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. The IT services segment generated $2,635.4 million, up 1.2% sequentially and 0.2% year-on-year. On a non-GAAP constant-currency basis, segment revenue grew 1.4% quarter-on-quarter, offsetting a 1.2% decline versus the prior year. Total bookings reached $3,335 million, and large deal bookings of $871 million underscored continued client demand for high-value engagements despite a 5.7% and 8.4% constant-currency decline in total and large deal volumes respectively compared with Q3 2025.

Operating margins in the IT services business expanded to 17.6%, up 90 basis points sequentially and 10 basis points year-over-year, marking the highest quarterly margin performance in recent years. Net income stood at Rs 31.2 billion, down 3.9% sequentially and 7.0% year-on-year, while adjusted net income—excluding the one-time impact of labor code changes—rose 3.6% sequentially to Rs 33.6 billion and held flat on a year-over-year basis. Earnings per share followed a similar trend, with adjusted EPS of Rs 3.21, a 3.5% sequential gain. Operating cash flow was robust at Rs 42.6 billion, up 25.7% quarter-on-quarter and equivalent to 135.4% of net income.

During Q3, Wipro secured a series of multi-year contracts across healthcare, manufacturing, financial services and consumer industries. Highlights include a renewal of a decade-long partnership with a global technology leader to enhance trust and safety operations using AI and machine learning; an expansion of services with a US national health insurer leveraging Wipro’s proprietary PayerAI platform; and a large digital workplace transformation for a European food and beverage company incorporating real-time voice translation. Additional wins included a hybrid cloud modernization program for a major European insurer, enterprise application modernization for a North American furnishings manufacturer and a digital operations overhaul for a leading Indian bank, all underpinned by the Wipro Intelligence suite of AI-powered platforms.

Wipro expects IT services revenue for the quarter ending March 31, 2026 to range between $2,635 million and $2,688 million, translating to 0–2.0% sequential growth in constant-currency terms. Guidance assumes foreign exchange rates of GBP/USD 1.33, EUR/USD 1.17, AUD/USD 0.65, USD/INR 88.85 and CAD/USD 0.72. The company’s leadership highlighted continued investments in AI-led delivery, client-centric innovation and operational rigor as key drivers of sustainable growth and margin improvement in the coming quarter.