Wipro Limited, a global AI-powered technology services and consulting company, has reported its financial results for the quarter ended December 31, 2025, highlighting steady revenue growth, strong margin expansion, and continued momentum in enterprise AI and digital transformation services. The results underscore Wipro’s disciplined execution and increasing differentiation through its AI-first strategy, even as macroeconomic uncertainty continues to influence enterprise spending.
Q3 FY26 Financial Performance: Stability with Margin Strength
For the quarter, Wipro reported gross revenue of Rs 235.6 billion ($2.62 billion), representing a 3.8% quarter-on-quarter (QoQ) and 5.5% year-on-year (YoY) increase. The IT services segment generated $2.64 billion in revenue, growing 1.2% QoQ, while constant currency revenue increased 1.4% sequentially.
A key highlight was the IT services operating margin of 17.6%, which expanded 90 basis points sequentially and 10 basis points YoY, marking Wipro’s strongest margin performance in recent years. This improvement reflects tighter execution rigor, optimized delivery models, and increasing adoption of AI-enabled platforms across client engagements.
Net income for the quarter stood at Rs 31.2 billion ($347.2 million). Adjusted for labor code changes, net income increased 3.6% QoQ, demonstrating underlying earnings resilience. Operating cash flows remained robust at Rs 42.6 billion, accounting for 135.4% of net income, reinforcing Wipro’s strong financial discipline and balance sheet health.
Deal Momentum Driven by AI and Digital Transformation
Wipro recorded total deal bookings of $3.3 billion, with large deal bookings of $871 million, reflecting continued enterprise demand for AI-led digital transformation, cloud modernization, and intelligent operations.
Several strategic wins during the quarter showcased Wipro’s growing influence in enterprise AI, automation, and industry-specific solutions. These included long-term renewals and expansions across sectors such as technology, healthcare, banking, insurance, telecommunications, airlines, manufacturing, and consumer goods.
Clients selected Wipro to modernize legacy systems, accelerate hybrid cloud adoption, transform digital workplaces, and deploy agentic AI solutions across finance, software development, customer experience, and infrastructure operations. Wipro’s proprietary platforms—Wipro Intelligence™, WINGS, WEGA, and PayerAI—played a central role in enabling scalable automation, predictive insights, and governance-ready AI deployments.
AI as a Strategic Differentiator
Commenting on the quarter, CEO and Managing Director Srini Pallia emphasized that AI has become a strategic imperative for enterprises. Wipro’s AI-powered offerings contributed meaningfully to client wins, supported by expanded innovation hubs and scaled AI-led delivery globally. Increased adoption of AI-enabled platforms reflects growing client confidence in Wipro’s ability to deliver responsible, enterprise-grade AI solutions.
Chief Financial Officer Aparna Iyer highlighted the margin expansion and strong cash flow performance, noting that disciplined execution remains a core focus. The Board also declared an interim dividend of Rs 6 per share, taking the total annual payout to $1.3 billion, reinforcing shareholder value creation.
Industry Recognition Reinforces Market Leadership
During the quarter, Wipro earned multiple analyst recognitions, being positioned as a Leader across major assessments by Gartner, Everest Group, IDC, ISG, Avasant, and HFS. These endorsements validate Wipro’s leadership in generative AI services, digital workplace transformation, cloud ecosystems, manufacturing intelligence, and data center outsourcing.
Outlook for Q4 FY26
For the quarter ending March 31, 2026, Wipro expects IT services revenue to be in the range of $2.64 billion to $2.69 billion, translating to 0% to 2% sequential growth in constant currency. This guidance reflects cautious optimism amid evolving global demand conditions.
Executing with Precision in an AI-First Era
Wipro’s Q3 FY26 performance demonstrates how focused execution, margin discipline, and AI-driven digital transformation can deliver resilient growth. As enterprises accelerate AI adoption to enhance agility and efficiency, Wipro is well-positioned to serve as a trusted partner in shaping future-ready, intelligent organizations.
About Key Metrics and Non-GAAP Financial Measures
This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.
The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.
Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.
