January 16, 2026 — Leads & Copy — Wipro Limited (NYSE: WIT), a technology services and consulting company powered by AI, has announced its financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2025.
Highlights from the results include gross revenue at Rs 235.6 billion ($2,622.0 million), marking a 3.8% increase QoQ and a 5.5% increase YoY. The IT services segment revenue reached $2,635.4 million, up 1.2% QoQ and 0.2% YoY. Non-GAAP constant currency IT Services segment revenue saw a 1.4% QoQ increase but a 1.2% YoY decrease. Total bookings amounted to $3,335 million, a 5.7% YoY decrease in constant currency, while large deal bookings were at $871 million, down 8.4% YoY in constant currency.
The IT services operating margin for Q3’26 was 17.6%, reflecting an expansion of 0.9% QoQ and 0.1% YoY. Net income for the quarter was Rs 31.2 billion ($347.2 million), a decrease of 3.9% QoQ and 7.0% YoY. Earnings per share for the quarter stood at Rs 2.98 ($0.03), down 3.9% QoQ and 7.2% YoY.
Adjusted for labor code changes, net income for the quarter was Rs 33.6 billion ($374.3 million), up 3.6% QoQ and 0.3% YoY, with EPS at Rs 3.21 ($0.04), up 3.5% QoQ and flat YoY. Operating cash flows were Rs 42.6 billion ($474.1 million), a 25.7% QoQ increase and a 13.6% YoY decrease, representing 135.4% of net income for the quarter. Voluntary attrition was at 14.2% on a trailing 12-month basis.
Looking ahead, Wipro expects revenue from its IT Services business segment to range from $2,635 million to $2,688 million for the quarter ending March 31, 2026. This translates to a sequential guidance of 0% to 2.0% in constant currency terms. The outlook is based on exchange rates including 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.
Srini Pallia, CEO and Managing Director, noted that the company delivered broad-based growth in line with expectations during Q3. He highlighted the increasing strategic importance of AI, with Wipro Intelligence emerging as a differentiator. Aparna Iyer, Chief Financial Officer, stated that the IT services operating margins at 17.6% marked the best margin performance in recent years, and the board has declared an interim dividend of Rs 6 per share, bringing the total payout for the year to $1.3 billion.
Strategic deal wins in Q3’26 included renewing a decade-long relationship with a global technology leader to enhance trust and safety operations, expanding a partnership with a US-based national health insurance organization, and being selected by a North American household furnishings manufacturer to modernize its technology landscape.
Additionally, a UK-based facilities management company extended its relationship with Wipro for enterprise-wide transformation, and one of the world’s largest food and beverage companies chose Wipro to transform its global Digital Workplace. A major European insurance provider engaged Wipro to reimagine its infrastructure, while one of India’s top banking and financial services institutions selected Wipro for digital transformation.
A leading Southeast Asian airline renewed its engagement with Wipro to enhance customer interaction capabilities, and a global communications technology company selected Wipro for AI-led transformation of finance and accounting operations. Another global telecommunications technology company chose Wipro to accelerate its Software Development Lifecycle with AI. Wipro was also selected by a U.S.-based health insurer to modernize operations and by a leading US-based regional healthcare organization to enhance operational excellence.
Wipro has also received recognition as a Leader in various analyst reports, including Avasant’s Generative AI Services 2025 RadarView™, IDC MarketScape: Worldwide Manufacturing Intelligence Transformation Strategic Consulting 2025 Vendor Assessment, and Gartner® Magic Quadrant™ for Service Integration and Management Services, among others.
IT Products segment revenue for the quarter was Rs 2.6 billion ($28.6 million), with segment results at Rs 0.23 billion ($2.5 million).
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is an AI-powered technology services and consulting company with over 230,000 employees and business partners across 65 countries.
Contact: Investor Relations: Aparna Iyer, Chief Financial Officer, www.wipro.com
Source: Wipro Limited
