Wipro Limited — Updates, 17-01-2025: Press Release

Wipro Limited has reported a modest revenue growth of 0.1% QoQ for the quarter ended December 31, 2024, reaching ₹223.2 billion ($2,608.9 million). The IT services segment experienced a slight decline of 1.2% QoQ, contributing $2,629.1 million to total revenue. Operating margins improved to 17.5%, reflecting a 0.7% QoQ expansion and marking a 12-quarter high. Net income surged by 24.5% YoY to ₹33.5 billion ($392 million), translating to an EPS of ₹3.21 ($0.04), with operating cash flows representing 146.5% of net income.

Strategically, Wipro secured 17 large deals totaling $961 million, demonstrating effective execution during a seasonally weaker quarter. Moving forward, the company anticipates IT services revenue to be in the range of $2,602 million to $2,655 million for the upcoming quarter, indicating a cautious outlook as it navigates potential challenges in the marketplace. The revision of its capital allocation policy to increase the payout to 70% over the next three years and the declaration of an interim dividend of ₹6 ($0.070) per share reflect a proactive approach towards shareholder returns. Investors may view this as a positive signal for Wipro's long-term sustainability and growth trajectory.