NEW DELHI: IT services major Wipro on Thursday posted a 35.6 per cent rise in its consolidated net profit for the first quarter ended June 30, the company informed in a regulatory filing to the bourses.
The company registered a profit of Rs 3,242.6 crore in the period under consideration as against Rs 2,390.4 crore posted in same quarter last year.
In terms of quarter on quarter growth, Wipro posted a 9 per cent rise in net profit from Rs 2,972 crore in the previous quarter.
Wipro expects revenue from IT Services business to be in the range of $2,535 million to $2,583 million. This translates to a sequential growth of 5 per cent to 7 per cent.
The company’s IT services workforce crossed the milestone of the 2 lakh mark with the total headcount at 2,09,890.
In June 2021, Wipro issued its first-ever dollar-denominated bond offering of $750 million with a 5-year tenor.
Commenting on the results, CEO and managing director of Wipro Thierry Delaporte said, “Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, sectors and GBLs. Our sequential revenue growth of 12.2 per cent was well ahead of the top-end of our guidance range, both organically and with Capco.”
Its revenue from operations increased by 22.3 per cent to Rs 18,252.4 crore in the reported quarter from Rs 14,913.1 crore in the same period last fiscal.
Jatin Dalal, chief financial officer of Wipro said, “We delivered a robust growth in EPS of 41 per cent YoY even as we continued to invest for growth. At 103.7 per cent of our net income, our operating cash flows for the quarter remained healthy. I am also pleased to share that we have successfully issued our debut bond offering in the international markets for $750 million.”
(With inputs from agencies)
The company registered a profit of Rs 3,242.6 crore in the period under consideration as against Rs 2,390.4 crore posted in same quarter last year.
In terms of quarter on quarter growth, Wipro posted a 9 per cent rise in net profit from Rs 2,972 crore in the previous quarter.
Wipro expects revenue from IT Services business to be in the range of $2,535 million to $2,583 million. This translates to a sequential growth of 5 per cent to 7 per cent.
The company’s IT services workforce crossed the milestone of the 2 lakh mark with the total headcount at 2,09,890.
In June 2021, Wipro issued its first-ever dollar-denominated bond offering of $750 million with a 5-year tenor.
Commenting on the results, CEO and managing director of Wipro Thierry Delaporte said, “Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, sectors and GBLs. Our sequential revenue growth of 12.2 per cent was well ahead of the top-end of our guidance range, both organically and with Capco.”
Its revenue from operations increased by 22.3 per cent to Rs 18,252.4 crore in the reported quarter from Rs 14,913.1 crore in the same period last fiscal.
Jatin Dalal, chief financial officer of Wipro said, “We delivered a robust growth in EPS of 41 per cent YoY even as we continued to invest for growth. At 103.7 per cent of our net income, our operating cash flows for the quarter remained healthy. I am also pleased to share that we have successfully issued our debut bond offering in the international markets for $750 million.”
(With inputs from agencies)
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