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.


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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