Its consolidated revenue from operations rose to Rs 18,252.4 crore from Rs 14,913.1 crore in the year-ago quarter, resulting in an increase of 22.4 per cent. Meanwhile, on a quarter-on-quarter (QoQ) basis, the figure was up 12.35 per cent as against Rs 16,245.4 crore in the preceding quarter. The company's IT services segment revenue was at $2,414.5 million, an increase of 12.2 per cent QoQ and 25.7 per cent YoY.
The company beat brokerages' expectations of 14-19 per cent YoY growth in bottomline and 17-19 per cent growth in topline.
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"Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, Sectors and GBLs. Our sequential revenue growth of 12.2 per cent was well ahead of the top-end of our guidance range, both organically and with Capco. Though in the early days yet, I am pleased with the way we have collaborated with Capco to build our joint go-to-market offerings and strategy. We remain focused on deepening our customer relationships, investing in talent & capabilities for the future, and winning market share," Thierry Delaporte, CEO and Managing Director said.
Its IT services perating margin for the quarter was at 18.8 per cent, a decrease of 29 bps YoY.
Wipro expects revenue from its IT services business to be in the range of $2,535-2,583 million. This translates to a sequential growth of 5-7.0 per cent.
The scrip closed 2.5 per cent higher at Rs 575.75 on the BSE ahead of its quarterly numbers.
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