Wipro Limited released its earnings report for the quarter and fiscal year ending March 31, 2025, reflecting a mixed performance with relatively flat revenue growth but strong large deal bookings and solid cash flows.

🔹 Key Highlights – Q4 FY25

• Revenue (IT Services): $2.60 billion
• Sequential Growth (CC): -0.8%
• Operating Margin: 16.4% (down from 17.1% YoY)
• EPS: ₹3.4
• Operating Cash Flow: $439 million
• Large Deal TCV: $1.8 billion (up 10.5% YoY)
• Total Bookings: $4.0 billion (up 48.5% YoY)

🔹 Full-Year FY25 Highlights

• Total Revenue: $10.5 billion
• Operating Margin: 17.1%
• EPS: ₹12.6
• Operating Cash Flow: $1.98 billion (up 20.3% YoY)
• Large Deal TCV: $5.4 billion
• Total Bookings: $14.3 billion

🔹 Segment Performance

• Banking, Financial Services & Insurance (BFSI): 34.3% of revenue
• Consumer: 19.1%
• Technology & Communications: 15.3%
• Health: 14.1%
• Energy, Manufacturing & Resources: 17.2%

🌍 Geographic Mix (Strategic Market Units)

• Americas 1: 31.7%
• Americas 2: 30.6%
• Europe: 27.1%
• APMEA: 10.6%

⚙️ Operational Metrics

• Total Headcount: 233,346
• Attrition (Voluntary, TTM): 15.0%
• Utilization (Excl. Trainees): 85.6%
• Revenue from Existing Customers: 97.8%
• New Customers in Q4: 60

💡 Guidance for Q1 FY26

• IT Services Revenue Guidance: $2,505 million to $2,557 million
• Sequential Growth Expectation: -3.5% to -1.5% in constant currency

📊 Currency Mix (Revenue Contribution)

• USD: 60%
• GBP: 11%
• EUR: 10%
• INR: 5%
• AUD: 4%
• CAD: 3%

🧾 Capital Allocation

• Final Dividend for FY25: ₹6 per share (interim considered final)

🧠 Conclusion

Wipro’s FY25 results reflect a resilient bookings pipeline and strong deal wins, but revenue growth continues to remain under pressure due to macroeconomic challenges. The margin compression and subdued Q1 FY26 guidance suggest the need for operational efficiency and sustained cost management. Investors and analysts will be closely watching execution in large deals and signs of recovery in core geographies like Europe and the Americas.

Source: Wipro Earnings Release, Q4 & FY25