Wipro, a leading information technology company, announced its financial results for Q3 FY25 on Friday, January 17. Here are the highlights

• Revenue from operations: ₹22,318.8 crore, up 0.51% YoY and 0.07% QoQ
• Net profit: ₹3,353.8 crore, up 24.48% YoY and 4.51% QoQ
• Interim dividend: ₹6 per equity share, the record date is January 28, and the payment date is February 15
• Q4 FY25 outlook: Revenue from the IT services business segment is expected to be in the range of $2,602 million to $2,655 million.

• Wipro was recognized as a Leader in Avasant's Generative AI Services 2024 RadarView
• Wipro was named as a Leader in IDC MarketScape: Worldwide Cloud Security Services in the AI Era 2024–2025 Vendor Assessment
• Wipro was classified as a Leader in Everest Group's Data and Analytics (D&A) Services PEAK Matrix Assessment 2024
• Wipro was positioned as a Leader in IDC MarketScape: Worldwide Industry Cloud Professional Services 2024 Vendor Assessment
• Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Sustainability Services, 2024 report
• Wipro was ranked as a Leader in Avasant's Digital Talent Capability 2024 RadarView
• Wipro was positioned as a Leader in Everest Group's Semiconductor Engineering Services PEAK Matrix Assessment 2024
• Wipro was positioned as a Leader in Avasant’s SAP S/4HANA Services 2024–2025 RadarView
• Wipro was featured as a Leader in ISG Provider Lens™ - Next-Gen ADM Services 2024 (multiple quadrants)
• Wipro was ranked as a Leader in Avasant's Intelligent ITOps Services 2024–2025 RadarView
• Wipro was rated as a Leader in ISG Provider Lens™ - Contact Center-Customer Experience Services 2024 (multiple quadrants)
• Wipro was recognized as a Leader in ISG Provider Lens™ - Future of Work Services 2024
• Wipro was positioned as a Leader in the 2024 Gartner Magic Quadrant for Managed Network Services

The company's top one client brings in 4.5% of revenue, while the top five customers contribute 14.3%. The top ten clients contribute 23.7%.

For Wipro, the banking, financial services, and insurance (BFSI) sector contributed most to revenue, followed by the consumer segment and the energy, manufacturing, and resources sector.

• IT Products segment revenue for the quarter was ₹0.7 billion ($8.7 million)
• IT Products segment results for the quarter were ₹0.03 billion ($0.3 million)

• Total headcount: 232,732
• Attrition volume (Trailing twelve months): 15.3%
• Net utilization (Excluding trainees): 83.5%

In the third quarter, Wipro continued to win large and strategic deals across industries.

• A US-based health insurance company has selected Wipro for a multi-phase enterprise transformation program.
• A US-based leading media corporation has selected Wipro to transform its advertising operations and drive growth in a competitive market.
• A leading Indian private banking and financial services institution has selected Wipro to transform and modernize its Core Banking System.
• A global Telecom network solutions organization has selected Wipro as a Strategic partner to provide network integration and business application services for its 5G software products in Japan.
• One of the largest health insurers in USA has renewed its engagement with Wipro to operate an end-to-end platform to support its growing (Affordable Care Act) ACA business.
• A global leader in legal technology, payments and banking infrastructure has selected Wipro to improve its overall business efficiency and overhaul its IT infrastructure.
• Wipro has been selected by a leading Indian multinational conglomerate to provide technology support services across the client’s group companies.
• A US-based health insurance company has renewed its engagement with Wipro to continue to deliver a comprehensive Business Process as a Service (BPaaS) solution for Affordable Care Act (ACA) members.
• A US-based global investment manager has selected Wipro to deliver IT Helpdesk and Digital workplace support services.
• A leading European utilities provider has selected Wipro to deliver innovative AI solutions for preventative maintenance of their water pipelines.
• Wipro will support a large technology migration for a US-based health insurance company and set a foundation to help them succeed in the AI era.
• Wipro deployed an Intelligent Document Processing (IDP) solution and built customized AI models for a Canadian automotive manufacturer.
• A global payments company has selected Wipro to modernize its financial forecasting applications.
• A US-based pharmaceutical company has selected Wipro to improve efficiency and productivity of their HR operations.

Srini Pallia, CEO and Managing Director, said, "In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of $1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future."

Aparna Iyer, Chief Financial Officer, said, “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% of net income. We are pleased to share that the board has approved our revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of 3 years. In addition, board has also declared an interim dividend of ₹6 per share."

Wipro expects revenue from information technology services business segment to be in the range of $2,602 million to $2,655 million.

"This translates to sequential guidance of (-)1.0 % to 1.0 % in constant currency terms," the company said in an exchange filing.

Wipro's Board of Directors approved payment of interim dividend of ₹6 per equity share of par value ₹2 each to the members of the company as on January 28, 2025, being the record date.

The payment of interim dividend will be made on or before February 15, 2025.

Revenue from operations increased 0.51% to ₹22,318.8 crore in the quarter ended December 2024 against ₹22,205.1 crore a year back. Sequentially, it rose 0.07%.

Information technology major Wipro reported a 24.48% increase in its consolidated net profit to ₹3,353.8 crore in the latest October-December quarter, compared to ₹2,694.2 crore in the year-ago period. Sequentially, the net profit increased 4.51%.

Wipro Ltd will announce financial results for the latest October-December quarter soon.

Shares of Wipro settled 2.20% lower at ₹281.70 on Friday, January 17, on the NSE. The results will be announced shortly.

Wipro Ltd, a leading information technology company, will declare its financial results for the third quarter of the current fiscal year on Friday, January 17, after market hours.

The market capitalisation of Wipro Ltd stands at ₹2,96,086.98 crore as the stock is down 1.82% to ₹282.80.

Wipro achieved its 52-week high of ₹320 per share on December 20, 2024, and recorded its 52-week low of ₹208.5 a unit on June 4, 2024.

• Wipro Limited collaborated with SIAM.AI, a member of the NVIDIA Cloud Partner program in Thailand.
• The IT firm partnered with Netskope, a secure access service edge (SASE) leader, to provide global enterprises with an integrated service that optimizes and improves cybersecurity outcomes for people, processes, and technology investments.
• Marelli extended relationship with Wiproi, a global leader in automotive solutions, for continued evolution of IT infrastructure.
• It collaborated Lineaje to help enterprises secure the open-source components within their software applications

Wipro shares are trading 2% lower at ₹282.2 apiece on the NSE. Intraday, it declined as much as 2.27%.

Shares of Wipro are trading 2.2% lower at ₹280.7 per unit on the NSE.

In the past month, the stock has declined 8.83%, while it has gained 5.9% in the past three months. Year-to-date, the scrip has shed 6.1%. In the past year, it climbed 16.79%.

Wipro had said that it expects revenue from the IT services business segment to be in the range of $2,607 million to $2,660 million.

"This translates to sequential guidance of (-) 2.0% to 0.0% in constant currency terms," the company had said.

Srini Pallia, CEO and Managing Director, on Q2 FY25, had said, "Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter. We grew in three out of four markets, as well as, in BFSI, Consumer and Technology and Communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI powered Wipro."

Shares of Wipro Limited declined 1.96% to ₹282.40 per share on the National Stock Exchange (NSE). The fall comes ahead of the Q3 FY25 results announcement.

The market capitalisation stands at ₹2,95,668.18 crore.

Wipro reported a 6.8% quarter-on-quarter (QoQ) growth in its profit after tax (PAT) at ₹3,210 crore for the September quarter of FY25. On a year-on-year (YoY) basis, the figure grew by 21.3%.

Gross revenue stood at ₹22,300 crore, a growth of 1.5% QoQ and a decrease of 1% YoY.

Srini Pallia leads Wipro as Chief Executive Officer and Managing Director. The information technology giant's key management team includes:

Wipro: Key management team

• Srini Pallia, Chief Executive Officer & Managing Director
• Nagendra P Bandaru, Managing Partner and Global Head – Wipro Enterprise Futuring
• Suzanne Dann, CEO – Americas 2
• Jo Debecker, Managing Partner and Global Head – Wipro FullStride Cloud
• Vinay Firake, CEO – APMEA
• Aparna C Iyer, Chief Financial Officer
• Sanjeev Jain, Chief Operating Officer
• Malay Joshi, CEO – Americas 1
• Omkar Nisal, CEO – Europe

• Traded volume: 55.12 lakh
• Traded value: ₹156.36 crore
• Total market cap: ₹2,97,081.61
• Free float m-cap: ₹80,173.23

Shares of Wipro Ltd are trading at ₹283.50 per unit on the NSE, reflecting a decline of 1.58%.

According to analysts, Wipro is expected to post a 1%-2% year-on-year (YoY) revenue decline to ₹22,150 crore to ₹22,210 crore. Sequentially, the revenue could fall 1% to 3%.

• Current price: ₹282.40 (-1.61%)
• Open: ₹287.80
• High: ₹287.80
• Low: ₹282.55
• Previous close: ₹288.05

Wipro has nine members on its Board of Directors.

• Rishad Premji, Executive Chairman
• Srini Pallia, Chief Executive Officer & Managing Director
• Azim H Premji, Founder Chairman
• Patrick Dupuis, Independent Director
• Dr Patrick J Ennis, Independent Director
• Tulsi Naidu, Independent Director
• Deepak M Satwalekar, Independent Director
• Paivi Rekonen, Independent Director
• NS Kannan Independent Director

Shares of Wipro Ltd are down 1.16% to ₹284.7 apiece on the NSE ahead of earnings.

The stock is trading 1.20% lower at 284.6 on the BSE.

The NIFTY IT index is down 2.33%, dragged by Infosys, Tata Consultancy Services, Wipro and HCL Technologies.

Along with its financial results for the quarter ended December 2024, Wipro will also consider and approve an interim dividend for the financial year 2025.

Wipro, which is trading 1.2% lower, is among the top NIFTY50 losers. The others are Infosys (-5.36%), Axis Bank (-4.78%), ICICI Bank (-1.55%) and Kotak Mahindra Bank (-1.17%).

The market capitalisation of Wipro stands at ₹2,97,343.36 crore as shares decline 1.41% on the NSE. The free float m-cap is ₹80,300.51 crore.

Wipro shares are trading at ₹284 apiece, down 1.41%, on the National Stock Exchange (NSE) ahead of the earnings announcement.

Wipro will declare its results for the quarter ended December 2024 on Friday, January 17, after stock market trading hours.

Wipro is a multinational information technology company headquarered in Bengaluru. Its offerings include IT services, consulting, cloud and digital solutions, engineering services, business process outsourcing (BPO).

It serves various industries, including banking, manufacturing, healthcare, and energy, among others.

Wipro Q3 results LIVE: Information technology giant Wipro Ltd will announce its financial results for the October-December quarter of the financial year 2024-25 on January 17.