Wipro announced a 21% rise in net profit for Q2 FY25, reaching ₹3,209 crore, compared to ₹2,646 crore in the same quarter last year. The IT services giant also declared a 1:1 bonus share issue, rewarding shareholders amid a challenging market environment.
Revenue for the July-September quarter declined slightly by 1% year-on-year to ₹22,302 crore, falling short of the projected ₹22,219 crore. The company reported total bookings of $3.56 billion, with large deal bookings amounting to $1.49 billion, reflecting a 28.8% increase sequentially.
The operating margin of Wipro’s IT services business expanded to 16.8% due to cost optimization and improved utilization. “We saw strong performances in the key sectors of BFSI, Consumer, and Technology,” highlighted CEO Srini Pallia.
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Source: Moneycontrol
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