Wipro improves Q4 guidance, projects up to 2% revenue growth

Wipro

IT services company Wipro  has projected a sequential revenue growth of 0 percent to 2 percent for the fiscal fourth quarter, signalling improved visibility despite a challenging macroeconomic environment.

In October, the firm had adjusted its revenue growth guidance for the third quarter between -0.5 percent and 1.5 percent.

“In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations,” chief executive officer Srinivas Pallia said.

Total bookings stood at $3.3 billion, with large deal bookings of $0.9 billion, down 5.7 percent and 8.4 percent, respectively, in the last quarter of the previous financial year.

“Our IT services operating margins at 17.6 percent expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years,” chief financial officer Aparna C Iyer said. “Our continued focus on execution rigour also reflects in our strong operating cash flow of 135 percent of net income in Q3.”

Attrition moderated marginally to 14.2 percent from 14.9 percent in the previous quarter. Headcount increased by 6,529 employees from 2,35,492 in the previous quarter.

The company reported a decline in profitability for the fiscal third quarter, with consolidated net profit falling both sequentially and on a year-on-year basis, even as the IT services major delivered modest revenue growth and announced an interim dividend.

The company posted a consolidated net profit of Rs 3,119 crore for the quarter ended December 31, 2025, down 4 percent sequentially and 7 percent year-on-year. Earnings were impacted by cost pressures, including expenses linked to labour code-related adjustments, the company said.