IT Consulting & Software company Wipro announced Q1FY25 results: Gross revenue was at Rs 219.6 billion (USD 2,635.8 million), a decrease of 1.1% QoQ and 3.8% YoY. IT services segment revenue was at USD 2,625.9 million, a decrease of 1.2% QoQ and decrease of 5.5% YoY. Non-GAAP constant currency IT Services segment revenue decreased 1.0% QoQ, and 4.9% YoY. Total bookings was at USD 3,284 million. Large deal bookings was at USD 1,154 million, a decrease of 3.1% QoQ and 3.6% YoY. IT services operating margin for the quarter was at 16.5%, an increase of 0.1% QoQ and 0.4% YoY. Net income for the quarter was at Rs 30.0 billion (USD 360.4 million), an increase of 5.9% QoQ and 4.6% YoY. Earnings per share for the quarter was at Rs 5.75 (USD 0.07), an increase of 5.9% QoQ and 9.9% YoY. Operating cash flows of Rs 40.0 billion (USD 479.0 million), an increase of 6.5% YoY and at 131.6% of Net Income for the quarter. Voluntary attrition was at 14.1% on a trailing 12-month basis. Srini Pallia, CEO and Managing Director, said “We recorded another quarter of total large deal bookings over USD 1 bn, with our largest win in the recent years. Our top accounts continued to grow, accompanied by a growth in Americas1 SMU, BFSI and Consumer sectors. We are pleased with the momentum we have built in Q1 across industries and sectors and confident in our ability to execute better on bookings and profitable growth as we transition to Q2. While we continue to build on our ai360 strategy and preparing our workforce for an AI-first future.” Aparna Iyer, Chief Financial Officer, said “We continued to expand our margins to 16.5% in Q1FY25, this is a 42-bps improvement YoY. Our margin performance is also reflected in our EPS increase of 10% YoY. Our operating cash flows continue to be strong at 131.6% of our net income which takes our current investment and cash balance to USD 5.4 billion.” Result PDF