July 04, 2025 01:38 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘We will cross that bridge when we come to it’: Jaishankar’s response on US bill proposing 500% tariffs | 'We slapped because of his attitude': MNS worker justifies assault on shopkeeper for not speaking Marathi | 'Marathi will have to be spoken in Maharashtra': State minister after MNS workers' assault on shopkeeper | PM Modi conferred with 'The Officer of the Order of the Star of Ghana' | Three Indian nationals abducted in Al-Qaeda-linked group's attack in Mali, MEA expresses 'deep concern' | Pune woman raped by man posing as delivery boy, police probe on | Kolkata gangrape case: West Bengal Bar Council expels prime accused Monojit Mishra | Contempt case: Court sentences former Bangladesh PM Sheikh Hasina to six months in prison | India has every right to defend its people against terrorism: Jaishankar at Quad Meet | Dalai Lama's institution will continue, Trust will recognise his successor
Wipro

Wipro's Q1FY23 net profit declines 21 pc YoY to Rs 2,564

| @indiablooms | Jul 21, 2022, at 02:25 pm

Wipro Ltd (Wipro) Wednesday reported a 20.93 percent year-on-year (YoY) drop in its consolidated net profit at Rs 2,563.6 crore for the quarter ended June against a PAT of Rs 3,242.6 crore recorded during the same period last year.

Profit declined 16.96 percent quarter-on-quarter.

Consolidated total revenue surged 15.51 percent on year to Rs 22,001 crore as compared to the revenue of Rs 19,045 crore registered in the year-ago quarter.

Against the previous quarter, the revenue is higher by 2.98 percent.

IT Services segment revenue was at $2.735.5 million, an increase of 13.3 percent YoY.

IT services' operating margin for the quarter was at 15 percent, a decrease of 200 basis points quarter-on-quarter.

It was down 380 basis points YoY.

“We have made significant investments in Wipro’s growth engine and are very pleased with the outcomes. Our order bookings grew 32 percent YoY in total contract value (TCV) terms, powered by large transformational deals, and our pipeline today is at an all-time high," said Thierry Delaporte, CEO and Managing Director, Wipro.

The company said all strategic market units and global business lines grew in double-digit YoY in constant currency during the April-June period.

It closed 18 large deals resulting in a TCV of $1.1 billion in the quarter.

Wipro's attrition rate stood at marginally lower than 23.8 percent in the previous quarter and significantly higher than 15.5 percent in the same quarter last year.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu