Wipro Q4 net profit rises 26% to ₹3,580 crore, total bookings jump 13%

Wipro, the country's leading information technology services company, on Wednesday, April 16, reported consolidated net profit of ₹3,570 crore marking an increase of 26% from ₹2,834.60 crore in the same period last year. On a sequential basis, Wipro's net profit rose 6.43%.

Wipro's revenue from operations rose 1.22% annually to ₹22,504 crore and sequentially its revenue rose 1.33%.

The Bengaluru-based company expects revenue from IT services to be in the range of $2,505 million to $2,557 million translating to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.

IT services segment revenue declined to $2,596.5 million, down 1.2% quarter-on-quarter (QoQ) and 2.3% YoY. On a non-GAAP constant currency basis, the segment saw a 0.8% QoQ and 1.2% YoY decrease, signalling continued softness in client spending.

Total bookings came in at $3,955 million, up 13.4% QoQ in constant currency terms. Notably, large deal bookings rose to $1,763 million, growth of 48.5%, highlighting strong deal wins despite challenging environment for IT industry.

The company maintained its IT services operating margin at 17.5%, flat sequentially but showing an expansion of 110 basis points, reflecting operational efficiency.

“We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement. We also continued to invest in our global talent and in strengthening our consulting and AI capabilities. As clients remain cautious in the face of macroeconomic uncertainty, we’re focused on partnering closely with them while staying committed to consistent and profitable growth,” said Srini Pallia, CEO and Managing Director.

Wipro shares ended 1.48% higher at ₹247.60 on the National Stock Exchange ahead of its earnings announcement.