Wipro posts Q3 FY26 growth with margin expansion, strong cash flows and upbeat Q4 IT services outlook
Summary:
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Wipro’s IT services revenue for the quarter ended 31 December 2025 rose 1.2% quarter-on-quarter to about $2.64 billion, or 1.4% in constant currency
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IT services operating margin improved to 17.6%, up 0.9 percentage points sequentially and 0.1 percentage points year-on-year, marking its best margin performance in recent years
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Net income came in at ₹31.2 billion, down 3.9% QoQ and 7.0% YoY, but adjusted net income excluding labour code-related gratuity impact grew 3.6% QoQ to ₹33.6 billion
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Operating cash flow was ₹42.6 billion, 135.4% of net income, and the Board declared an interim dividend of ₹6 per share, taking total shareholder payout for the year to about $1.3 billion
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Total bookings reached $3.3 billion with $0.9 billion in large deals, and Wipro guided Q4 FY26 IT services revenue to $2.64–2.69 billion, implying 0–2% sequential constant currency growth
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