Wipro Reports 0.8% YoY Growth in Gross Revenue for Q1 FY2025-26; Net Income Jumps 10.9%

Bengaluru– Leading technology services and consulting firm Wipro Limited today announced its financial results for the first quarter of FY2025–26, ending June 30, 2025. Amid ongoing macroeconomic challenges, the company posted a 0.8% year-on-year (YoY) increase in gross revenue, reaching ₹221.3 billion (USD 2.58 billion). However, revenue dipped 1.6% on a quarter-on-quarter (QoQ) basis, reflecting short-term pressures on client spending.

The company’s IT services segment, which makes up the majority of its business, reported revenue of USD 2.587 billion, down 0.3% QoQ and 1.5% YoY. Despite this, operating margins in IT services improved to 17.3%, expanding by 80 basis points YoY, although slightly contracting by 20 basis points QoQ.

Wipro’s net income rose 10.9% YoY to ₹33.3 billion (USD 388.4 million), though it was 6.7% lower QoQ. The company emphasized its focus on operational efficiency and cost management, key drivers behind improved profitability.

Srini Pallia, CEO and Managing Director of Wipro, commented, “In a quarter shaped by macroeconomic uncertainty, clients prioritized efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. AI is no longer experimental—it’s central to our clients’ strategies, and we are delivering real impact at scale.”

CFO Aparna Iyer highlighted strong financial discipline, noting, “We expanded our operating margins by 80 basis points YoY. Our cash flow conversion remained robust, with operating cash flows at 123% of our net income. The board has declared an interim dividend of ₹5 per share. Over the last 6 months, we’ve returned more than USD 1.3 billion to shareholders.”

Looking ahead, Wipro expects IT services revenue to range between USD 2.56 billion and USD 2.612 billion for the July–September quarter, translating to a sequential growth guidance of (-1.0%) to 1.0% in constant currency terms.

With a global workforce of over 230,000 employees across 65 countries, Wipro continues to strengthen its position in digital transformation and enterprise technology services.