Wipro Q1 Results Review: PAT Beats Estimates; Revenue Fails To Impress | Wipro #shorts

IT Major Wipro reported its Q1FY25 earnings on July 19. The company’s consolidated Net profit rose by 4.6% from last year to Rs 3003 crore. The revenue from operation stood at Rs 21,946 crore which was lower by 4% from the last financial year. PAT was above street estimates of Rs 2,993 crore however revenue was below estimates of Rs 22,258 crore. On Guidance for next quarter it said that the revenue from its IT services business segment to be in range of $2,600 million to $2,652 million. This translates to sequential guidance of -1% to 1% range in constant currency terms#etnow #businessnews #livebusinessnews #sharemarket #stockmarket #englishnews #trending #topnews

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