Q1 2025 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) reported an operating margin increase to 16.5%, up by 0.1% from the previous quarter.
- The company achieved a sequential growth of 0.4% in the Americas 1 market unit, driven by health and technology sectors.
- Wipro Ltd (WIT) secured 10 large deals in Q1, contributing to a total contract value (TCV) of USD 3.3 billion.
- The company has rolled out iAspire, an AI-powered career development platform, providing foundational and advanced AI training to employees.
- Wipro Ltd (WIT) reported strong cash flows of $479 million in Q1, representing 132% of net income.
- IT Services revenue declined by 1.2% sequentially in reported currency terms.
- Europe and APMEA markets experienced sequential declines of 1.4% and 4.2%, respectively.
- Manufacturing and energy and utility sectors showed weakness, with sequential declines of 3% and 6.3%, respectively.
- The company provided a cautious Q2 revenue growth guidance of -1.0% to +1.0% in constant currency.
- Despite growth in top accounts, there was a drop in the number of clients in the $75 million-plus tier.
Ladies and gentlemen, good day, and welcome to Wipro Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Dipak Bohra, Senior Vice President, Corporate Treasurer and Investor Relations. Thank you, and over to you, sir.
Thank you, [Yashashri] A warm welcome to our Q1 financial year '25 earnings call. We will begin the call with the business highlights and overview by Srini Pallia, our Chief Executive Officer and Managing Director, followed by updates on financial overview by our CFO, Aparna Iyer. We also have our CHRO, Saurabh Govil on this call. Afterwards, the operator will open the bridge for Q&A with our management team.
Before Srini start, let me draw your attention to the fact that during this call, we may make certain forward-looking statements within the meaning of Private Securities Litigation Reform Act 1995. These statements are based on management's current
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