For long-term investors, the interim dividend and guidance retention provide a measured dose of optimism, with the coming quarters critical to confirm the earnings recovery story.' Wipro reported total bookings (Total Contract Value or TCV) of $4,971 million, showing a sequential improvement compared to $3,955 million in the previous quarter. On a year-on-year basis, bookings also increased from $3,284 million in the same quarter last year. Large deal TCV stood at $2,666 million, up from $1,154 million in the March quarter and $1,154 million in the year-ago period. 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," Srini Pallia further added. The company, alongside the release of its June quarter performance, announced a dividend of ₹ 5 per share to its shareholders, setting July 28, 2025, as the record date for determining the eligible shareholders. The dividend is scheduled to be paid on or before August 15, 2025, according to 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,' said the company in an exchange filing.
Time of India
17-07-2025
- Business
- Time of India
L&T Tech shares in focus after Q1 profit edges up, revenue rises 16% YoY
L&T Tech shares: Operating revenue increased by 16% year-on-year to ₹2,866 crore in Q1FY25, up from ₹2,462 crore in the same quarter last year. However, it saw a 4% decline compared to the previous quarter's ₹2,982 crore. Profit after tax (PAT) rose 1.5% quarter-on-quarter, reaching ₹311 crore in Q4FY25. Tired of too many ads? Remove Ads Management commentary Tired of too many ads? Remove Ads Guidance Shares of L&T Technology Services (LTTS) will be in focus on Thursday after the company reported a marginal 0.7% year-on-year (YoY) increase in consolidated net profit for the June 2025 quarter at Rs 316 crore, compared to Rs 314 crore in the same period last from operations rose 16% YoY to Rs 2,866 crore from Rs 2,462 crore in Q1FY25. However, revenue declined 4% sequentially from Rs 2,982 crore in the March quarter. Profit after tax (PAT) was up 1.5% quarter-on-quarter from Rs 311 crore in revenue for the quarter stood at $335.3 million, down 2.9% QoQ but up 13.6% YoY. In constant currency terms, revenue declined 4.2% QoQ and increased 12.8% YoY. EBIT stood at Rs 381 crore with an EBIT margin of 13.3%.Commenting on the company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six over $10 million deals."In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates the product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross-pollination approach," he by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
16-07-2025
- Business
- Time of India
L&T Tech Q1 Results: Cons PAT up marginally YoY, revenue surges 16%
L&T Technology Services reported a marginal 0.7% increase in its June quarter consolidated net profit at Rs 316 crore versus Rs 314 crore reported by the company in the year ago period. Company's revenue from operations in Q1FY26 stood at Rs 2,866 crore compared to Rs 2,462 crore in the corresponding quarter of the last financial year, jumping by 16%. The profit after tax (PAT) was up by 1.5% on the quarter-on-quarter basis versus Rs 311 crore reported in Q4FY25 while the topline fell 4% versus Rs 2,982 crore in the January-March quarter. Explore courses from Top Institutes in Select a Course Category Healthcare Design Thinking Management PGDM Public Policy Data Science Finance MBA Others Leadership Technology Project Management healthcare Degree Artificial Intelligence others Operations Management Digital Marketing CXO Data Science MCA Product Management Data Analytics Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo LTTS' dollar revenue stood at $335.3 million for the quarter under review, declining 2.9% QoQ while rising by 13.6% YoY. In constant currency terms, revenue was down 4.2% QoQ and up 12.8% YoY. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBIT) was reported at Rs 381 crore in the quarter gone by while EBIT margin stood at 13.3%. Management commentary Commenting on company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six in excess of $10 million deals. Live Events "In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said. Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross pollination approach," he informed. Guidance Backed by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.
Mid East Info
16-07-2025
- Business
- Mid East Info
Tech Mahindra reports EBIT of ₹ 1,477 Crores, up 34% YoY; YoY margins expand by 260 bps; New deal-wins at USD 809 Mn – YoY growth of 51%
Noida – July 16th, 2025: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries announced the audited consolidated financial results for the quarter ended June 30, 2025. Financial highlights for the quarter (USD) · Revenue at USD 1,564 mn; up 0.4% YoY · EBIT at USD 172 mn; up 30.2% YoY · EBIT Margin 11.1%; up 260 bps YoY · Profit after tax (PAT) at USD 133 mn; up 30.2% YoY · PAT Margin 8.5%; up 190 bps YoY · Free cash flow at USD 86 mn · New deal wins TCV USD 809 mn Financial highlights for the quarter (₹) · Revenue at ₹ 13,351 crores; up 2.7% YoY · EBIT at ₹ 1,477 crores; up 34.0% YoY · Consolidated PAT at ₹ 1,141 crores; up 34.0% YoY · Diluted Earnings per share (EPS) at ₹ 12.86 Other Highlights · Total headcount at 148,517; up 897 YoY · LTM IT attrition at 12.6% · Days of Sales Outstanding 95 days; up 2 days YoY · Cash and Cash Equivalent at the end of the quarter ₹ 8,072 crores Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, 'Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies.' Rohit Anand, Chief Financial Officer, Tech Mahindra, said, 'We have delivered seven consecutive quarters of margin expansion – a clear reflection of the discipline and focus across our organization. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements.' Key Deal Wins Selected as a key 'growth partner' by one of US-based leading consumer wireless operators for its Customer Operations transformation. The designation as a 'growth partner' unlocks the door to all future opportunities as per the client's new sourcing strategy. Tech Mahindra was selected by a Railroad company in the Americas region for the support and development of a portfolio of applications across multiple corporate functions of the company and across multiple technologies including SAP, Salesforce, and data analytics, amongst others. Tech Mahindra was selected by a leading US-based Hi-Tech company to help them deliver to their end customers a truly immersive and enriched user experience on one of their flagship consumers focused product which is powered by their AI and LLM platform. TechM will ensure that the consumer product with 2.0 billion+ active users have enriched user experience including keeping the platform safe. Tech Mahindra was chosen as strategic partner by UK-based manufacturer to drive digital transformation by establishing a Shared Services Center. TechM will deliver end-to-end IT, digital solutions, and BPS services focused on transforming the customer's enterprise back office – enhancing experience, efficiency, agility, and resilience – delivering superior business outcomes. Tech Mahindra was selected by a leading global fashion apparel brand for a multi-year strategic engagement to provide digital and data transformation and support services. The scope includes SAP, Cloud, Data & AI, and Digital Commerce platforms, with a dedicated Global Capability Center or GCC to drive innovation, cost efficiency, and business agility. Tech Mahindra was selected by a leading global insurance and asset management company's Japanese subsidiary to consolidate, modernise, and digitise its IT systems and operations, enabling the client to adopt cloud-native applications, revamp their enterprise architecture, accelerate AI adoption, and bring innovative products to market more quickly. Tech Mahindra was selected as a Prime partner with a leading UK based Telco for a multi-service line deal to deliver and manage applications across its fixed and mobile networks. The scope includes delivering services across ADMS, Network Services, Next-Gen Services, Engineering Services and Digital Enterprise Applications. Tech Mahindra was selected by a leading international telecom company in the MEA region for a transformation and managed services deal to manage, centralise, and transform its various IT functions. Customer will benefit by reducing its TCO due to transformed ways of working, increased automation and AI. Business Highlights Tech Mahindra announced the launch of a new managed services offering for Cisco Multicloud Defense, a component of Cisco's Hybrid Mesh Firewall. The new offering provides enterprises a robust cloud security solution that enables secure, scalable, and seamless operations across multi-cloud environments. The new collaboration delivers multidirectional protection across any public or private cloud – blocking inbound attacks, lateral movement, and data exfiltration using a single SaaS control plane, eliminating inefficient, complex, and costly point solutions. Tech Mahindra was named a Red Hat Premier Partner globally. As a Red Hat Premier Partner, TechM gains access to technical resources, joint go-to-market opportunities, and extended collaboration with Red Hat's product and services teams. In collaboration with Red Hat, TechM has engineered over 15 solutions as part of its GTM strategy, spanning automation, edge intelligence, and AI-driven cloud-native capabilities powered by Red Hat OpenShift, Red Hat Ansible Automation Platform, and other platforms. Tech Mahindra announced a partnership with ServiceNow to deliver next-generation broadband solutions tailored for Communication Service Providers (CSPs). The partnership offers comprehensive vertical solutions stack that includes planning and building networks, managing operations, enhancing customer experience, and monetising services, by leveraging TechM's platform – a pre-integrated end-to-end solution built on ServiceNow® TMT product suites. The solution also provides AI-driven analytics, Network-as-a-Service (NaaS), Cloud-native Open-Source Software (OSS) systems and intelligent automation to streamline operations and capitalise on the fast-growing 'Everything-as-a-Service' opportunity. Through the solution, CSPs will be able to improve operational efficiencies by up to 50%, ensuring accelerated time-to-market and scalable broadband rollouts. Tech Mahindra and CrateDB, a data management company, announced a strategic partnership at Hannover Messe 2025, the world's premier trade fair for industrial technology to revolutionise the automotive, manufacturing, and smart factory sectors by delivering advanced agentic AI solutions that leverage real-time data analytics, enabling businesses to drive innovation and efficiency at scale. The partnership will unlock the full value of data for industrial customers by leveraging CrateDB's open-source, multi-model, distributed database, while TechM will provide advanced capabilities to optimise supply chains, improve predictive maintenance models, and ensure higher quality control standards across operation centres. Tech Mahindra announced a partnership with Nuix (AXS: NXL), a global leader in AI-powered investigative analytics and intelligence software to provide innovative, scalable solutions for cyber and fraud detection. The partnership will leverage TechM's extensive expertise in AI, Digital Engineering, and Cyber Risk Management to integrate Nuix's advanced investigative and data analytics solutions into its services, unlocking significant global sales opportunities with the Nuix Neo Solutions by assisting customers in managing data breaches, preventing fraud, and protecting Personally Identifiable Information (PII) in industries with stringent regulatory and compliance requirements, including in BFSI, telecommunications, and public sector companies. Tech Mahindra and KOGO AI, a category-defining provider of Agentic AI infrastructure, announced a strategic collaboration to jointly build and deliver next-gen enterprise AI solutions and agents — designed for autonomy, scale, and compliance. Unlike traditional partnerships, this alliance is rooted in co-innovation focused on building intelligent AI agents for host of cross enterprise use-cases, designing Private AI architectures that run on-prem, hybrid, or secure cloud environments, integrating with legacy systems to drive transformation without overhauling infrastructure and driving outcomes in various industries through domain-specific AI deployments. Awards and Recognitions Awarded the 'TM Forum Upskilling Award' at DTW Ignite 2025 (DTW), reaffirming TechM's continued leadership in building a future-ready workforce that empowers Communication Service Providers (CSPs) to navigate and lead in an increasingly autonomous and platform-driven telecom landscape. Recognised as one of the 'Best Organisations to Work' for 2025 at ET NOW Best Organisations to Work 2025. Recognised as one of the 'Most Innovative Organisations' of 2025 at ET NOW Most Innovative Organisations 2025. Recognised as one of the 'Most Sustainable Organisations' of 2025 at ET Edge 4th edition of Sustainable Organisations 2025. Recognised amongst the 'Champions of Green Business Practices' by ET Edge at Times Now Global Sustainability Alliance – Sustainable Organisations 2025. Included in Sustainalytics 2025 ESG Top-Rated Companies list and recognised as both 'Region Top Rated' and 'Industry Top Rated' for outstanding performance in sustainability practices. Recognised as a constituent of the FTSE4Good Index Series for the 9th consecutive year. The only Indian IT company to receive the highest 'A' rating across all three CDP categories: Climate Change, Water Security, and Supplier Engagement. Analyst Ratings & Recognitions Recognised with the ISG Star of Excellence™ – 2024 award for the APAC region. The recognition from ISG (Information Services Group), highlights TechM's exceptional customer experience (CX) performance by attaining the highest regional customer experience rating in APAC. Leader – Aerospace and Defense Services and Solutions 2025-Engineering, Design, and Innovation – Overall Ecosystem – Europe and US by ISG Leader – Aerospace and Defense Services and Solutions 2025-Maintenance, Repairs and Overhaul (MRO) and Aftermarket – Overall Ecosystem – Europe and US by ISG Leader – Google Cloud Partner Ecosystem 2025 – GenAI and AI Services – US by ISG Leader – Google Cloud Partner Ecosystem 2025 – Professional Services – (Consulting and Migration) – US and APAC by ISG Leader – Google Cloud Partner Ecosystem 2025 – Managed Services- US and APAC by ISG Leader – Google Cloud Partner Ecosystem 2025 – Enterprise Data Infrastructure Services – US by ISG Leader – Private/Hybrid Cloud – Data Center Services 2025 – Managed Services — Midmarket- Nordics by ISG Leader – Cybersecurity Services and Solutions 2025 – Technical Security Services – Australia by ISG Leader – Cybersecurity Services and Solutions 2025 – Next-Gen SOC/MDR Services (Midmarket) – UK by ISG Leader – Automotive and Mobility Services and Solutions 2025 – Automotive Engineering and Manufacturing Services – North America, Europe, and APAC by ISG Leader – Automotive and Mobility Services and Solutions 2025 – Electric Vehicles and Mobility Services- North America, Europe, and APAC by ISG Leader – Automotive and Mobility Services and Solutions 2025 – Autonomous Systems and Software-defined Vehicles – North America, Europe, and APAC by ISG Leader – Automotive and Mobility Services-and Solutions 2025 – Automotive Retail and Aftermarket Services – North America, Europe and APAC by ISG Leader – Automotive and Mobility Services and Solutions 2025 – Technology Transformation and Consulting- North America and APAC by ISG Leader – Network – Software-Defined Solutions and Services 2025 SD-Networks Transformation Services (Consulting and Implementation) – US and Germany by ISG Leader – Network – Software-Defined Solutions and Services 2025 – Edge Technologies and Services (Including Private 5G) – Germany by ISG Leader – Life Sciences Digital Services 2025 – Clinical Development (Service Providers) – Global by ISG Leader – Life Sciences Digital Services 2025 – Commercial Operations – Digital Evolution (Service Providers) – Global by ISG Leader – Supply Chain Transformation Services for Retail and CPG PEAK Matrix® Assessment 2025 by Everest Group Leader – Retail Services PEAK Matrix® Assessment 2025 by Everest Group Leader – SPARK Matrix™: Procurement Services, 2025 by Quadrant Knowledge Solutions Consolidated Financial Statement for the quarter ended June 30, 2025 drawn under Ind AS About Tech Mahindra Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 148,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies. For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit Our Social Media Channels For Further Queries: Gaurav Sethi Head – Investor Relations Phone: +91 9971152508 Email: Rushabh Jain Associate Manager – Investor Relations Phone: +91 9619267252 Email: Abhilasha Gupta Head – Global Corporate Communications & Public Affairs Phone: +91 9717946080 Email: Leah Jena Associate Manager – Corporate Communications Phone: +91 9348920917 Email: Disclaimer Certain statements in this release concerning the future prospects of Tech Mahindra Limited ('the Company' or 'TechM') are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company's actual results differ materially from such forward-looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
