Wipro reported gross revenue of Rs 235.6 billion for the quarter ended December 31, 2025, representing a 3.8% sequential increase and a 5.5% year-on-year rise. IT services segment revenue stood at $2,635.4 million, up 1.2% sequentially and 0.2% year-on-year on a reported basis. On a non-GAAP constant currency basis, IT services revenue grew 1.4% sequentially but declined 1.2% year-on-year. Total bookings reached $3,335 million, down 5.7% year-on-year in constant currency, while large deal bookings of $871 million represented an 8.4% decline in constant currency terms.

Operating margins in the IT services segment expanded by 90 basis points sequentially to 17.6%, marking the highest quarterly margin performance in recent years, and improved by 10 basis points year-on-year. Net income was Rs 31.2 billion, down 3.9% sequentially and 7.0% year-on-year, with reported EPS at Rs 2.98. Adjusting for labour code impacts, net income rose 3.6% sequentially to Rs 33.6 billion, with adjusted EPS of Rs 3.21, flat year-on-year. Operating cash flow surged 25.7% sequentially to Rs 42.6 billion, equivalent to 135.4% of net income, although down 13.6% compared with the prior year.

Wipro secured multiple multi-year engagements in key verticals, including a renewal with a leading global technology platform to refine AI-driven trust and safety operations, and a significant expansion with a major US health insurer leveraging Wipro’s PayerAI solution. Other notable wins span manufacturing, facilities management and financial services, focusing on AI-enabled automation and hybrid cloud modernization. For the quarter ending March 31, 2026, management expects IT services revenue in the range of $2,635 million to $2,688 million, implying sequential growth of 0% to 2.0% in constant currency terms.