Wipro Rides on Americas Biz to Top Estimates in Q1

INDIA'S FOURTH-LARGEST IT firm, Wipro, managed to beat both revenue and profit estimates in Q1, even as it continues to flag demand uncertainty due to geopolitical uncertainties and tariff-related headwinds.

- AYANTI BERA

The company posted consolidated revenue of 22,134 crore in Q1, down 1.6% sequentially, but higher than Bloomberg estimates of 22,078 crore.

Profit for the quarter was ₹3,336 crore, 6.7% lower than Q4FY25 but still above estimates of ₹3,249 crore. The company won $5 billion worth of deals during the quarter, a multi-quarter high, with large deals jumping 50% sequentially to 16. "Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half," said Srini Pallia, CEO and MD, Wipro.

The company also pointed out that clients are largely focused on cost optimization and vendor consolidation deals, while there are pockets of discretionary spending in data and AI projects.