Wipro Q1 Results Live Updates: Retail CPG, Manufacturing impacted by uncertainty in macros, says management

Wipro Q1 Results Live 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.

Wipro Q1 Results Live 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%. Wipro's margins improved during the quarter to 17.5%. For the ongoing September quarter, Wipro sees revenue growth of -1% to +1% in constant currency terms on a sequential basis, which is also in-line with expectations. Wipro's revenue decline was better than TCS but peers like Tech Mahindra and HCLTech saw a lesser fall. Total bookings increased by 24.1% from the last quarter to $4,971 million. The company also won 16 large deals, including two mega deals. Large deal bookings stood at $2,666 million. Watch this space for all the live updates.