About the company:
Wipro Limited is a leading Indian multinational corporation specializing in information technology, consulting, and business process services. Founded in 1945 and headquartered in Bengaluru, Wipro operates in over 60 countries, serving industries like financial services, healthcare, manufacturing, retail, and telecommunications. The company provides IT solutions, cloud services, engineering, and digital transformation expertise, helping global clients navigate technological advancements. With a workforce of over 234,000 employees, Wipro is driven by its core values of client success, integrity, and innovation, making it a key player in the global IT industry.
Operational & Business Performance
Americas performed well, with Americas 1 growing 3.9% QoQ, while Europe (-2.7%) and APMEA (-2.1%) remained weak.
Sector-wise Performance:
Healthcare: Strong 6.7% QoQ, 4.5% YoY growth.
BFSI: -1.9% QoQ, but 3.4% YoY growth.
Consumer: -0.9% QoQ, 0.4% YoY growth.
Energy, Manufacturing & Resources (EMR): Weak, -8.7% YoY.
Tech & Communications: -5.3% YoY.
Large Deals:
17 large deals closed, totaling $1 billion.
Key wins include an AI-driven retail transformation deal and a cloud modernization contract for a Middle Eastern airline.
AI & Talent Development:
50,000 employees now hold advanced AI certifications.
Wipro Leadership Institute trained 600 leaders in FY25.
Strategic Priorities & Outlook
Stronger execution, cost optimization, and AI investments driving profitability.
Improving deal pipeline in BFSI and Healthcare, while Europe and APMEA need recovery.
Expectations of gradual recovery in discretionary spending in upcoming quarters.
Here is Wipro’s Financial Performance (Last 3 Quarters – FY25) in INR Crore:
| Metric | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|
| Revenue (₹ Crore) | 22,650 | 22,100 | 21,900 |
| Revenue Growth (QoQ) | -2.3% | -2.2% | 0.1% |
| Operating Margin | 16% | 16.8% | 17.5% |
| Net Profit Growth (YoY) | 12% | 20% | 24% |
| Total Contract Value (TCV) (₹ Crore) | 25,900 | 30,900 | 29,200 |
Recent updates:
Highlights from last con call:
Key Financial Highlights
Revenue: $2.63 billion (Sequential growth of 0.1%, YoY decline of 0.7%).
Total Contract Value (TCV): $3.5 billion in bookings.
Operating Margin: 17.5% (12-quarter high, up 0.7% QoQ and 1.5% YoY).
Net Profit (EPS Growth): 24% YoY and 5% QoQ.
Dividend: ₹6 per share, with a commitment to return 70%+ of net income over a 3-year period.
Guidance for Q4 FY25: Revenue growth between (-1%) to (+1%) in constant currency.