Wipro Shares Jump Over 4% After Strong Q1 Results {update}

Revenue for the quarter came in at ₹22,134 crore. That’s slightly higher than last year, but not by much—about 0.8% growth year-over-year. Still, it was enough to please the market, especially in a quarter where many were bracing for flat numbers.

But the real story? The deals.

Wipro pulled in $4.97 billion in total bookings for the quarter. That’s a massive 50% jump from last year. Out of that, $2.67 billion came from large deals alone. Compared to the previous quarter, that’s almost double. Sixteen major deals were signed—two of them were huge, what the company calls “mega deals.”

That kind of deal momentum doesn’t just happen by luck. Wipro’s push into AI and digital services seems to be opening doors. The demand across different sectors also shows that clients are still spending, even if they’re a little cautious.

Margins held up well. Operating margin stood at 17.3%, which is up 80 basis points from last year. There was a slight dip compared to the last quarter, but nothing too worrying. What stood out more was the cash. Wipro generated ₹4,110 crore in operating cash flow—more than 120% of its net profit. That’s a strong cash position by any standard.

And yes, there’s a dividend. The company announced ₹5 per share as an interim payout. Record date is July 28. The money should hit accounts by mid-August.

Wipro also shared what they expect for the next quarter. The company is aiming for revenue between $2.56 and $2.61 billion. That’s not explosive growth—about flat to 1%—but with global uncertainty, it’s still solid.

Investors clearly felt good. Wipro’s shares jumped over 4% on the NSE, and its U.S.-listed stock (ADR) saw a similar 5% boost. Brokerages responded fast. Six of them upgraded the stock, and at least ten raised their price targets.

Some concerns are still out there. Growth in constant currency remains slow. Global clients are cautious. But Wipro’s bookings say something else—big businesses are still signing large contracts. That’s a vote of confidence.

What’s helping the company right now is execution. They’re winning deals, delivering margins, and keeping cash flowing. That’s the kind of mix investors like.

Wipro may not have the fastest revenue growth in the industry, but it’s moving in the right direction. And for now, the market is on its side.