Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore; FY25 IT services outlook improved
Bengaluru: Wipro Ltd reported a 4.5% quarter-on-quarter (QoQ) increase in net profit to Rs 3,354 crore for the October-December 2024 quarter, surpassing market expectations.
The compnay's profit rose 24.5 percent from a year ago.
The company’s revenue during the period remained flat at Rs 22,319 crore, according to its regulatory filing on Friday.
Wipro declared an interim dividend of Rs 6 per share.
The earnings per share (EPS) for the quarter rose to ₹3.21, reflecting a 4.6% QoQ and 24.4% year-on-year (YoY) growth.
The company reported a voluntary attrition rate of 15.3% on a trailing 12-month basis, which is higher than the 14.5% recorded in the previous quarter (July-September 2024).
Wipro Q3 Results: FY25 Outlook
For the IT services segment, Wipro forecasts revenue in the range of $2,602 million to $2,655 million, indicating sequential guidance of (-)1.0% to 1.0% in constant currency terms. This is an improvement compared to the September 2024 quarter's guidance of (-)2.0% to 0.0%.
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