Wipro business grows 21% in Q1, ‘best ever’ quarter

BENGALURU: Wipro NSE -0.46 % reported a 21.3% growth in constant currency for its IT services business in the first quarter, compared to the same period last year. But 7.7% of this came from the acquisition of Capco, the British consulting and technology services firm. Wipro concluded that acquisition in the previous quarter.

Yet, it was a very good quarter for the company. Sequential growth was higher than its own estimates. CEO Thierry Delaporte said it was higher than the upper end of the revenue guidance even after taking out the impact of the Capco acquisition. The company is benefiting from the strong demand environment and Delaporte’s strategic acquisitions and organisational changes.