EAST BRUNSWICK, N.J. | BANGALORE, India – January 16, 2026:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced its financial results for the quarter ended December 31, 2025, prepared in accordance with International Financial Reporting Standards (IFRS). The company delivered sequential revenue growth, margin expansion, and robust cash flow, supported by increased adoption of AI-enabled platforms and strategic deal wins across global markets.
Key Financial Highlights – Q3 FY26
Wipro reported gross revenue of ₹235.6 billion ($2.62 billion) for the quarter, marking a 3.8% quarter-on-quarter (QoQ) and 5.5% year-on-year (YoY) increase.
IT Services Performance
- IT Services segment revenue stood at $2,635.4 million
- 1.2% QoQ growth in reported terms
- 1.4% QoQ growth in constant currency (non-GAAP)
- YoY performance remained largely stable amid global macroeconomic uncertainties
Profitability and Margins
- IT Services operating margin improved to 17.6%
- Margin expansion of 0.9% QoQ and 0.1% YoY
- This marks Wipro’s strongest margin performance in the past several years
Net Income and EPS
- Net income reported at ₹31.2 billion ($347.2 million), down 3.9% QoQ
- Earnings per share (EPS) at ₹2.98
- Adjusted for labor code changes, net income increased to ₹33.6 billion, with EPS at ₹3.21
Deal Bookings and Cash Flow Strength
Wipro reported total deal bookings of $3.335 billion, reflecting continued demand for large-scale digital and AI transformation programs.
- Large deal bookings: $871 million
- Operating cash flow: ₹42.6 billion ($474.1 million)
- Cash flow conversion stood at an impressive 135.4% of net income
The company also reported voluntary attrition of 14.2% on a trailing 12-month basis, indicating improving workforce stability.
Leadership Commentary
Srini Pallia, CEO and Managing Director, stated that the company delivered broad-based growth in line with expectations, with Wipro Intelligence emerging as a key differentiator. He highlighted increased adoption of AI-enabled platforms, expansion of AI-led delivery through WINGS and WEGA, and a growing global innovation network.
Aparna Iyer, Chief Financial Officer, emphasized execution rigor and margin discipline, noting that Q3 FY26 represented Wipro’s best margin performance in recent years. She also announced an interim dividend of ₹6 per share, bringing total shareholder payout for the year to $1.3 billion.
Strategic Deal Wins Strengthen AI and Industry Presence
During the quarter, Wipro secured multiple large, multi-year strategic engagements across industries including technology, healthcare, insurance, banking, telecommunications, airlines, manufacturing, and consumer goods.
Key wins included:
- AI-led trust and safety operations for a global technology leader
- Expanded healthcare and insurance partnerships using PayerAI
- Large-scale AI-driven enterprise modernization for global manufacturers
- Hybrid cloud, digital workplace, and finance transformation programs powered by Wipro Intelligence™
These wins reinforce Wipro’s positioning as a trusted partner for AI-infused, large-scale digital transformation.
Outlook for Q4 FY26
For the quarter ending March 31, 2026, Wipro expects IT Services revenue in the range of $2,635 million to $2,688 million, representing 0% to 2% sequential growth in constant currency terms.
The outlook reflects cautious optimism amid ongoing global economic volatility while underscoring continued demand for AI-driven services.
Analyst Recognition and Industry Leadership
Wipro received multiple analyst recognitions during the period, including Leader positions in reports by Gartner, Everest Group, IDC, Avasant, ISG, and HFS. These acknowledgements highlight Wipro’s strength across Generative AI, cloud ecosystems, digital workplace, data center outsourcing, manufacturing intelligence, and banking operations services.
Conclusion
Wipro’s Q3 FY26 results demonstrate resilient execution, improving profitability, strong cash generation, and sustained momentum in AI-led transformation deals. With expanding margins, disciplined cost management, and a strong pipeline of strategic engagements, the company remains well-positioned to navigate near-term challenges while investing in long-term growth opportunities.
Disclaimer
This article is based on information disclosed by Wipro Limited in its official press release dated January 16, 2026. Financial figures, statements, and forward-looking guidance are subject to risks, uncertainties, and changes. This content is intended for informational purposes only and should not be considered financial, investment, or legal advice. Readers are advised to refer to Wipro’s official filings and investor communications for complete and accurate information.
