Wipro Q1 takeaways: Acquisition boosts growth, margins outlook firm

MUMBAI: Wipro NSE -0.46 % reported one of its best-ever quarterly performances in history on Thursday, as earnings for the June quarter trounced Street expectations. The IT services major managed a 12 per cent sequential growth in consolidated topline, coupled with over 9 per cent jump in consolidated net profit for the three-month period.

“Despite the severe onslaught of the pandemic, we delivered our best-ever quarter, with secular growth across all SMUs, sectors and GBLs. Our sequential revenue growth of 12.2 per cent was well ahead of the top-end of our guidance range, both organically and with Capco,” said Thierry Delaporte, Chief Executive Officer and Managing Director at Wipro.