Wipro Ltd., one of India’s leading IT services firms, reported a strong fourth-quarter performance for FY25, posting a 25.9% year-on-year increase in consolidated net profit, which reached ₹3,569.6 crore. Despite this encouraging performance, the company has issued a cautious revenue forecast for the first quarter of FY26 amid persistent global economic uncertainties.
Revenues for the January–March quarter stood at ₹22,504.2 crore, representing a modest 1.33% increase compared to the same period last year. Earnings per share rose significantly by 25.8% year-on-year, climbing to ₹3.4 (USD 0.04).
Looking ahead, Wipro expects revenue from its core IT services segment to range between $2,505 million and $2,557 million for Q1FY26. This implies a sequential decline of 1.5% to 3.5% in constant currency terms. The company attributes the muted outlook to macroeconomic headwinds and geopolitical tensions, including fluctuating U.S. tariffs, which have had a ripple effect across global markets.
Srini Pallia, who recently took over as CEO and Managing Director, acknowledged the mixed signals from the market. “While the demand for technology transformation remains resilient, macroeconomic factors are prompting clients to adopt a more cautious approach,” he said. “We are focused on building strong partnerships with clients and sustaining consistent, profitable growth.”
Despite the subdued forecast, Wipro continues to make strategic progress. The company closed two significant deals during the quarter, expanded relationships with top-tier clients, and reported a rise in large-deal bookings. According to Pallia, client satisfaction scores have also improved, a testament to the company’s execution capabilities and deep client engagement.
On the operational front, Wipro maintained a stable workforce, with the total headcount rising slightly to 2,33,346 compared to 2,32,614 last year. The company onboarded approximately 10,000 new employees in FY25, achieving its hiring targets, confirmed Chief Human Resources Officer Saurabh Govil.
Chief Financial Officer Aparna Iyer emphasized Wipro’s focus on operational discipline. “Even in a softening revenue environment, our commitment to execution excellence has helped us expand margins. We aim to maintain this margin within a stable band in the upcoming quarters,” she noted.
As part of its financial disclosures, Wipro declared an interim dividend of ₹6 per share, which will serve as the final dividend for FY25.
Wipro becomes the second major Indian IT company to announce its Q4 earnings this season, following Tata Consultancy Services (TCS). TCS had earlier flagged similar concerns, citing a 1.7% decline in net profit amid economic pressures.
With both giants acknowledging headwinds, analysts expect a challenging period ahead for India’s IT sector as global trade tensions and cautious tech spending weigh on growth prospects.
