Wipro (WIPRO) Q4 24/25 (Media) earnings summary

Executive summary

• Achieved two mega deal wins and strong growth in top accounts, reflecting the effectiveness of a consulting-led, AI-powered strategy.

• Client satisfaction scores and NPS improved, attributed to execution rigor and enhanced client centricity.

• Net income grew 6.4% sequentially in Q4'25 and 18.9% year-over-year for FY'25; Q4 margin at 17.5%, up 1.1% YoY; FY'25 margin at 17.1%, up 0.9% YoY.

• Large deal bookings surged 48.5% YoY in Q4'25 and 17.5% YoY for FY'25; total bookings for FY'25 at $14.3B, down 3.8% YoY.

• Realigned global business lines and invested in leadership development and talent upskilling.

Financial highlights

• Q4 IT services revenue was $2.6B, down 0.8% sequentially and 1.2% year-over-year in constant currency.

• Q4 order book reached $4B, up 13.4% sequentially and 10.5% year-over-year.

• FY25 IT services revenue was $10.51B, down 2.7% year-over-year.

• Net income grew 6% quarter-on-quarter and 19% for the full year; EPS for the year was INR 12.6, up 20% year-over-year.

• Free cash flow as a percentage of net income was 118%; gross cash at $6.4B.

Outlook and guidance

• Sequential revenue guidance for Q1 FY26 is -3.5% to -1.5% in constant currency, reflecting macroeconomic uncertainty and cautious client spending.

• Margins expected to be maintained within a narrow band despite revenue headwinds.