Wipro Limited ( (WIT) ) has released its Q3 earnings. Here is a breakdown of the information Wipro Limited presented to its investors.
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Wipro Limited is a leading technology services and consulting company that provides innovative solutions for complex digital transformation needs, serving clients across various industries globally.
Wipro Limited has announced its financial results for the quarter ended December 31, 2024, reporting a slight increase in gross revenue and significant growth in net income year-over-year. The company achieved its highest operating margin in three years, surpassing its revenue guidance for the quarter.
Key financial highlights include a 0.1% quarter-over-quarter and 0.5% year-over-year increase in gross revenue, reaching ₹223.2 billion. The IT services segment saw a slight decline, while net income increased by 24.5% year-over-year, reaching ₹33.5 billion. The operating margin improved to 17.5%, marking a 0.7% quarter-over-quarter increase. Wipro also declared an interim dividend and revised its capital allocation policy to increase payout percentages. Strategic deals were secured in various sectors, enhancing Wipro’s market presence and service offerings.
The company has secured numerous strategic deals across multiple industries, including healthcare, media, banking, and telecommunications, highlighting its focus on leveraging AI and automation to drive client growth and efficiency. Wipro’s capabilities in digital transformation continue to attract major clients worldwide.
Looking ahead, Wipro expects continued growth, with revenue from its IT services business projected to remain stable or grow slightly in the next quarter. The company remains focused on advancing its strategic initiatives and leveraging its expertise to lead in the AI-driven future.
