Wipro revenue up 10%, profit up 4% in Q1

IT services provider Wipro today said its revenue rose 10 percent to $1.9 billion, while net income grew 4 percent to $344 million in first quarter ended June 30, 2015.

IT Services segment revenue rose 1 percent to $1,794.1 million.

T K Kurien, chief executive officer of Wipro, said: “Deals are getting increasingly competitive and we are focused on increasing the levels of automation, while new stakeholders are influencing buying decisions in the Digital space.”

Wipro expects revenues from IT Services business to be in the range of $ 1,821 million to $ 1,857 million in the second quarter ending September 30, 2015.

The IT Services segment had a headcount of 161,789 as of June 30, 2015 against 158,217 in Q4 ended March 31, 2015. Wipro added 36 new customers during the quarter.

Wipro CEO TK Kurien

 

Wipro announced one digital deal. The Bangalore head-quartered company said it has won a strategic Application Development and Management contract from Allied Irish Bank. Wipro will manage and transform their Digital and Online Channels, Data and Enterprise support services & Applications estate over a period of 5 years.

Americas region contributed 52.5 percent revenue, Europe 25.6 percent, India & Middle East business 10.6 percent and APAC and Other Emerging Markets 11.3 percent.

Wipro’s revenue contribution from Global Media & Telecom was 13.2 percent, Finance Solutions 26.8 percent, Manufacturing & Hitech 18.6 percent, Healthcare, Life Sciences & Services 11.2 percent, Retail, Consumer Goods & Transportation 15 percent, and Energy, Natural Resources & Utilities 15.2 percent.

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