IT services major Wipro, which announced its March quarter earnings today, said that the Rs 6 per share interim dividend declared by its board on January 17, 2025 will be considered as final dividend for the financial year 2024-25.
Wipro on Wednesday reported a net profit of Rs 3,570 crore for the fourth quarter ended March 2025, up 26% from Rs 2,835 crore in the year-ago period. The profit beat Street expectations of Rs 3,290 crore. Revenue from operations in the quarter rose 1% year-on-year (YoY) to Rs 22,504 crore, compared to Rs 22,208 crore in the same period last year.
The results were announced after market hours and Wipro shares today ended up at Rs 247.60 on the NSE, gaining by Rs 3.60 or 1.48% over the Tuesday closing price.
The IT services segment revenue stood at $2,596.5 million in the fourth quarter, reflecting a decline of 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT services revenue decreased 0.8% QoQ and 1.2% YoY.
"We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement," said Srini Pallia, CEO and MD of Wipro.
Outlook for the Quarter ending June 30, 2025
The company expects revenue from the IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms.
Read More: Wipro Q4 Results: PAT rises 26% YoY to Rs 3,570 crore, beats estimates
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Wipro on Wednesday reported a net profit of Rs 3,570 crore for the fourth quarter ended March 2025, up 26% from Rs 2,835 crore in the year-ago period. The profit beat Street expectations of Rs 3,290 crore. Revenue from operations in the quarter rose 1% year-on-year (YoY) to Rs 22,504 crore, compared to Rs 22,208 crore in the same period last year.
The results were announced after market hours and Wipro shares today ended up at Rs 247.60 on the NSE, gaining by Rs 3.60 or 1.48% over the Tuesday closing price.
The IT services segment revenue stood at $2,596.5 million in the fourth quarter, reflecting a decline of 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT services revenue decreased 0.8% QoQ and 1.2% YoY.
"We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement," said Srini Pallia, CEO and MD of Wipro.
Outlook for the Quarter ending June 30, 2025
The company expects revenue from the IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms.
Read More: Wipro Q4 Results: PAT rises 26% YoY to Rs 3,570 crore, beats estimates
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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