Bengaluru: Wipro reported a growth of 21.3% in a constant currency for IT services in the first quarter, compared to the same period last year.
But 7.7% of this came from the acquisition of capco, the UK technology consulting and technology company.
Wipro concluded that the acquisition in the previous quarter.
However, it is an excellent quarter for the company.
Sequential growth is higher than its own estimate.
The CEO of Thierry Delaporte said it was higher than the upper end of income guidance even after taking the acquisition of Capco.
This company benefits from a strong demand environment and a strategic acquisition of Delaporte and organizational change.
“Not only these best quarterly results, Q1 also sees us to report the highest organic sequential growth that we have conveyed in 38 quarters.
This extraordinary growth is led by strong volume in almost all markets, sectors and service offers,” Delaporte said.
With the reported basis, the company’s revenue rose 25.7% to $ 2.4 billion, which meant Wipro increased $ 262 million in the last 90 days.
In constant currency, Wipro’s organic growth is 13.6%, slightly lower than the infosc and TC.
“The demand environment is strong, and our overall pipe quality is better than before,” added Delaporte.
Wipro closed the eight big deals in the quarter, producing a total contract value (TCV) of $ 715 million.
Many were driven by the American market, which grew 18%.
Most sectors are well done with BFSI and leading vertical consumers.
Pipe strong agreement leads the company to estimate revenue in the range of $ 2.53-2.58 billion in the second quarter, sequential growth of 5-7%.
The operational margin dropped 220 basis points (100bps = 1 percentage point) to 18.8% sequentially due to the integration of capco and as the company invested in recruiting talent and maintaining its supply chain stable.
“We have guided 7% income growth.
Even at the lower end of this guide, we will pass the annual income level of $ 10 billion, which we really like.
While we don’t guide this year, Q1 performance and Q2 guide set us to be more advanced than growth Two digits for full years, even exclude Capco, “Delaporte said.