A strong deal pipeline underpins a positive growth outlook, with deal wins expected to remain steady.
FinTech BizNews Service
Mumbai, April 16, 2025: Wipro Limited has today announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2025.
Its Gross revenue reached Rs890.9 billion ($10.4 billion1), a decrease of 0.7% YoY. IT services segment revenue was at $10,511.5 million, a decrease of 2.7% YoY. Non-GAAP2 constant currency IT Services segment revenue decreased 2.3% YoY. Large deal bookings was at $5.4 billion, up by 17.5% YoY. Total bookings was at $14.3 billion, decrease of 3.8% YoY.
Biswajit Maity, Sr Principal Analyst at Gartner, points out: “Despite ongoing challenges such as global uncertainty, reduced discretionary spending, and strong competition, Wipro has maintained financial stability. In Q4, it posted modest growth of 0.8% QoQ and 1.3% YoY in constant currency. A strong deal pipeline underpins a positive growth outlook, with deal wins expected to remain steady. Wipro is currently focused on boosting large deal momentum, strengthening client partnerships, advancing AI-driven initiatives, upskilling in GenAI, and evolving its operating model to keep pace with shifting market demands. Its revenue is primarily driven by the BFSI, consumer, EMR, technology & communications, and healthcare sectors. Early signs of recovery in key sectors like BFSI and healthcare, which could help balance out slower industries. The voluntary attrition rate stands at 15%, showing a slight improvement from the previous quarter. However, client concerns persist regarding staffing delays, inconsistent onboarding, and resourcing quality. To avoid risks to future growth, Wipro must actively manage workforce stability, as high attrition and rising workload pressures could impact service quality and delivery.”
