Wipro Limited announced its financial results for the quarter ended December 31, 2025, reporting a gross revenue of ₹235.6 billion ($2,622.0 million), marking a 3.8% increase quarter-over-quarter (QoQ) and a 5.5% year-over-year (YoY). The IT services segment revenue stood at $2,635.4 million, with a 1.2% QoQ increase and a 0.2% YoY increase. On a non-GAAP constant currency basis, IT services segment revenue grew 1.4% QoQ and decreased 1.2% YoY.

The IT services operating margin for Q3 FY26 was 17.6%, showing an expansion of 0.9% QoQ and 0.1% YoY, marking the best margin performance in recent years. Net income for the quarter was ₹31.2 billion ($347.2 million), a decrease of 3.9% QoQ and 7.0% YoY. However, adjusted for the impact of labor code changes, net income increased by 3.6% QoQ and 0.3% YoY to ₹33.6 billion. Earnings per share (EPS) were ₹2.98, a decrease of 3.9% QoQ and 7.2% YoY, but adjusted EPS saw an increase.

Operating cash flows were ₹42.6 billion ($474.1 million), a significant 25.7% increase QoQ and a 13.6% decrease YoY, representing 135.4% of net income. Total bookings were $3,335 million, down 5.7% YoY in constant currency, with large deal bookings at $871 million, an 8.4% decrease YoY. Voluntary attrition was reported at 14.2% on a trailing 12-month basis.

Looking ahead to the quarter ending March 31, 2026, Wipro expects revenue from its IT Services business segment to be between $2,635 million and $2,688 million, indicating a sequential guidance of 0% to 2.0% in constant currency terms. The company also announced an interim dividend of ₹6 per share.

Srini Pallia, CEO and Managing Director, highlighted the broad-based growth and the increasing adoption of AI-enabled platforms and solutions. Aparna Iyer, CFO, emphasized the strong operating cash flow and the best margin performance in years, along with the declared interim dividend.