Wipro Announces Results for the Quarter Ended December 31, 2025

Core Insights - Wipro Limited reported financial results for the quarter ended December 31, 2025, highlighting broad-based growth driven by AI-enabled services and strategic partnerships [1][2]. Financial Performance - Gross revenue reached Rs 235.6 billion ($2,622.0 million), marking a 3.8% increase quarter-over-quarter (QoQ) and 5.5% year-over-year (YoY) [5]. - IT services segment revenue was $2,635.4 million, reflecting a 1.2% increase QoQ and a 0.2% increase YoY [5]. - Operating margins for IT services improved to 17.6%, an expansion of 0.9% QoQ and 0.1% YoY, representing the best margin performance in recent years [5]. - Net income for the quarter was Rs 31.2 billion ($347.2 million), a decrease of 3.9% QoQ and 7.0% YoY [5]. - Earnings per share (EPS) for the quarter was Rs 2.98 ($0.03), down 3.9% QoQ and 7.2% YoY [5]. - Operating cash flows were Rs 42.6 billion ($474.1 million), an increase of 25.7% QoQ but a decrease of 13.6% YoY, representing 135.4% of net income [5]. Strategic Deal Wins - Wipro secured several large and strategic deals, including a renewal with a global technology leader to enhance trust and safety operations, leveraging AI and machine learning [4]. - A multi-year engagement with a US-based national health insurance organization was established to provide member enrollment and management services using Wipro's PayerAI solution [8]. - Wipro was selected by a prominent North American household furnishings manufacturer to modernize its technology landscape and accelerate innovation through AI [8]. - A leading UK-based facilities management company extended its relationship with Wipro to drive enterprise-wide transformation using Wipro Intelligence [8]. - Wipro engaged with a major European insurance provider to reimagine its infrastructure landscape and accelerate its hybrid cloud journey [8]. Market Outlook - For the quarter ending March 31, 2026, Wipro expects IT services revenue to be in the range of $2,635 million to $2,688 million, indicating a sequential guidance of 0% to 2.0% in constant currency terms [3].