Wipro announces results for quarter ended September 30, 2025

EAST BRUNSWICK, N.J. | BANGALORE, India – October 16, 2025: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2025.

Highlights of the Results

Results for the Quarter ended September 30, 2025:

1. Gross revenue at Rs 227.0 billion ($2,556.6 million1), increase of 2.5% QoQ and 1.8% YoY.

2. IT services segment revenue was at $2,604.3 million, increase of 0.7% QoQ and decrease of 2.1% YoY.

3. Non-GAAP constant currency IT Services segment revenue increased 0.3% QoQ and decreased 2.6% YoY.

4. Total bookings was at $4,688 million, down by 6.1% QoQ and up by 30.9% YoY in constant currency. Large deal bookings was at $2,853 million, an increase of 6.7% QoQ and 90.5% YoY in constant currency.

5. IT services operating margin for Q2’26 was 16.7%, impacted by a provision of Rs 1,165 million ($13.1 million) made with respect to bankruptcy of a customer. Adjusted for this event, IT Services Margin for the quarter was 17.2%, contraction of 0.1% QoQ and expansion of 0.4% YoY. 

6. Net income for the quarter was at Rs 32.5 billion ($365.6 million), decrease of 2.5% QoQ and increase of 1.2% YoY. 

7. Earnings per share for the quarter at Rs 3.1 ($0.031), decrease of 2.5% QoQ and increase of 1.0% YoY.

8. Operating cash flows of Rs 33.9 billion ($381.5 million), decrease of 17.6% QoQ and 20.7% YoY and at 103.8% of Net Income for the quarter.

9. Voluntary attrition was at 14.9% on a trailing 12-month basis.

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Srini Pallia, CEO and Managing Director, said “Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band. Bookings surpassed $9.5 billion for H1 FY26. Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently and shape the future in an AI-first world.”

Aparna Iyer, Chief Financial Officer, said “We are gradually returning to growth trajectory with three of our four SMUs growing sequentially in Q2. All key financial parameters continue to remain strong. Our large deal bookings in the first two quarters have now surpassed the large deal booking for full year FY’25. Our adjusted margins for Q2 expanded by 0.4% YoY. EPS for the quarter grew 1% YoY. Lastly, our cash flow conversion continues to remain strong with operating cash flow at 104% of our net income for Q2.”

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