Wipro Limited, a leading technology services and consulting company, has released its financial results for the first quarter of FY2025. Despite industry challenges, Wipro’s performance reflects both resilience and strategic adjustments.
Wipro Q1 FY2024 Highlights
Wipro’s Q1 FY2024 revenue reached ₹22,310 crore, showing growth from the same period last year. The company reported a profit before tax of ₹3,975 crore, indicating positive momentum.
The tech giant reported voluntary attrition at 14.1 percent on a trailing 12-month basis. Utilization at the company was at a high of 87.7 percent.
Wipro added 337 employees in Q1 FY2025, reversing the declining headcount trend observed over the past six quarters. The company is reassessing its hiring models to focus on improving utilization rates among existing employees while lowering attrition.
Total headcount for the quarter stood at 234,391, this is 15,367 fewer employees YoY from Q1FY24.
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Wipro secured large deals amounting to $4.6 billion, marking a YoY increase of 17.4%. The company’s IT services operating margin for Q1 FY2024 was 16.4%, reflecting a 40 bps QoQ increase. The company reported operating cash flows of ₹52.2 billion, representing a 9.0% QoQ increase and 182.6% of net income for the quarter.
Aparna Iyer, CFO, reported a Q1 FY25 margin of 16.5%, up 42 bps Y-o-Y, and a 10% Y-o-Y EPS increase. Operating cash flows stand strong at 131.6% of net income, boosting investment and cash balance to $5.4 billion.
Company Size and Culture
Wipro operates globally, serving clients across various industries in over 60 countries through its network of offices and delivery centers. The company is known for its employee-centric culture and strong focus on work-life balance.
They provide robust training programs with a focus on both technical skills and soft skills development. This could be a good fit if you prioritize a sustainable work pace combined with continuous learning opportunities.
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