wipro results: Wipro bucks headcount reduction trend, adds 337 employees in June quarter

Wipro, India’s fourth largest IT major, bucked its headcount reduction trend with a marginal increase in its employee count by 337 during the first quarter ending June in the ongoing fiscal year 2025.

The total employees at the end of June stood at 234,391 as compared to 234,054 employees at the end of March, during which the headcount had dropped by 6,180 employees, down for the sixth straight quarter.

In comparison, its bigger peer and country’s largest IT major Tata Consultancy Services (TCS) saw net addition of 5,452 employees for the April to June quarter ending its total employee count at 606,998.

Immediate rivals Infosys and HCLTech reduced employees by 1908 and 8,080, respectively, for the three-month period ending June. Infosys’s drop was the sixth consecutive quarterly drop.

Wipro’s attrition improved marginally to 14.1% from 14.2% in the previous quarter.

Its utilisation further increased to 87.7% in Q1FY25 as compared to 86.9% in Q4 of previous fiscal year.

On Friday, Wipro reported a 4.6% year-on-year increase in net profit at Rs 3,003 crore for the quarter ending June 30, 2024, from a year ago quarter’s profit fo Rs 2,870 crore. Its revenue declined to Rs 21,964 crore, down by 3.8% from a year ago.Sequentially, net profit and revenue both dipped 5.9% and 1.1%, respectively.