“We saw greater adoption of our AI‑enabled platforms and solutions, scaled AI‑led delivery through WINGS and WEGA, and expanded our innovation network across global locations.”-Srini Pallia, CEO & MD.

East Brunswick, N.J., United States & Bangalore, Karnataka, India —

IT service segment revenue grows 1.4% QoQ CC and 1.2% in reported terms.

Operating margin at 17.6%; Expands 0.9% sequentially and 0.1% YoY.

Overall deal bookings at $3.3Bn; Large deal booking at $0.9Bn.

Operating cash flows at 135.4% of net income

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2025.

Highlights of the Results

Results for the Quarter ended December 31, 2025:

1. Gross revenue at Rs 235.6 billion ($2,622.0 million¹), increase of 3.8% QoQ and 5.5% YoY.
2. IT services segment revenue was at $2,635.4 million, increase of 1.2% QoQ and 0.2% YoY.
3. Non-GAAP² constant currency IT Services segment revenue increased 1.4% QoQ and decreased 1.2% YoY.
4. Total bookings³ was at $3,335 million, down 5.7% YoY in constant currency². Large deal bookings⁴ was at $871 million, decrease of 8.4% YoY in constant currency².
5. IT services operating margin⁵ for Q3’26 was 17.6%, expansion of 0.9% QoQ and 0.1% on YoY basis.
6. Net income for the quarter was at Rs 31.2 billion ($347.2 million¹), decrease of 3.9% QoQ and 7.0% YoY.
7. Earnings per share for the quarter at Rs 2.98 ($0.03¹), decrease of 3.9% QoQ and 7.2% YoY.
8. Adjusted for impact of labour code changes⁶, Net Income for the quarter was Rs 33.6 billion ($374.3 million¹), increase of 3.6% QoQ and 0.3% YoY and EPS for the quarter was Rs 3.21 ($0.04¹), increase of 3.5 % QoQ and flat YoY.
9. Operating cash flows of Rs 42.6 billion ($474.1 million¹), increase of 25.7% QoQ and decrease of 13.6% YoY and at 135.4% of Net Income for the quarter.
10. Voluntary attrition was at 14.2% on a trailing 12-month basis.

Outlook for the Quarter ending March 31, 2026.

We expect revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million*. This translates to sequential guidance of 0% to 2.0% in constant currency terms.

*Outlook for the Quarter ending March 31, 2026, is based on the following exchange rates: 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.

Performance for the Quarter ended December 31, 2025.

Srini Pallia, CEO and Managing Director, said, “In Q3, we delivered broad‑based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI‑enabled platforms and solutions, scaled AI‑led delivery through WINGS and WEGA, and expanded our innovation network across global locations.”

Aparna Iyer, Chief Financial Officer, said, “Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of Rs 6 per share which will take the total payout for the year to $1.3 Bn.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = Rs 89.84, as published by the Federal Reserve Board of Governors on December 31, 2025. However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2025, was US$1= Rs 88.71
2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.
3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.
6. Adjusted for impact of past service cost on gratuity due to implementation of new labour code amounting to Rs 3,028Mn for the three and nine months ended December 31, 2025, is included in the table title “Reconciliation for Adjusted Net Income and Adjusted EPS” at the end.

Highlights of Strategic Deal Wins-

In Q3’26, Wipro continued to win large and strategic deals across industries. Key highlights include:

1. A global technology leader has renewed its decade-long relationship with Wipro to advance trust and safety operations across its platforms. With thousands of specialists deployed worldwide, Wipro will continue to refine and train AI and machine learning models to align with the client’s content policies. This large deal win reinforces Wipro’s ability to deliver scalable, high-impact services that enhance user safety, strengthen platform integrity, and deliver responsible digital experiences for the client.
2. Wipro has renewed and expanded its decade-long strategic partnership with a US-based national health insurance organization. Through the multi-year engagement, Wipro will continue to provide comprehensive member enrollment and management services, ensuring that senior citizens and children can seamlessly enroll and access healthcare benefits. Wipro leverages its proprietary PayerAI solution, part of Wipro Intelligence^TM, to offer a scalable, AI-infused SaaS platform that features intelligent automation, agentic AI capabilities, and highly configurable workflows. This engagement will significantly boost productivity, enhance operational agility, and unlock cost efficiencies for the client.
3. A prominent North American household furnishings manufacturer has selected Wipro to modernize its technology landscape and accelerate innovation across its enterprise applications. This multi-year engagement focuses on driving automation and embedding AI at scale. The Wipro team will leverage AI accelerators to deliver predictive insights, automate workflows, and enhance user experience. Additionally, Wipro will help set up a Center of Excellence to fast-track AI adoption and unlock new business value. These initiatives will also enable the client to modernize legacy systems and improve business agility to drive operational excellence and support future growth.
4. A leading UK-based facilities management company has extended its long-standing relationship with Wipro and signed a multi-year agreement to accelerate enterprise-wide transformation. The engagement will deploy Wipro Intelligence™, Wipro’s unified suite of AI-powered platforms, solutions, and transformative offerings, to drive automation, predictive analytics, and conversational AI to modernise core functions, improving speed, accuracy, and resilience. Automated patching and intelligent monitoring will strengthen infrastructure reliability, while workflow and change management programs will reduce manual effort and enhance client experience. These initiatives are expected to deliver significant cost savings, boost operational efficiency, and strengthen client’s position as a technology-led facility transformation in the industry.
5. One of the world’s largest food and beverage goods companies, headquartered in Europe, has selected Wipro to accelerate the transformation of its global Digital Workplace and enterprise support ecosystem. Wipro secured a significant multi-year engagement to modernize and support the organisation’s global workforce systems and enhance employee productivity. This initiative, one of the client’s most expansive workplace transformation programs, will leverage Wipro Intelligence™–a unified suite of AI-powered platforms, solutions and transformative offerings–as well as real time voice translation capabilities to elevate the employee experience at scale.
6. A major European insurance provider has engaged Wipro in a multi-year strategic program to reimagine its infrastructure landscape and accelerate its hybrid cloud journey. Wipro will deliver a comprehensive suite of services across data center, networking, security, databases, and storage, while enabling a seamless transition to a future-ready hybrid cloud model. Leveraging AI for observability, automation, and standardisation, this solution will enhance agility, resilience, and operational efficiency. This initiative will strengthen regional presence and ensure cultural alignment to deliver faster response times, improved service reliability, and reduced operational risk, enabling the client to accelerate innovation and improve customer experience.
7. One of India’s top banking and financial services institutions has selected Wipro for a multi-year engagement to accelerate its digital transformation and strengthen its technology foundation. Wipro will modernize core IT operations, manage critical banking systems, and deliver a secure, cloud-enabled infrastructure to enhance operational resilience and customer experience. The solution leverages Wipro Intelligence™ to enable automation, robust cybersecurity, and streamlined enterprise application operations, ensuring uninterrupted services and scalability. Wipro will also orchestrate advanced solutions for payments, capital markets, retail and wholesale banking, and risk and compliance, alongside developing an automated system for key processes. This transformation will drive measurable improvements in efficiency, security, and agility, enabling the client to innovate at scale and deliver seamless experiences in an increasingly digital-first environment.
8. A leading Southeast Asian airline has renewed its longstanding strategic engagement with Wipro to elevate customer interaction capabilities across multiple touchpoints. Leveraging deep industry expertise and Wipro Intelligence™, the team will support a wide spectrum of customer journeys including member account services, loyalty programs, reservations, ticketing and redemption, disruption management, and digital channel support for the airline’s website and mobile app. This engagement will deliver faster resolutions, improved service consistency, and superior governance compliance through real-time decision-making, optimised staffing, and enhanced transparency. The renewed collaboration reinforces Wipro’s position as a trusted strategic partner, driving intelligent, scalable, and experience-led customer servicing.
9. In a strategic AI-led engagement, Wipro was selected by a leading global communications technology company to transform its finance and accounting operations using advanced agentic AI. The solution supported by Wipro’s WEGA orchestration for enterprise-grade governance will introduce smart automation agents to handle tasks like invoice processing, reconciliations, and reporting across multiple systems. These AI agents will interpret documents, apply financial logic such as accounting rules, validations, and matching criteria, and execute workflow actions with audit-ready transparency. The engagement will accelerate financial processes, improve accuracy, strengthen compliance, and create a scalable foundation for rapid growth and new capabilities.
10. A global telecommunications technology company has selected Wipro to deliver an AI-infused transformation by accelerating its Software Development Lifecycle. Leveraging AI-powered automation agents built on the WEGA platform, the solution simplifies code analysis, reviews, validations, and routine tasks, driving greater speed, accuracy, and governance. Supported by Wipro’s enterprise-grade Agentic AI framework, these intelligent agents will streamline workflows, enforce enterprise standards, and accelerate delivery cycles. This transformation enhances code quality and compliance while also establishing a scalable architecture enabling rapid onboarding of additional AI agents and seamless expansion.
11. Wipro has been chosen by a U.S.-based health insurer to modernize and manage operations across its Commercial, Medicare, and Medicaid businesses. Leveraging its proprietary PayerAI solution, part of Wipro Intelligence^TM, Wipro will deploy automation and AI-infused capabilities across the client’s claims processing, member and provider enrolment, data management, and configuration of core health systems. The AI-driven Provider Roster Management System and Claims Inventory Management System will streamline complex provider data processes and improve accuracy. Through this engagement, Wipro will deliver measurable improvements in operational efficiency, scalability, and cost optimization, while ensuring compliance and better service delivery.
12. Wipro has renewed its multi-year engagement with a leading US-based regional healthcare organization to enhance the client’s operational excellence and compliance. Through its proprietary PayerAI solution, part of Wipro Intelligence^TM, Wipro has implemented a scalable AI-infused SaaS platform that automates reconciliation of state beneficiary enrollment and payment data with health plan membership and expected payments. This solution ensures accurate payment alignment, strengthens revenue integrity, supports regulatory compliance, and reduces administrative burden, enabling the client to achieve efficiency at scale.