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Bengaluru-tech firm Wipro on Thursday (July 17, 2025) reported a 10.9% increase in its Q1 net profit at ₹3,336.5 crore, up from ₹3,036.6 crore a year ago. Its revenue from operations slightly grew to ₹22,134.6 crore (0.8%) during the quarter, from ₹21,963.8 crore in the corresponding quarter a year ago.
In the June-ended quarter, the IT firm’s revenue decreased 2.3% year-on-year in constant currency terms. Operating margin was at 17.3%, marking an expansion of 0.8% YoY and EPS grew 10.8%. The company’s IT services revenue was $2.58 billion, a decrease of 0.3% and 1.5% sequentially and annually, respectively.
Company’s CEO and Managing Director, Srini Pallia in his commentary said, “In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimisation. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half.’‘
Wipro in Q1 reported large deal bookings at $2.7 billion, a 131% jump YoY and the quarter saw overall bookings at over $5 billion.
According to Aparna Iyer, Chief Financial Officer, Wipro expanded its operating margins in the quarter by 80 basis points on a YoY basis. Its cash flow conversion remained strong, with operating cash flows being at 123% of our net income.
“The board also declared an interim dividend of ₹5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn,’” she said.
On outlook for Q2 FY26, Wipro expects revenue from the IT Services business segment to be in the range of $2,560 million to $2,612 million and this translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms. ``Our guidance is based on current market visibility. We don’t guide for the whole year,’‘ Ms. Iyer said.
She further said, the company’s deal pipeline was good, although the conversion and deal ramp-up may take 6 to 8 quarters. ``We are expecting our larger deals in Q1 to ramp up in Q3. And, this pipeline gives us confidence.’‘
On the macro outlook, Mr. Pallia said, certainly, there was an uncertainty and clients were getting to be resilient in the context of this market condition.
“Geopolitical situation and tariff issues continue. Each geography has a different challenge. But sector-specific, the BFSI has a strong pipeline. We are seeing some softness in retail and CPG. In technology and telecom, clients want to protect their existing investments, so that the investment continues. Clients are focused on cost optimisation and vendor consolidation.”
He said Wipro would stay focused on data, AI and modernisation projects. Although the company would stay cautious of the macro environment, its priority would be to return to profitable growth backed by its AI-powered consulting capabilities and a strong pipeline, he added.
Shubham Rathore, Principal Analyst at Gartner, said Wipro’s Q1 revenue numbers signalled a soft patch in the global IT services market.
“The sequential softening was attributed to cautious discretionary budgets against a backdrop of macroeconomic volatility and cost containment in priority regions. Despite these challenges, the outlook is optimistic, backed by a pipeline rich in large transformational deals,’‘ Mr. Rathore added.
Wipro’s AI Push
On Wipro’s AI push, Mr. Pallia said, “AI is no longer experimental, it is not a niche anymore. It is central to our clients’ strategies and we are delivering real impact at scale.”
For instance, Wipro has developed over 200 AI agents in partnership with hyperscalers, which operate autonomously in functions such as HR, finance, legal and project delivery. These agents have delivered measurable business outcomes and are being deployed across sectors including banking, energy, manufacturing, technology and healthcare.
May hire 10,000 freshers in FY26
Wipro has plans to hire 10,000 freshers in FY26 from various campuses. The company’s Chief Human Resources Officer, Saurabh Govil, said, “Our endeavour is to induct 10,000 freshers this fiscal; however, hiring will be demand-driven. We have a good bench strength now, still, we will continue to visit campuses, but the number will be small.’‘
On attrition, he said, attrition has been coming down, but certain skill pockets were showing high attrition. Wipro’s voluntary attrition has been hovering in the 15% range in the last three consecutive quarters.
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