Wipro has reported revenues of $2.634 billion for the fourth quarter ended March 31, 2025, marking an increase of 0.8 percent quarter-over-quarter and 1.3 percent year-over-year.
The company’s revenue distribution remains geographically diversified, with the Americas continuing to be the strongest market: AMERICAS 1 contributed 32.8 percent and AMERICAS 2 contributed 30.6 percent to the overall revenue. Europe followed with 26.1 percent, while the Asia Pacific, Middle East, and Africa (APMEA) region contributed 10.5 percent.
Industry-wise, Wipro derived 34.2 percent of its total revenue from the Banking, Financial Services & Insurance sector, reflecting its continued dominance in this space. Other key sectors included Consumer (18.9 percent), Energy, Manufacturing & Resources (17.3 percent), Technology & Communications (15.2 percent), and Health (14.4 percent).
Wipro, a global leader in technology services and consulting, did not reveal the size of its revenue from artificial intelligence (AI) related areas.
In terms of bookings, the company reported a total of $3.955 billion for Q4 FY25, which represented a significant 13.4 percent increase compared to the previous quarter. Large deal bookings, a critical indicator of long-term revenue visibility, surged by 48.5 percent year-over-year to reach $1.763 billion.
The operating margin for IT Services held steady at 17.5 percent quarter-over-quarter and expanded by 1.1 percent year-over-year, indicating improved efficiency and cost control. Net income also showed strong growth at $417.8 million, up 6.4 percent sequentially and 25.9 percent compared to the same quarter last year.
Voluntary attrition stood at 15.0 percent on a trailing twelve-month basis, which suggests relative stability in workforce retention. Wipro closed the financial year with a total headcount of 233,346 employees.
For the full fiscal year ended March 31, 2025, Wipro recorded revenue of $10.4 billion, reflecting a slight year-over-year decline of 0.7 percent.
However, the company’s ability to secure large deals remained robust, with total large deal bookings amounting to $5.4 billion, a healthy 17.5 percent increase year-over-year. Nonetheless, total bookings for the year came in at $14.3 billion, representing a decline of 3.8 percent, suggesting some softness in smaller or mid-sized engagements.
Looking ahead, Wipro has provided a revenue guidance for its IT Services business in the range of $2.505 billion to $2.557 billion for the quarter ending June 30, 2025. This translates to a sequential contraction of 1.5 percent to 3.5 percent in constant currency terms, indicating a cautious near-term outlook amid macroeconomic uncertainties.
Strategically, Wipro is focusing on bolstering its capabilities in consulting and artificial intelligence. Srini Pallia, the CEO and Managing Director, emphasized the company’s efforts in strengthening global talent and improving execution across major accounts. He also highlighted the successful closure of two mega deals and the improvement in client satisfaction scores as key achievements of the year.
These wins align with Wipro’s strategic pivot toward higher value services and deeper client engagement. The company continues to prioritize long-term growth through investments in digital transformation, domain-specific offerings, and innovation-led delivery models, all aimed at enhancing competitiveness in a rapidly evolving technology landscape.
“Despite ongoing challenges like global uncertainty, reduced discretionary spending, and intense competition, Wipro has maintained its financial stability. In Q4, the company reported modest growth of 0.8 percent QoQ and 1.3 percent YoY in constant currency. Its strong deal pipeline supports a positive growth outlook, with steady deal wins anticipated,” Biswajit Maity, Sr Principal Analyst, Gartner, said.
Wipro is prioritizing large deal acceleration, deepening client relationships, advancing AI and GenAI initiatives, and refining its operating model to adapt to evolving market demands. Revenue continues to be largely driven by the BFSI, consumer, EMR, technology & communications, and healthcare sectors. Early signs of recovery in BFSI and healthcare may help offset weakness in slower-performing verticals.
The voluntary attrition rate stands at 15 percent, slightly lower than the previous quarter. However, clients have raised concerns about staffing delays, inconsistent onboarding, and overall resourcing quality.
“To sustain growth, Wipro must focus on workforce stability, as elevated attrition and increasing workload pressures could negatively impact service delivery and performance,” Biswajit Maity said.
Baburajan Kizhakedath
