Wipro announces results for the Quarter ended June 30, 2025

EAST BRUNSWICK, N.J. | BANGALORE, India – July 17, 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  June 30, 2025. 

Highlights of the Results 

Results for the Quarter ended June 30, 2025: 

1. Gross revenue at ₹221.3 billion ($2,581.6 million1), decrease of 1.6% QoQ and increase of 0.8% YoY. 
2. IT services segment revenue was at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. 3. Non-GAAP2 constant currency IT Services segment revenue decreased 2.0% QoQ and 2.3% YoY. 
3. Total bookings3 was at $4,971 million, up by 24.1% QoQ and 50.7% YoY in constant  currency2. Large deal bookings4 was at $2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency2. 
4. IT services operating margin5for Q1’26 was at 17.3%, contraction of 0.2% QoQ and  expansion of 0.8% YoY. 
5. Net income for the quarter was at ₹33.3 billion ($388.4 million1), decrease of 6.7% QoQ and increase of 10.9% YoY. 
6. Earnings per share for the quarter at ₹3.2 ($0.041), decrease of 6.7% QoQ and increase of 10.8% YoY.
7. Operating cash flows of ₹41.1 billion ($479.6 million1), increase of 9.8% QoQ and 2.9% YoY and at 123.2% of Net Income for the quarter. 
8. Declared interim dividend of ₹5 ($0.061) per equity share/ADS.
9. Voluntary attrition was at 15.1% on a trailing 12-month basis.

Outlook for the Quarter ending September 30, 2025 

We expect revenue from our IT Services business segment to be in the range of $2,560 million  to $2,612 million*. This translates to sequential guidance of (-)1.0% to 1.0% in constant currency  terms.  

*Outlook for the Quarter ending Sept 30, 2025, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD  at 1.13, AUD/USD at 0.64, USD/INR at 85.88 and CAD/USD at 0.72 

Performance for the Quarter ended June 30, 2025 

Srini Pallia, CEO and Managing Director, said “In a quarter shaped by macroeconomic  uncertainty, clients prioritised 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, said “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. The board also declared an interim dividend of INR 5 per share. With  this, the total cash returned to shareholders over the last 6 months is more than $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 = ₹85.74, as published by the Federal Reserve Board of Governors on June 30, 2025. However, the realized exchange rate in our IT Services  business segment for the quarter ended June 30, 2025, was US$1= ₹85.34 
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.

Highlights of Strategic Deal Wins  

In Q1’26, Wipro continued to win large and strategic deals across industries. Key highlights  include: 

1. A leading global technology company has chosen Wipro as its exclusive strategic  partner to transform and scale its engineering and application support operations. This  milestone engagement is a direct reflection of the client’s vision to simplify operations,  accelerate innovation, and build a future-ready engineering ecosystem. By  consolidating a fragmented vendor base and establishing a high-impact Centre of  Excellence in India, Wipro is enabling the client to double engineering capacity,  enhance application reliability, and reduce support overhead—while significantly  improving business partner experience. Our co-development of Agentic AI solution  with the client in the enterprise application space marks a pivotal moment in our  journey to embed intelligent, autonomous capabilities into complex enterprise systems  while laying the foundation for enterprise-grade AI adoption. This win is testament to  Wipro’s deep technical expertise, innovation-led delivery, and strategic investments  that position us as a true engineering partner. 
2. A US-based global technology company has awarded Wipro a strategic contract to  enable innovation at scale for its proprietary operating system. Wipro will accelerate  the release of new OS versions by streamlining test engineering, ensuring its  compatibility across applications and devices. By integrating AI-powered tools into the  application development workflow, Wipro will automate test creation, speed up  adaptation of apps to new OS environments, and intelligently assess their quality and  reliability. These enhancements will reduce development cycle time and total cost of  ownership, while improving customer experience and product stability. This  engagement strengthens a partnership spanning more than two decades, built on  deep domain expertise and consistent delivery excellence. 
3. A US-based specialty fashion retailer has chosen Wipro to modernize its business and  IT operations, and transform its consumer interface across contact centers, e commerce, and marketing functions. As the Enterprise partner on AI, Wipro will create  a dedicated AI innovation hub for the client, which will encompass process,  applications, and Infrastructure. Leveraging AI agents, Wipro will help the client deliver  personalized experiences and product recommendations. Further, Wipro will create  an AI-powered solution to accelerate the software development cycle, delivering a  seamless, transparent, and more unified service experience for customers and  employees across digital channels. Ultimately, this strategic transformation will lay the  foundation for a more agile, AI-infused enterprise, helping the client scale, innovate,  and prepare for future growth. 
4. A leading US-based hospitality company has selected Wipro to enhance performance  across their customer life cycle including growth and reservations, customer service,  and payments. Following successful pilots, Wipro was selected to help the client  optimize its operations and scale strategic capabilities, which is part of their business  transformation roadmap. This engagement will enable the client to improve  conversion, increase booking velocity, and ensure best in class customer satisfaction

5. A leading apparel company has selected Wipro to transform its IT infrastructure and  Cybersecurity operations with an AI-first approach. As part of this first-of-its-kind  engagement for the client, Wipro will deploy its proprietary AI platform to streamline operations, improve regulatory compliance, and enhance the overall experience for  the clients’ end-consumers, suppliers, and employees, while delivering significant cost  reductions in IT operations. Wipro will also strengthen the security posture by enabling  AI-powered predictive and preventive operations and automation of security workflows  to improve incident resolution times. Through a unified, AI-led managed services  model, Wipro will help the client improve regulatory compliance and minimize business  disruption through greater operational stability. 
6. A leading US-based healthcare payer has selected Wipro to manage its expanding  operational demands and transform its member experience. Wipro will re-imagine the  client’s prior authorization workflows and clinical case determinations to improve  service delivery and member experience. Wipro will drive measurable impact through  reduced turnaround times, enhanced service levels, and stronger Net Promoter  Scores for the client. 
7. Wipro has been selected by a US-based digital health technology firm to transform its  global customer care and sales operations. Leveraging AI and automation through a  cloud-based platform, Wipro will enable the client’s medical offices and pharmacy  operations with advanced self-service capabilities such as conversational AI and  intelligent query routing. Additionally, GenAI-powered knowledge presentation and  context-aware guidance will be deployed to assist agents and enhance overall service  delivery. This engagement will help the client boost product sales and improve post 

sales service for patients, all while reducing operational costs. Wipro will establish a  global operations delivery model spanning 17 countries and supporting 10 languages,  driving increased market share and improved customer experience for patients. 

8. A US-based global payment company has engaged Wipro in a strategic partnership  to enhance the resilience and reliability of its business-critical applications. As the  client consolidates its technology operations under a more focused partner model,  Wipro will deploy AI-powered Application Management Solutions to reinvent  operations and unify visibility across 120+ application groups. The Wipro team will help  the client optimise business processes for change management, improve observability  and deliver cost efficiency. This engagement will lead to greater operational stability,  support continuous innovation, and improve end-customer experience. 
9. One of Europe’s largest semiconductor manufacturers has selected Wipro to develop  and maintain software products for its automotive division. The engagement will span  the full lifecycle of silicon engineering, helping the client accelerate silicon software  development, improve reliability, and bring innovations to market faster. Wipro is also  integrating AI into the software development process to boost efficiency and enable  smarter engineering decisions. This win reinforces Wipro’s position as a trusted  engineering partner in the global semiconductor industry. 
10. A leading Europe-based medical devices company has selected Wipro to transform  its global quality and regulatory operations. Wipro will consolidate and streamline the  client’s processes through a global delivery model, using AI-powered solutions to  prioritize and allocate customer complaints, identify complaint codes, and enhance  regulatory reporting. This intelligent automation system is expected to significant

improve complaint management, strengthen compliance, and drive operational  efficiency across the client’s product portfolio, while enabling substantial cost  efficiencies, enhanced productivity, and superior service outcomes. 

11. A global leader in enterprise software has selected Wipro to support its expanding  client base through intelligent audit and invoice verification services across the travel  and expense management workflows. Wipro will deliver continuous, round-the-clock  support through a globally distributed team, ensuring timely and precise validation of  expense reports and invoice data. By applying domain expertise and rigorous quality  controls, Wipro will help the client maintain high service standards while scaling  delivery for a growing portfolio. The engagement focuses on improving accuracy,  compliance, and operational efficiency. 
12. Wipro was selected by a global automotive company to transform and streamline its  Enterprise Resource Planning and HR systems using a unified, AI-powered platform.  Wipro will deploy its solutions across Finance, HR, and Procurement—enhancing  operations with intelligent automation, document processing, and predictive insights.  This engagement will drive productivity, optimize resource utilization, and strengthen  the client’s competitive edge. 
13. A leading global bank with a strong APAC presence has selected Wipro to set up a  centralized AI-powered Center of Excellence to accelerate enterprise-wide AI  adoption. Wipro will deploy Agentic AI solutions to enable smarter customer  interactions, automated workflows, and intelligent document handling. The deal will  boost operational efficiency, decision-making speed, and overall user experience for  the client. 
14. A global logistics leader has selected Wipro to transform its supply chain operations  through GenAI-powered solutions. Building on the success of the previously deployed  Gen AI-powered virtual assistants for Finance processes, Wipro will introduce agentic  and assistive AI to optimize procurement and logistics workflows. This engagement  will deliver a significant improvement in operational efficiency and measurable  increase in user satisfaction—enabling smarter, faster decision-making for the client. 
15. A major UK-based utilities provider has selected Wipro to transform its legacy  Geographic Information System (GIS) as part of a multi-year strategy. This Consulting led engagement will leverage Wipro’s deep domain expertise and technical  capabilities to deliver Strategic Asset Management services, shaping the client’s  transformation roadmap and guiding future initiatives. The engagement is expected to  drive significant improvements in operational efficiency and a better customer  experience.

Analyst Recognition 

1. Wipro was ranked as a Leader in Avasant’s Applied AI Services 2024–2025 RadarView™ 2. Wipro was recognized as a Leader in Avasant’s Cybersecurity Services 2025  RadarView™ 
2. Wipro was recognized as a Leader in Everest Group’s Pharmacovigilance (PV)  Operations PEAK Matrix® Assessment 2025 
3. Wipro was positioned as a Leader in ISG Provider Lens™ – Digital Engineering Services  2025 – US & Europe (all quadrants) 
4. Wipro was positioned as a Leader in Avasant’s Banking Digital Services 2025  RadarView™ 
5. Wipro was positioned as a Leader in ISG Provider Lens™ – ServiceNow Ecosystem  Partners 2025 – US & Europe (all quadrants) 
6. Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Energy and  Utilities Service Providers, 2025 
7. Wipro was positioned as a Leader in Everest Group’s Talent Readiness for Next generation Application Services PEAK Matrix® Assessment 2025 
8. Wipro was rated as a Horizon 3 – Market Leader in the HFS Horizons: Intelligent Retail  and CPG Ecosystems, 2025 
9. Wipro was positioned as a Leader in the 2025 Gartner® Magic Quadrant™ for Finance  and Accounting Business Process Outsourcing 
10. Wipro was positioned as a Leader in ISG Provider Lens™ – SAP Ecosystem 2025 – US &  UK (all quadrants) 
11. Wipro was rated as a Leader in Avasant’s Supply Chain Operations Services Business  Process Transformation 2025 RadarView™ 

Source & Disclaimer: *Gartner, “Magic Quadrant for Finance and Accounting Business Process Outsourcing”, Jan  Ambergen, et al, 14 April 2025.  

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IT Products 

1. IT Products segment revenue for the quarter was ₹0.7 billion ($8.5 million1) 2. IT Products segment results for the quarter were ₹0.02 billion ($0.2 million1) 

Please refer to the table on page 13 for reconciliation between IFRS IT Services Revenue and IT  Services Revenue on a non-GAAP constant currency basis.