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'Have enough headroom to improve margins going ahead,' says Wipro CFO

The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter

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Jatin Dalal, President & Chief Financial Officer, Wipro Limited

2 min read Last Updated : Jul 21 2022 | 12:49 AM IST

Wipro’s operating margin in the June quarter tightened to 15 per cent, but Chief Financial Officer Jatin Dalal stressed that from Q2 onwards, the margin would improve.

The margin for India’s fourth-largest IT services firm declined 200 basis points over the previous quarter.

But Dalal said that the company has enough headroom to improve its margin performance. This includes increasing utilisation, better pricing, and managing operating levers like controlling expenses.

Also Read: Wipro's Q1 net profit declines 21% over acquisitions, talent cost

“Our utilisation is at an all-time low. We have hired a lot of freshers -- the

Topics : Jatin Dalal Wipro Indian IT services firms IT Services industry IT services Wipro results Q1 results IT companies Indian IT firms company

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