Wipro Limited (NYSE: WIT) stock soared 5.2% on October 18, 2024, following the release of its robust second-quarter fiscal 2025 earnings results. The Indian IT services giant reported solid performance across key metrics, including revenue growth, margin expansion, and robust bookings.

For the quarter ended September 30, 2024, Wipro's IT Services revenue grew 0.6% sequentially in constant currency terms to $2.66 billion, meeting the upper end of its guidance. The company's operating margin expanded by 35 basis points quarter-on-quarter and 71 basis points year-on-year to reach 16.8%, driven by operational efficiencies and cost optimization measures.

Notably, Wipro recorded total bookings of $3.6 billion, an impressive 8.4% increase from the previous quarter. The company secured 19 large deals with a combined total contract value (TCV) of $1.49 billion, reflecting a 29% sequential growth in large deal wins. This strong performance in bookings bodes well for Wipro's future revenue growth.