Wipro Q1 net rises 36% YoY, surpasses its own June qtr revenue guidance

The company's revenue guidance or Q2FY22 ranges between $2,535 million to $2,583 million, representing a growth of 5-7 per cent

Wipro surpassed its revenue guidance for the first quarter (Q1), which it hailed as its best ever, as it reported a 35.7 per cent year-on-year (YoY) incr­ease in consolidated net profit.

This performance was aided by acceleration in demand thanks to the cloud and digital transformation, and supported by the company’s new business strategy. Net profit grew to Rs 3,243 crore, and was up 9.1 per cent sequentially. Revenue grew 22.3 per cent YoY to Rs 18,525 crore and was up 12.4 per cent sequentially.

In US dollar terms, the company reported revenue of $2.4 billion, a growth of 12 per cent