IT services giant Wipro reported a strong performance in the third quarter of FY25, with net profits surging 24.66% to Rs 3,364 crore compared to Rs 2,700 crore in the same period last year. Revenue increased marginally to Rs 22,319 crore from Rs 22,205 crore in the previous year.
“In a seasonally weak quarter, our strong in-quarter execution helped us deliver above the top end of our revenue guidance,” said Srini Pallia, CEO and Managing Director of Wipro. “We also achieved our highest margins in the past three years while continuing to invest in our people.”
Key Highlights:
- Strong Profit Growth: Net profits jumped 24.66% YoY to Rs 3,364 crore.
- Margin Expansion: Wipro achieved its target margin of 17.5%, marking four consecutive quarters of margin expansion.
- Large Deal Wins: The company secured 17 large deals with a total value of USD 1 billion.
- Focus on AI: Wipro is investing heavily in AI-driven solutions to help clients navigate the evolving technological landscape.
Looking Ahead:
For the fourth quarter of FY25, Wipro expects revenue from its IT Services business to be in the range of USD 2,602 million to USD 2,655 million.
Key Wins:
- Wipro secured significant deals in key sectors, including healthcare, media, and finance. Notable wins include a multi-phase enterprise transformation program for a US-based health insurance company, a digital transformation project for a leading media corporation, and a core banking system modernization for an Indian private bank.
About Wipro:
Wipro is a leading global IT services and consulting company with over 230,000 employees and business partners across 65 countries.
