WIPRO -Cup and Handle breakout - Daily
Name - WIPRO
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 550
Can test - 604
SL - 542
Here’s a summary of Wipro Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1.
Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1.
Operating Margin: The IT services operating margin improved to 16.4%, up by 40 basis points quarter-over-quarter (QoQ)2.
Operational Highlights
Large Deal Bookings: Large deal bookings for the quarter were at $1.2 billion, an increase of 31.1% QoQ and 9.5% YoY2.
Voluntary Attrition: Voluntary attrition was at 14.2% on a trailing 12-month basis2.
Comparative Performance
Quarter-over-Quarter: Compared to the previous quarter, net income increased by 5.2%2.
Outlook
Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million for the next quarter2.
Always welcome for any comments with your feedback or give it a like if you find it useful.
==========================================================================
Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 550
Can test - 604
SL - 542
Here’s a summary of Wipro Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1.
Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1.
Operating Margin: The IT services operating margin improved to 16.4%, up by 40 basis points quarter-over-quarter (QoQ)2.
Operational Highlights
Large Deal Bookings: Large deal bookings for the quarter were at $1.2 billion, an increase of 31.1% QoQ and 9.5% YoY2.
Voluntary Attrition: Voluntary attrition was at 14.2% on a trailing 12-month basis2.
Comparative Performance
Quarter-over-Quarter: Compared to the previous quarter, net income increased by 5.2%2.
Outlook
Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million for the next quarter2.
Always welcome for any comments with your feedback or give it a like if you find it useful.
==========================================================================
Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.