Wipro Limited has announced plans to hire 10,000 new graduates in the current fiscal year, signaling a robust growth strategy despite global economic uncertainties. This recruitment drive comes on the heels of the company's strong financial performance for the quarter ended June 30, 2025.

Financial Highlights

Wipro reported impressive financial results for Q1 FY2026:

• Revenue stood at ₹221.30 billion ($2,581.60 million), marking a 0.80% year-on-year increase.
• Net income grew by 10.90% year-on-year to ₹33.30 billion ($388.40 million).
• Operating margin for IT services expanded by 0.80% year-on-year to 17.30%.
• Earnings per share (EPS) increased by 10.80% year-on-year to ₹3.20 ($0.04).

Strong Deal Momentum

The company demonstrated strong deal-winning capabilities:

Note: Growth figures are in constant currency terms.

Hiring Initiative

Amidst this financial success, Wipro's decision to hire 10,000 new graduates underscores its commitment to talent acquisition and development. This move is likely aimed at supporting the company's growth initiatives and strengthening its workforce to meet increasing client demands.

Leadership Statements

Srini Pallia, CEO and Managing Director of Wipro, commented on the results: "In a quarter shaped by macroeconomic uncertainty, clients prioritized efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half."

Aparna Iyer, Chief Financial Officer, added: "We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income."

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹5.00 ($0.06) per equity share/ADS, further rewarding shareholders.

Outlook

For the quarter ending September 30, 2025, Wipro expects revenue from its IT Services business segment to be in the range of $2,560.00 million to $2,612.00 million, translating to a sequential guidance of -1.00% to 1.00% in constant currency terms.

As Wipro approaches its 80th year, the company continues to demonstrate resilience and adaptability in a challenging global landscape. The planned hiring of 10,000 new graduates, coupled with strong financial performance and deal momentum, positions Wipro for continued growth and innovation in the technology services sector.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, has announced its financial results for the first quarter ended June 30.

Financial Highlights

• Revenue from operations stood at ₹221.30 billion ($2.58 billion), down 2.3% year-over-year (YoY) in constant currency terms.
• Net income grew by 10.9% YoY to ₹33.30 billion ($388.40 million).
• IT Services segment revenue was $2,587.40 million, a decrease of 1.5% YoY.
• Operating margin for the IT Services segment expanded by 0.8% YoY to 17.3%.
• Earnings per share (EPS) increased by 10.8% YoY to ₹3.20 ($0.04).
• Total bookings for the quarter were $4,971.00 million, up 50.7% YoY in constant currency.
• Large deal bookings reached $2,666.00 million, showing a significant increase of 130.8% YoY in constant currency.

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹5.00 ($0.06) per equity share/ADS.

Executive Commentary

Srini Pallia, CEO and Managing Director, said, "In a quarter shaped by macroeconomic uncertainty, clients prioritized efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half. AI is no longer experimental - it's central to our clients' strategies, and we are delivering real impact at scale."

Aparna Iyer, Chief Financial Officer, commented, "We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income."

Strategic Developments

Wipro continues to focus on AI-powered solutions and consulting-led engagements. The company reported winning several strategic deals across various industries, including technology, healthcare, and financial services. Notably, Wipro is leveraging AI to enhance its service offerings and internal operations.

Outlook

For the quarter ending September 30, Wipro expects revenue from its IT Services business segment to be in the range of $2,560.00 million to $2,612.00 million, translating to sequential guidance of -1.0% to 1.0% in constant currency terms.

Conclusion

Despite the challenging macroeconomic environment, Wipro has demonstrated resilience with growth in net income and operating margins. The company's focus on AI-powered solutions and large deal wins positions it for potential growth in the coming quarters. Investors will be watching closely to see how Wipro navigates the ongoing market uncertainties and capitalizes on the increasing demand for AI-driven transformations.