Wipro guides for revenue de-growth of 1.5% to 3.5% for Q1FY26

Wipro

Information technology (IT) major Wipro has guided revenue in the range of -1.5 percent to -3.5 percent for the first quarter of financial year 2026 ending June 30, 2025 (Q1FY26). This is a deterioration from the earlier guidance of -1 percent to +1 percent in the previous quarter.

For Q4FY25, the sequential guidance was in the range of -1 percent to +1 percent in constant currency terms, which the company achieved/missed/surpassed in Q4FY25.

Chief Financial Officer Aparna C Iyer said, “For Q4, operating margins expanded 110 basis points year on year and for the full financial year margin expanded by 90 basis points. Our focus on execution rigour has ensured that our margins have steadily expanded even in a softening revenue environment."

For Q2FY25, the sequential guidance was in the range of -2 percent to 0 percent in constant currency terms.

“We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement. We also continued to invest in our global talent and in strengthening our consulting and AI capabilities. As clients remain cautious in the face of macroeconomic uncertainty, we’re focused on partnering closely with them while staying committed to consistent and profitable growth.,” Chief Executive Officer Srinivas Pallia was quoted as saying in the release.

Total bookings stood at $3.96 billion for the quarter, up 13.4% QoQ CC, with large deal bookings up 48.5% YoY CC to $1.76 million, higher than $3.51 billion and $961 million in the last quarter, respectively.

Meanwhile, the company reported a 6.4 percent sequential rise in net profit to Rs 3,569.6 crore for the quarter ended March 2025, while gross revenue rose marginally to Rs 22,504.2 crore. The IT major’s operating margin for the quarter stood at 17.5 percent, expanding 1.1 percentage points year-on-year.