The (Wipro shares) company’s revenue decreased by 3.8% year-over-year in the first quarter of FY25.

Wipro shares are down around 9% today following the Q1 results. The shares are currently trading at ₹510.10, down 8.45%. In the first quarter of FY25, the company’s profits increased, but revenues declined. Wipro’s net profit for the April-June quarter rose 4.63% YoY to ₹3,003 crore, up from ₹2,870 crore in the same quarter last year. However, Wipro’s revenue declined by 3.8% year-over-year to ₹21,964 crore, compared to ₹22,831 crore in the same quarter a year ago. The company announced these results on Saturday, July 20.

Wipro shares have gained 6.73% so far this year. Over the last five days, the shares have fallen more than 9%, but they have given a positive return of 3.81% in the last month and 8.37% over the last six months. Additionally, Wipro shares have gained 26.04% over the past year.

Wipro Shares

Wipro’s net income grew by 4.6% year-over-year, reaching ₹3,604 crore in Q1FY25, reflecting a 5.9% increase quarter-over-quarter.

Wipro Limited, a leading technology services and consulting company, boasts over 2.45 lakh employees and operates in 65 countries. Azim Premji took control of Wipro from his father in 1966 at the age of 21. Under his leadership, Wipro diversified from producing vegetable oil to offering IT services, software solutions, and consulting services. Additionally, Wipro’s Chief Human Resources Officer announced plans to hire 10,000 to 12,000 freshers in FY25.

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