Wipro Q1 Results Updates: Results better than expected

Wipro Q1 Results Updates: Results better than expected -

1) Wipro Q1 Results Updates: Bengaluru-based IT Services provider Wipro Ltd. reported its results for the June quarter after market hours on Thursday, July 17, becoming the fourth IT company on the Nifty 50 index after TCS, Tech Mahindra and HCLTech to do so. Wipro's revenue in constant currency terms declined by 2% sequentially, which was in-line with expectations and at the mid-point of the guidance of -3.5% to -1.5%. Watch this space for all the live updates. 2) Wipro ADR Jumps Over 3% on NYSE after Indian IT firm’s earnings 3) Information technology major Wipro Ltd. expects the company’s performance to get better in the second half of the financial year 2025-26 (Apr-Mar), supported by a strong order book and healthy deal pipeline, the management said at a post-earnings virtual press conference. In the June quarter, the company had a total deal contract value of $4.97 billion in constant currency terms, up over 24% on quarter. 4) The company expects this growth in deal wins to continue in the future, its management said, adding that it is seeing strong deal momentum in the Americas region. During the June quarter, the company’s large deal bookings, in constant currency terms, rose around 50% sequentially to $2.67 billion. It had 16 large deals in the quarter, including two “mega” deals. “…several of these wins were driven by vendor consolidation, where we continue to build strong momentum,” said Srini Pallia, chief executive officer and managing director. 5) Overall results are better than expected. 6) All this is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24