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Wipro Reports Q1 Results: Mixed Performance with Strong Deal Momentum

Wipro Limited announced its Q1 financial results, showing a 7% YoY decrease in consolidated net profit to ₹3,336.00 crore and a 1.65% YoY decline in revenue to ₹22,134.00 crore. Despite these declines, the company reported strong deal momentum with total bookings up 50.7% YoY to $4,971.00 million. Large deal bookings increased significantly by 130.8% YoY to $2,666.00 million. The company secured strategic deals across various sectors and declared an interim dividend of ₹5.00 per equity share/ADS. For Q2, Wipro expects IT Services revenue to be between $2,560.00 million to $2,612.00 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Focuses on AI-Powered Transformation

Wipro's Q1 results show a 2.3% YoY revenue decline to $2,587.40 million, but net income increased 10.9% to ₹33.30 billion. Operating margin improved to 17.3%. Total bookings grew 50.7% YoY to $4,971.00 million, with large deal bookings up 130.8%. The company is focusing on AI-powered solutions and expects Q2 revenue between $2,560.00-$2,612.00 million. An interim dividend of ₹5.00 per share was declared. Wipro is investing in AI capabilities and sustainability initiatives.

17Jul 25

Wipro Aims to Hire 10,000 New Graduates Amid Strong Financial Performance

Wipro Limited plans to hire 10,000 new graduates in the current fiscal year. The company reported impressive Q1 FY2026 results with revenue at ₹221.30 billion, a 0.80% year-on-year increase, and net income growing by 10.90% to ₹33.30 billion. Wipro demonstrated strong deal-winning capabilities with total bookings of $4,971.00 million, up 50.70% year-on-year. The company expects IT Services revenue between $2,560.00 million to $2,612.00 million for the next quarter. An interim dividend of ₹5.00 per equity share/ADS was declared.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Declares Interim Dividend

Wipro Limited announced its Q1 FY2024 results. Revenue decreased 2.3% YoY to ₹221.30 billion, while net income grew 10.9% to ₹33.30 billion. IT Services revenue fell 1.5% YoY to $2,587.40 million. Operating margin expanded by 0.8% to 17.3%. Total bookings increased 50.7% YoY to $4,971.00 million, with large deal bookings up 130.8%. The company declared an interim dividend of ₹5.00 per share. For Q2, Wipro expects IT Services revenue between $2,560.00-$2,612.00 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Large Deal Bookings Surge 131%

Wipro's Q1 FY2024 results show revenue of ₹221.30 billion ($2,581.60 million), down 1.6% QoQ but up 0.8% YoY. IT Services segment revenue was $2,587.40 million, decreasing 0.3% QoQ and 1.5% YoY. Operating margin improved to 17.3%, up 0.8% YoY. Net income reached ₹33.30 billion ($388.40 million), down 6.7% QoQ but up 10.9% YoY. Large deal bookings surged to $2,666.00 million, growing 49.7% QoQ and 130.8% YoY. BFSI remained the largest revenue contributor at 33.6%. For Q2, Wipro projects IT Services revenue between $2,560.00 million to $2,612.00 million.

17Jul 25

Wipro Projects Q2 FY26 Revenue of $2.56-2.61 Billion, Reports Strong Q1 Order Bookings

Wipro expects IT Services revenue of $2.56-2.61 billion for Q2 FY26, projecting -1.0% to 1.0% sequential growth in constant currency. Q1 FY26 order bookings reached $4.97 billion TCV, showing significant increase. CEO Srinivas Pallia highlighted 16 large deals, including two mega deals, amid macroeconomic uncertainty. The company focuses on AI-powered solutions and consulting-led engagements for growth.

17Jul 25

Wipro Declares ₹5 Interim Dividend for Q1 FY2026, Reports Steady Financial Performance

Wipro declared an interim dividend of ₹5 per equity share for Q1 FY2026. The company reported revenue of ₹221.30 billion, up 0.80% YoY. Net income increased by 10.90% YoY to ₹33.30 billion. Total bookings grew by 50.70% YoY, with large deal bookings up 130.80%. IT Services Operating Margin improved by 0.80% YoY. For Q2, Wipro projects IT Services revenue between $2,560 million to $2,612 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips, Declares Interim Dividend Amid AI-Driven Transformation

Wipro Limited announced its Q1 FY2024 results, reporting a 1.6% QoQ decrease in revenue to ₹221,346 million ($2,581.60 million), but a 10.9% YoY increase in net income to ₹33,304 million ($388.40 million). The company's operating margin improved by 0.8% YoY to 17.30%. Total bookings grew by 24.10% QoQ and 50.70% YoY in constant currency. The Board declared an interim dividend of ₹5 per equity share/ADS. Wipro is focusing on becoming an AI-powered organization, having built over 200 AI agents. For Q2, the company expects IT Services revenue between $2,560 million to $2,612 million.

16Jul 25

Wipro Ltd: Q1 Revenue Expected to Dip Despite New European Contracts

Wipro Ltd is set to announce its Q1 FY26 financial results on July 17. Despite securing major contracts in Europe during the April-June quarter, the company is expected to report a slight decrease in both revenue and operating margin. The anticipated decline, even with new contract wins, may indicate broader challenges in the Indian IT sector.

16Jul 25

Wipro Executive Highlights Steady Demand Amid Uncertain Business Environment

A senior Wipro executive reports stable demand for IT services but notes an uncertain business environment. The executive cites tariffs and geopolitical issues as key factors contributing to the uncertainty. While there's no significant deterioration or improvement in demand, the IT sector faces challenges in navigating global trade tensions and geopolitical complexities.

15Jul 25

Wipro Braces for Subdued Q1 FY2026 Performance Amid Weak Client Spending

Wipro Ltd is set to release its Q1 FY2026 results on Thursday, with analysts anticipating a muted performance. A sequential revenue decline is projected due to weak client spending, especially in European markets. Q2 guidance is forecasted between -1.50% to 0.50% sequential growth. Margin pressure is expected due to lower utilization and limited pricing power. This performance reflects broader trends in the IT services sector as companies reassess technology spending amid economic uncertainties.

27Jun 25

Wipro Set to Acquire Majority Stake in French Aerospace Supplier Lauak

Wipro, an Indian IT and consulting company, is reportedly acquiring a 51% stake in Lauak, a French aerospace supplier. This strategic move marks Wipro's expansion into the aerospace sector, potentially diversifying its portfolio beyond core IT services. The acquisition could enhance Wipro's presence in the European aerospace market, provide access to Lauak's expertise and client base, and create opportunities for technological synergies between IT and aerospace sectors.

23Jun 25

Wipro Extends Investment Completion Timeline for Ampin Energy C&I One

Wipro has announced an extension to the expected completion date of its investment in Ampin Energy C&I One Pvt Ltd. The deal, originally set to conclude by June 30, 2025, is now anticipated to be completed by March 31, 2026, adding a nine-month extension to the timeline. The investment signifies Wipro's interest in diversifying its portfolio, potentially in the commercial and industrial energy sector.

16Jun 25

Wipro Faces Potential Business Impact as Major Client Marelli Files for Bankruptcy

Wipro Limited, a leading Indian IT services company, is facing a potential business challenge as one of its major clients, Marelli, a prominent player in the global automotive industry, has filed for bankruptcy. This development could impact Wipro's revenue stream and project pipeline, particularly in the automotive and manufacturing sectors. The situation may lead to uncertainty in ongoing projects, potential reduction in future business opportunities, and possible financial implications for Wipro. The company has not yet released an official statement regarding this development.

13Jun 25

Wipro Report: US Insurers Set to Double AI Investment in Coming Years

Wipro Limited has released a report titled 'The AI Advantage: Building Tomorrow's Insurance Enterprise', revealing that US insurance companies plan to increase their AI investment from 8% to 20% of IT budgets within the next 3-5 years. This significant increase in AI adoption is expected to enhance operational efficiency, improve risk assessment, personalize customer experiences, advance fraud detection, and drive innovation in insurance products and services.

12Jun 25

Wipro Reports U.S. Insurance Firms Set to Triple AI Investment in IT Budgets

Wipro Limited's report indicates that U.S. insurance companies plan to increase their AI allocation in IT budgets from 8% to 20% over the next 3 to 5 years. This significant boost in AI investment is expected to drive innovation in risk assessment, claims processing, customer service, and data analytics within the insurance sector. Wipro, as a global IT services provider, is well-positioned to benefit from this trend.

11Jun 25

Wipro Shares Surge in Trading Volume with 72.6 Million Shares Changing Hands

Wipro Limited experienced significant trading activity with approximately 72.6 million shares changing hands through four block trades. This resulted in a 1.7% change in the company's equity structure. The large-scale transactions suggest heightened interest from institutional investors or major stakeholders, potentially influencing investor sentiment and the stock's short-term performance.

11Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has renewed its strategic alliance with Metro AG, a leading international wholesale company, for an additional two years. The extended partnership involves Wipro continuing to provide integrated digital services to support Metro AG's digital transformation efforts and operational efficiency. This renewal secures a steady revenue stream for Wipro and reinforces its position in the global IT services market, particularly in the retail and wholesale sector.

10Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has extended its partnership with Metro AG, a global food wholesaler, for two more years. Wipro will continue providing integrated digital services including cloud solutions, data management, application development, and AI-enabled IT support. The collaboration has already resulted in 80% of Metro's on-premise infrastructure being migrated to the cloud, enhancing customer responsiveness and cyber resilience. This extension underscores the success of their existing collaboration and Wipro's expertise in digital transformation within the retail sector.

10Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has extended its collaboration with Metro AG, a leading international wholesale company, for an additional two years. Wipro will continue to provide integrated digital services to support Metro's digital transformation and operational efficiency. This extension reinforces Wipro's position in the global retail technology landscape and is expected to strengthen its foothold in the European market. While specific financial details were not disclosed, the partnership is likely to contribute positively to Wipro's service revenue.

09Jun 25

Wipro Strengthens Middle East Presence: Relocates Regional HQ to Riyadh

Wipro has moved its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. Mohamed Mousa has been appointed as the Managing Director for the Middle East region. The company signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh for training local talent. This move aligns with Saudi Arabia's Vision 2030 and positions Wipro to contribute significantly to the kingdom's digital transformation efforts.

09Jun 25

Wipro Strengthens Middle East Presence with New Riyadh Headquarters

Wipro has moved its Middle East regional headquarters to Riyadh, Saudi Arabia, strengthening its presence in the region. The company also signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh. This center aims to develop local tech talent, drive innovation, create jobs for Saudi nationals, and support the kingdom's digital transformation goals. The move aligns with Saudi Arabia's Vision 2030 initiative and positions Wipro to better serve regional clients and tap into the growing technology market in the Middle East.

09Jun 25

Wipro Shares Surge on ₹5,057 Crore Block Deal

Wipro Ltd experienced a share price increase of up to 2% following a significant block deal. The transaction involved 20.23 crore shares, representing approximately 2% of the company's outstanding equity, executed at ₹250.00 per share. The total value of the deal amounted to ₹5,057.00 crore. The identities of the parties involved in the transaction remain undisclosed. The positive stock price reaction suggests favorable market sentiment towards this development.

09Jun 25

Wipro Witnesses Massive Block Trade of 201.9 Million Shares

A significant block transaction involving 201.9 million shares of Wipro (NSE: WIPRO) has occurred, attracting market attention. This large-scale trade represents a substantial portion of Wipro's outstanding shares and could indicate shifts in ownership or investment strategies. The transaction demonstrates high liquidity in Wipro's stock and may suggest strong institutional interest. While the reasons for the trade are undisclosed, it highlights the dynamic nature of the market and ongoing interest in Wipro shares.

29May 25

Wipro Expands Global Innovation Network with New Tech Centers and Bengaluru Lab

Wipro Limited has announced the launch of its global 'Wipro Innovation Network' to accelerate co-innovation with clients. The company plans to open new innovation centers in London, Dubai, Sydney, and a second center in the US within the first quarter. These centers will focus on frontier technologies like AI, Quantum Computing, and Digital Ledger Technology. Wipro has also inaugurated a 60,000 square feet innovation lab in Bengaluru, India, designed to advance the company's AI-powered vision. This global initiative aims to reshape collaborative technological advancement in the IT services sector.

27May 25

Wipro Expands Footprint: New Subsidiary Established in Tianjin, China

Wipro Limited has incorporated a new step-down subsidiary in Tianjin, China, marking a significant move in its international expansion strategy. The subsidiary's establishment in this major industrial and port city suggests Wipro's intent to enhance its presence in the Chinese market. While specific details about the subsidiary's operations and investment scale remain undisclosed, this move could potentially provide Wipro with improved market access, industrial synergies, and access to a skilled workforce in China.

14May 25

Wipro Secures Digital Transformation Deal with Hachette UK

Wipro Limited has announced a partnership with Hachette UK to implement SAP S/4HANA, marking a significant step in Hachette UK's digital transformation journey. This collaboration aims to enhance Hachette UK's business operations through advanced technology solutions. The implementation is expected to streamline operations, enhance decision-making capabilities, and provide scalability for future growth in the publishing industry.

29Apr 25

Wipro Secures IT Ecosystem Management Deal with Vorwerk, Boosting Digital Transformation Efforts

Wipro Limited has announced a five-year partnership with Vorwerk, a leading European direct sales company, to manage and transform its IT ecosystem. Wipro will use AI-powered infrastructure operations to enhance Vorwerk's operations, consolidate business applications, infrastructure, and cybersecurity onto a unified monitoring platform. The collaboration aims to improve visibility, operational efficiency, cybersecurity, customer engagement, product standardization, and time to market. Wipro will also build an end-to-end support portal to enhance user experience.

28Apr 25

Wipro Secures Major IT Transformation Deal with Vorwerk

Wipro Limited has announced a five-year partnership with Vorwerk to manage and transform the European company's IT ecosystem. Wipro will implement AI-powered solutions, consolidate Vorwerk's business applications, infrastructure, and cybersecurity onto a unified platform, and develop a technology roadmap for intelligent products. The collaboration aims to enhance operational efficiency, improve cyber-risk management, and enrich customer engagement.

25Apr 25

Wipro Launches GitHub Center of Excellence to Boost AI Innovation

Wipro Limited has established a GitHub Center of Excellence in Bengaluru to accelerate AI innovation capabilities. The CoE, part of Wipro's ai360 initiative, will integrate tools like Microsoft M365 and GitHub Copilot into software engineering processes. Wipro will deploy AI champions and offer training initiatives to equip associates with GitHub expertise. This move aims to enhance collaboration, productivity, and efficiency in development teams, promising faster delivery of high-quality solutions and reduced time-to-market for clients.

24Apr 25

Wipro Unveils GitHub Center of Excellence to Propel AI Innovation

Wipro Limited has established a GitHub Center of Excellence in Bengaluru as part of its ai360 initiative. The CoE aims to accelerate AI innovation by integrating advanced tools like Microsoft M365 and GitHub Copilot into software engineering processes. It will feature AI champions, comprehensive training, standardized development practices, and a Community of Practice. This move is expected to enhance collaboration, productivity, and efficiency in AI development, ultimately benefiting clients through faster delivery and more innovative solutions.

17Apr 25

Wipro Reports Q4 and FY2025 Results: Net Income Grows 25.9% YoY in Q4

Wipro Limited announced its Q4 and FY2025 financial results. Q4 gross revenue increased 0.80% QoQ to ₹225.00 billion, while IT Services segment revenue decreased 1.20% QoQ. Net income rose 6.40% QoQ to ₹35.70 billion. For FY2025, gross revenue decreased 0.70% YoY, but net income increased 18.90% YoY. Large deal bookings grew 48.50% YoY in Q4. The company expects Q1 FY2026 IT Services revenue to be between $2,505.00 million and $2,557.00 million, projecting a -3.50% to -1.50% sequential growth in constant currency.

16Apr 25

Wipro Reports Strong Q4 and FY25 Results Amid BFSI Challenges in Europe

Wipro Limited announced its Q4 and FY25 financial results, showing resilience despite headwinds. Q4 IT Services revenue declined 1.20% QoQ to ₹224,453 million, while Net Income increased 6.40% QoQ to ₹35,696 million. FY25 IT Services revenue decreased 2.70% YoY, but Net Income grew 18.90% YoY. The company secured two mega deals and improved client satisfaction scores. However, Wipro faces challenges in the European BFSI sector. Q1 FY26 guidance projects IT Services revenue between $2,505-$2,557 million, indicating a -3.50% to -1.50% sequential change in constant currency.

16Apr 25

Wipro Reports Mixed Q4 Results: Capco Growth Offset by Global Uncertainty

Wipro Limited reported mixed Q4 FY25 results with gross revenue up 1.30% YoY to ₹225.00 billion. Net income increased 25.90% YoY to ₹35.70 billion. Capco subsidiary grew 11.50% YoY. Total bookings rose 13.40% QoQ to $3,955.00 million. IT services segment revenue declined 2.30% YoY. The company acknowledged global industry uncertainty affecting client IT investments. Wipro provided Q1 FY26 IT Services revenue guidance of -3.50% to -1.50% in constant currency terms.

16Apr 25

Wipro Reports Q4 FY2025 Results: Net Income Grows 6.4% QoQ, Revenue Remains Flat

Wipro Limited announced its Q4 and FY2025 financial results. Q4 gross revenue increased 0.80% QoQ to ₹225.00 billion, while net income grew 6.40% QoQ to ₹35.70 billion. IT Services revenue declined 1.20% QoQ. For FY2025, gross revenue slightly decreased by 0.70% YoY, but net income rose 18.90% YoY. The company reported improved margins and significant growth in large deal bookings. However, Wipro expects a sequential revenue decline in Q1 FY2026.

16Apr 25

Wipro's Q4 FY2023 Results: Profit Rises, Revenue Falls Short; ADR Drops 3% on NYSE Following Weak Q1 Forecast

Wipro's Q4 FY2023 results show a rise in net profit to ₹35.70 billion, up from ₹33.54 billion in Q3. Revenue increased slightly to ₹225.00 billion, falling short of the estimated ₹231.13 billion. The IT Services segment faced headwinds due to global economic conditions. Wipro forecasts a 1.5% to 3.5% sequential decline in Q1 revenue. The company's ADR fell 3.19% on the NYSE following the results announcement.

31Mar 25

Wipro Streamlines Group Structure: Attune Netherlands Transfers Stake in Rizing Consulting

Wipro Limited has announced an internal restructuring where its subsidiary, Attune Netherlands B.V., has transferred its entire shareholding in Rizing Consulting USA, Inc. to another Wipro subsidiary, Rizing LLC, effective March 31, 2025. This move aims to rationalize and simplify the group structure. As a result, Rizing LLC now owns 100% of Rizing Consulting USA, Inc. The transaction was disclosed in compliance with SEBI regulations.

26Mar 25

Wipro Secures £500 Million Deal with Phoenix Group for Admin Services

Wipro Limited has signed a 10-year agreement worth £500 million ($650 million) with Phoenix Group, the UK's largest long-term savings and retirement business. Wipro will provide comprehensive administrative services for Phoenix Group's ReAssure business, including policy administration, claims processing, and customer service support. The deal involves managing and modernizing the core policy administration ALPHA platform using AI, Automation, Cloud, and Digital transformation technologies. Wipro will establish additional technology and operational service hubs in the UK, with some Phoenix employees transitioning to Wipro.

24Mar 25

Wipro Unveils AI Agent Solutions for Healthcare, Streamlining Operations

Wipro Limited has introduced innovative AI-driven autonomous agents for the healthcare industry, powered by Agentforce. These agents aim to improve patient experiences, provider services, and payer operations. Key features include simplified provider network management, automated verification of critical information, and cross-industry applications. The technology is expected to streamline processes, reduce administrative burdens, and lower operational costs in healthcare. Wipro also announced the voluntary de-registration of its subsidiary Crowdsprint Pty Ltd - Australia, effective March 21, 2025.

19Mar 25

Wipro Unveils Sovereign AI Services in Global Partnership with NVIDIA

Wipro Limited has announced a collaboration with NVIDIA to provide Sovereign AI services to governments and enterprises worldwide. The partnership aims to develop country-specific AI solutions that enhance citizen experiences while ensuring data sovereignty and security. Wipro's WeGA Studio and NVIDIA AI Enterprise software will power locally governed AI frameworks. The initiative includes an agentic AI ecosystem, customized language models, responsible AI accelerators, and privacy-compliant solutions. The technology stack utilizes NVIDIA's advanced tools for scalable AI architectures. This collaboration has already shown promise in a project with the Tourism Authority of Thailand.

15Mar 25

Wipro Unveils Major Restructuring: Realigns Global Business Lines to Boost Growth

Wipro Limited is restructuring its global business lines effective April 1, 2025. The company will introduce four Global Business Lines: Technology Services, Business Process Services, Consulting Services, and Engineering. This strategic move, led by CEO Srini Pallia, aims to align operations with client needs and industry trends. Key leadership changes include Jasjit Singh Kang's appointment as Global Head of Business Process Services and Jo Debecker's departure. The restructuring is designed to sharpen Wipro's focus on client needs with consulting-led and AI-powered solutions.

14Mar 25

Wipro Unveils Strategic Business Realignment for 2025, Appoints New Leadership

Wipro Limited has announced a significant realignment of its business lines, effective April 1, 2025. The company will maintain four Global Business Lines (GBLs) focused on Technology Services, Business Process Services, Consulting Services, and Engineering. This restructuring aims to enhance Wipro's go-to-market capabilities and align with evolving client demands. Key leadership changes include the appointment of Jasjit Singh Kang as Managing Partner and Global Head of Business Process Services, while Jo Debecker will be leaving the company. CEO Srini Pallia emphasized that this evolution will sharpen focus on client needs with consulting-led and AI-powered solutions.

05Mar 25

Wipro Unveils TelcoAI360: A Game-Changer for Telecom Industry at MWC 2025

Wipro Limited has introduced TelcoAI360, an AI-powered platform for telecom companies, at the Mobile World Congress 2025. Developed in collaboration with ServiceNow, the platform aims to transform telecom operations by offering automation, enhanced security, scalable AI solutions, cost reduction, faster time to market, and improved customer experience. Key features include unified integration, intelligent automation, AI-enabled security, customizable user experience, standardized APIs, cloud flexibility, and comprehensive lifecycle management.

26Feb 25

Wipro Injects $200 Million into Its Venture Arm, Boosting Innovation Strategy

Wipro Limited has announced a $200 million investment into Wipro Ventures, its strategic investment arm. This marks the fourth round of funding since 2015, aimed at accelerating investments in early to mid-stage startups focusing on emerging technologies. Over the past decade, Wipro Ventures has invested in 37 startups, with 250 Wipro customers using deployed solutions globally and 12 successful exits. The investment reaffirms Wipro's commitment to fostering innovation and creating value for its global client base.