Wipro Limited has released the transcript of its Q3 FY'26 Earnings Conference Call, which was held on January 16, 2026. The call featured insights from CEO & MD Srini Pallia, CFO Aparna Iyer, CHRO Saurabh Govil, and CTO Hari Shetty.

During the call, Wipro highlighted its strategic focus on AI, emphasizing its "Wipro Intelligence" approach which is anchored on three pillars: industry platforms and solutions, delivery platforms (WINGS and WeGA), and the Wipro Innovation Network. The company showcased two large deal wins leveraging this approach: a multi-year transformation for a global education provider in the UK and a similar transformation for a US-based fitness technology company.

Financially, Wipro reported IT Services sequential revenue growth of 1.4% in constant currency, reaching $2.64 billion. Excluding the HARMAN DTS acquisition, growth was 0.6%. Operating margins stood at 17.6%, an expansion of 0.4% sequentially. Total contract value closed at $3.3 billion, with large deal bookings at $871 million. The company also noted two one-off charges impacting net income: INR 302 crore for gratuity expenses and INR 263 crore for restructuring.

Looking ahead, Wipro projected sequential IT Services revenue growth of 0% to 2.0% in constant currency for Q4 FY'26. The company also welcomed HARMAN DTS employees, noting the acquisition strengthens engineering and AI capabilities and opens new markets.

The transcript also addressed performance in various sectors. BFSI and Health showed strong traction, while Consumer and EMR faced challenges due to macroeconomic factors and client-specific issues. The company acknowledged delays in the ramp-up of certain large deals, impacting the near-term growth trajectory, but expressed confidence in their eventual conversion.