Wipro reported gross revenue of Rs 235.6 billion for the quarter ended December 31, 2025, reflecting a 3.8% sequential increase and a 5.5% year-on-year rise. IT Services segment revenue reached $2,635.4 million, up 1.2% QoQ and 0.2% YoY, while non-GAAP constant currency IT Services revenue grew 1.4% sequentially but declined 1.2% on an annual basis. Operating margin for IT Services expanded by 90 basis points sequentially to 17.6%, marking a 10-basis-point uplift year-on-year. Net income stood at Rs 31.2 billion, down 3.9% QoQ and 7.0% YoY, resulting in EPS of Rs 2.98, down 3.9% sequentially and 7.2% annually. Adjusted for new labour code impact, net income was Rs 33.6 billion (up 3.6% QoQ) with EPS of Rs 3.21 (up 3.5% QoQ). Operating cash flow reached Rs 42.6 billion, a 25.7% increase from Q2 and equal to 135.4% of net income, while voluntary attrition was reported at 14.2% on a trailing 12-month basis.

For the quarter ending March 31, 2026, Wipro expects IT Services revenue in the range of $2,635 million to $2,688 million, implying flat to 2.0% growth on a sequential, constant currency basis. This outlook incorporates exchange rate assumptions of GBP/USD at 1.33, EUR/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72.

In Q3, Wipro secured seven major multi-year engagements across technology, healthcare, manufacturing, facilities management, F&B, insurance, banking and aviation sectors. Highlights include the renewal of a decade-long trust and safety partnership with a global tech leader; expansion of a relationship with a US national health insurer via the PayerAI platform; modernization of enterprise applications for a North American household furnishings manufacturer; and a transformation program for a UK facilities management firm leveraging Wipro Intelligence™. Additional wins encompass cloud and hybrid-infrastructure services for a European insurer, digital workplace modernization for a global F&B company and core banking modernization for one of India’s top financial institutions.

CEO Srini Pallia noted broad-based growth driven by AI-powered platforms and scaled AI-led delivery through WINGS and WEGA, while CFO Aparna Iyer highlighted best-in-years operating margins and a robust cash conversion ratio above 135%. The Board declared an interim dividend of Rs 6 per share, taking total FY26 payouts to $1.3 billion.