Leading technology services and consultancy, Wipro, on Wednesday reported gross revenue of 215.3 billion rupees ($2.7 billion), a 17.9% year-on-year increase annually, in the first quarter.
In its financial results, reported under International Financial Reporting Standards (IFRS) for the first quarter ended June 30, IT services segment revenue was $2,735.5 million, a increased 13.3%, while non-GAAP2 constant currency IT services segment revenue increased. 2.1% quarter-on-quarter and 17.2% year-on-year.
Net profit for the quarter was 25.6 billion rupees and earnings per share for the quarter was 4.69 rupees ($0.061).
“Our closing headcount of IT services employees was 258,574, an increase of 15,446 QoQ Performance for the quarter ended June 30,” said CEO and Managing Director Thierry Delaporte.
“We have made significant investments in Wipro’s growth engine and are very pleased with the results. Our order bookings grew 32% year-over-year in terms of total contract value, fueled by large transformational deals, and our pipeline is now at an all-time high. We continue to strengthen investments that enable us to grow our business, remain agile in the market and efficient as an organization, while remaining focused on serving our customers even better,” he said.
Chief Financial Officer Jatin Dalal said, “We are constantly investing in solutions and capabilities for our growth to further strengthen our position as a strategic partner for our customers. At 15% operating margins, we believe we have bottomed out. »