Wipro Q1FY24 Results:
Wipro Q1 results show revenue fell from 23,835.6 crores to 23,479 crores, a -1.50% decrease in growth. EPS down from ₹5.61 to ₹5.23, down by -8.57%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Wipro Ltd shared its Q1 results on Thursday. They earned 23,479 crores in revenue this quarter, but that’s less than the 23,835.6 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.50 percent when comparing the two quarters.
In terms of profits, the company’s Consolidated PAT (Profit After Tax) for this quarter was 2870.1 crores, down from 3074.5 crores in the previous quarter. Their quarter-to-quarter growth decreased by -6.65 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹5.12, which is a decrease of -8.57% from the ₹5.60 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 23,479 crores this year (2023), which is 6.72 percent higher than last year’s total revenue of 22,001 crores.
This year’s PAT (Profit After Tax) is 2870.1 crores, which is also 11.96% higher than last year’s PAT of 2563.6 crores.
The EPS (Earnings Per Share) for this year is ₹5.12, which is 9.64 more than the EPS of ₹4.67 earned last year.
Wipro Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Wipro :
Wipro is a global company that offers a wide range of information technology, consulting, and business process services. It is recognized as one of the top Big Tech companies. Wipro’s expertise spans various areas including cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services. These services are provided to customers in 167 countries worldwide.
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