Wipro Misses Q3 Revenue by $7.73M, Books $871M in Large Deals
Wipro reported fiscal Q3 revenue of $2.62 billion, up 0.6% year-over-year but missing estimates by $7.73 million, while EPS held at $0.04 per share. Management closed $3.3 billion in total contract value, booked $871 million in large deals and forecasts Q4 revenue of $2.64–2.69 billion, representing 0–2% constant-currency growth.
1. Q3 Financial Results
Wipro posted fiscal third-quarter revenue of $2.62 billion, up 0.6% year-over-year but missing estimates by $7.73 million, while EPS of $0.04 per share met consensus.
2. Regional and Sector Performance
Growth in Americas 1 was driven by health care, consumer and LATAM verticals, whereas Americas 2 revenues declined; Europe saw expansion led by a mega deal ramp-up.
3. Large Deal Wins
The company closed $3.3 billion in total contract value and secured $871 million in large deal bookings during the quarter.
4. Guidance and Outlook
Management forecasts fiscal Q4 revenue between $2.64 billion and $2.69 billion, implying 0% to 2% constant-currency growth.