Wipro / Q1-FY25

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Watch2024-07-12Back to WIPRO

Revenue

₹21,964 Cr

verified against source

Revenue YoY

—

reported change

EBITDA

Pending

latest reported figure

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Actual signal trajectory

Where this quarter sits.

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Revenue (₹ Cr)PositiveWatchNegative
12 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY24: 22,831 · Watch source sentiment · 2023-07-13Q1 FY24Q2 FY24: 22,516 · Negative source sentiment · 2023-10-11Q2 FY24Q3 FY24: 22,205 · Positive source sentiment · 2022-01-12Q3 FY24Q4 FY24: 22,208 · Watch source sentiment · 2024-04-19Q4 FY24Q1 FY25: 21,964 · Watch source sentiment · 2024-07-12Q1 FY25Q2 FY25: 22,302 · Watch source sentiment · 2024-10-16Q2 FY25Q3 FY25: 22,319 · Positive source sentiment · 2025-01-13Q3 FY25Q4 FY25: 22,504 · Negative source sentiment · 2025-04-15Q4 FY25Q1 FY26: 22,135 · Watch source sentiment · 2025-07-15Q1 FY26Q2 FY26: 22,697 · Watch source sentiment · 2025-10-15Q2 FY26Q3 FY26: 23,556 · Watch source sentiment · 2026-01-15Q3 FY26Q4 FY26: 24,236 · Watch source sentiment · 2026-04-15Q4 FY2624,23621,964
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Wipro's Q1 FY25 IT services revenue declined 1% QoQ in constant currency to $2.63 billion, within guided range but at the lower end. Operating margin improved 10bps QoQ to 16.5%, driven by operational rigor. BFSI and consumer showed sequential growth, while energy & utilities and manufacturing were weak. Large deal TCV was $1.2 billion with 10 wins, including a net-new telecom deal. Management guided Q2 revenue change of -1% to +1% QoQ in constant currency, expressing slightly more confidence than last quarter. Margins expected to remain in a narrow band with upward bias. Key risk: continued softness in Europe and APMEA, and delayed ramp-up of large deals.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects IT services revenue to change between -1% and +1% sequentially in constant currency for Q2 FY25.
  • Management expects operating margins to sustain within a narrow band with an upward bias in coming quarters.

Risks flagged

  • Europe and APMEA markets declined sequentially, with Europe pipeline healthy but conversion weak; APMEA strategy under review.
  • Large deals signed in Q1 may take several quarters to fully ramp, limiting near-term revenue upside.
  • E&U vertical declined 6.3% sequentially due to end of large programs; recovery dependent on pipeline conversion.
  • Some competitors offering large productivity gains to clients via GenAI, potentially pressuring pricing.

Key quotes

  • We are not still seeing a significant change in the demand environment. Clients remained cautious, and our discretionary spending continued to be muted.
  • We are confident that we can sustain our margins within a narrow band with an upward bias in the coming quarters.
  • Deal tenures are definitely becoming shorter. Three year to five year deals are becoming more commonplace.

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