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– Lot of the deals we won were cost optimisation and vendor consolidation

– Deals include component of AI, where benefits are passed on customers

– There is uncertainty in the macros with Retail CPG and Manufacturing, particularly impacted

– BFSI deal pipeline is strong

– Clients are focusing on cost optimisation and are spending on AI and data

– Fixed Price Pdts Improved Productivity, Acquired Entities Improved Profitability, Aided Margin

– Endeavour To Hold Margin In Narrow Band, At Approximately 17%+

– There Is A Pricing Pressure For Sure

– Many Large Deals Are For Vendor Consolidation & Cost Takeout

The US-Listed Shares of Wipro are currently trading 0.3% lower after the results announcement in pre-market trading on Wall Street.

Wipro’s constant currency revenue drop of 2% is better than TCS, but its peers like Tech Mahindra and HCLTech have fared better, with a decline of 1.4% and 0.8% respectively during the quarter.

Wipro has also declared a dividend of ₹5 per share.

Record date for the dividend payout as been fixed as July 28, 2025.

Wipro sees revenue growth to be between -1% to +1% during the second quarter in constant currency terms.

Constant currency revenue growth for the quarter declined by 2%, in-line with the CNBC-TV18 poll and was at the mid-point of the Q1 guidance of -3.5% to -1.5%.

– Revenue at ₹22,080 crore, in-line with expectations of ₹22,087 crore

– EBIT for the quarter at ₹3,813 core, marginally higher than estimates of ₹3,787 crore

– EBIT margin at 17.3% compared to poll of 17.1%

Wipro reported results for the June quarter after market hours on Thursday, July 17.

Net profit for the period stood at ₹3,696 crore.

More details to follow.

– Upgrade Wipro To Equal-Weight, Target Price Raised To ₹265

– Within Large Caps Like TCS, Infosys & Wipro Over HCLTech, LTIMindtree & Tech Mahindra

– Within Midcaps Like Coforge & Mphasis Over ER&D Names

– Broader Discretionary Spending Remains Muted Amid An Uncertain Macro

– Cost Optimisation & Vendor Consolidation Theme Has Picked-up

– BFSI, The Mainstay Of Global IT Services Spending, Continues To See Strong Demand

– Demand In Most Of The Other Verticals Remains Muted, Particularly Retail & Auto

– Expect A V-shaped Recovery In Coming Quarters While Valuations Remain Attractive

– Fixed Price Pdts Improved Productivity, Acquired Entities Improved Profitability, Aided Margin

– Endeavour To Hold Margin In Narrow Band, At Approximately 17%+

– There Is A Pricing Pressure For Sure

– Many Large Deals Are For Vendor Consolidation & Cost Takeout

– European Business revenue declined by 8.3% from last year, and 3.5% sequentially in the fourth quarter

– European revenues were down 18% in Q4, when compared to the March 2023 quarter

– There Is Uncertainty In The Mkt, Hope It Settles In The Next Few Months

– Hope Clients Resume Discretionary Spends

– See Delays In Start Of New Projects & Discretionary Spends Due To Uncertainty

– Majority Of The Deals Are For Cost Optimisation, Which Will Continue

– Number of $100 million accounts declined to 17 in the fourth quarter from a high of 22 in June last year

– Number of $50 million accounts declined to 44 from 53 in the March 2023 quarter

– Reasons for weakness in Europe despite Capco acquisition

– Progress made in the turnaround efforts of the company

– Timeline on catching up with peers in terms of growth

– Wipro had mentioned that weakness in Europe is likely to continue in Q1 but the ramp up of the Phoenix deal in the second half will aid growth

– Expect the company to guide for -1.5% to 0.5% growth sequentially for the second quarter

– Margins may see a marginal decline due to revenue headwinds

– Large deal TCV is likely to be in the $1.2 billion to $1.3 billion range

Wipro’s projected constant currency revenue decline of 2% this quarter is likely to be in the mid-point of the company’s guidance of -3.5% to -1.5% that it had guided for at the end of the fourth quarter.

It remains to be seen what will the company guides for the second quarter.

Unlike another companies, Wipro gives quarterly guidance.

The stock is looking to recover from the lows of the day ahead of its results announcement.

The stock is down 0.3% at ₹261.95. Shares have remained flat in the last one month and is down 13% so far in 2025.

– US Dollar Revenue likely to decline 0.9% from the previous quarter to $2,573 million

– Rupee revenue may drop 1.6% from the previous quarter to ₹22,087 crore

– EBIT may decline to ₹3,787 crore from ₹3,927 crore in the March quarter

– EBIT margins may narrow to 17.1% from 17.5% last quarter

– Constant Currency Revenue seen 2% lower

– All numbers as per a CNBC-TV18 poll

Bengaluru-based IT services provider Wipro Ltd. is set to report its June quarter results later this evening.

The company will become the fourth IT stock on the Nifty 50 index after TCS, Tech Mahindra and HCLTech to report results for the June quarter.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.