Wipro reported gross revenue of Rs 235.6 billion for the quarter ended December 31, 2025, marking a 3.8% sequential increase and 5.5% year-on-year growth. IT services segment revenue rose 1.2% sequentially to $2,635.4 million, while constant-currency revenue edged up 1.4% sequentially but declined 1.2% year-on-year. Operating margin for IT services expanded 90 basis points sequentially to 17.6%, representing the highest margin in several years. Net income was Rs 31.2 billion, down 3.9% sequentially and 7.0% year-on-year, with earnings per share of Rs 2.98. Adjusted for labour code impacts, net income improved 3.6% sequentially to Rs 33.6 billion, and adjusted EPS rose 3.5% to Rs 3.21. Operating cash flow strengthened 25.7% sequentially to Rs 42.6 billion, equivalent to 135.4% of net income. Voluntary attrition stood at 14.2% on a trailing 12-month basis.

In Q3, Wipro secured several multi-year engagements totalling over $3.3 billion in bookings. Key wins include renewal of a decade-long partnership with a global technology leader for AI-driven trust and safety operations; expansion of services with a US-based national health insurer leveraging the PayerAI platform; and a major North American household furnishings manufacturer engagement to modernize enterprise applications with AI accelerators. Additional contracts were signed with a UK facilities management firm to deploy AI-powered automation and predictive analytics, a European food and beverage company for global digital workplace transformation, and a leading Indian bank for cloud-enabled infrastructure and automated banking operations. These deals underscore Wipro’s strength in AI-infused platforms and its ability to deliver scalable, high-impact solutions across industries.

For the quarter ending March 31, 2026, Wipro forecasts IT services revenue between $2,635 million and $2,688 million, implying flat to 2.0% sequential growth in constant-currency terms. This guidance incorporates exchange rates of GBP/USD at 1.33, Euro/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72. Management highlighted sustained momentum in AI-powered offerings, with continued investment in platforms such as WINGS and WEGA to drive client deployments. The board has declared an interim dividend of Rs 6 per share, bringing total dividend payouts for the fiscal year to $1.3 billion, reflecting confidence in cash-flow generation and capital allocation strategy.