Wipro Ltd

Wipro announced the appointment of Sandeep Dhar as Global Head of its Global Capability Center (GCC) practice. Sandeep brings over 30 years of experience in the GCC ecosystem and consulting, having been instrumental in setting up and scaling some of the well-known GCCs in his career. As Managing Director, he led the transformation of Tesco and Goldman Sachs Consumer Bank GCCs into strategic centres of innovation and growth. In his senior leadership responsibilities across industries, Sandeep has successfully managed P&Ls, driven digital transformation initiatives, and implemented advanced engineering practices. In his new role, Sandeep will spearhead Wipro's consulting-led and AI-powered GCC strategy, designed to help global enterprises establish and scale as future-ready transformation and innovation hubs. Sandeep will report to Sanjeev Jain, Wipro's Chief Operating Officer. Powered by Capital Market - Live

Wipro announced its selection by Vorwerk, the number one direct sales company in Europe and the world-leading direct seller of high-quality household appliances, to manage and transform the company's IT landscape. In the five-year engagement, Wipro will future-proof Vorwerk's IT infrastructure, by harnessing its AI-powered infrastructure operations solution focused on enabling enterprise transformations of this scale. The program will include the consolidation of all business applications, infrastructure, and cyber security tracks onto a unified monitoring platform to provide better visibility into Vorwerk's technology ecosystem, leading to a significant increase in operational efficiency and robust cyber-risk management. Wipro will also engage with Vorwerk's technology partners to enrich their customer engagement approach, standardize their product portfolio, and develop a technology roadmap with intelligent products for faster time to market. Additionally, the Wipro team will build an end-to-end support portal that will rapidly and seamlessly enhance end-user experience.Powered by Capital Market - Live

Wipro has granted 2,50,000 ADS Restricted Stock Units under Company's Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024, to its identified employee / identified employee(s) of its subsidiary company. This grant is effective from 18 April 2025. Powered by Capital Market - Live

The brokerage flagged the IT major's weak Q4FY25 quarter, with IT services revenue falling short of expectations. It also pointed to a subdued Q1FY26 revenue guidance, reflecting macro uncertainties from global tariffs. With limited visibility on FY26 growth, the brokerage said Wipro's turnaround thesis looks challenged. Another domestic broker also downgraded Wipro to 'Reduce', with a target price of Rs 252. The brokerage expects a potential demand recovery later in Q1FY26, particularly if global tariff-related disputes are resolved. However, a weak start makes full-year positive growth a challenge. Margins are expected to remain under pressure due to a soft revenue environment, pricing constraints from cost takeout deals, and vendor consolidation, it added. On Wednesday, the IT major announced that its consolidated net profit grew 6.43% to Rs 3,569.6 crore in Q4 FY25 as against Rs 3,353.8 crore posted in Q3 FY25. However, revenue from operations increased marginally to Rs 22,504.2 crore in Q4 FY25 as against Rs 22,318.8 crore reported in Q3 FY25. On a year-on-year (YoY) basis, the IT firm's net profit grew 25.92%, while revenue rose 1.33% in Q4 FY25. Profit before tax was at Rs 4,743 crore during the quarter, up 6.50% quarter on quarter (QoQ) and up 22.80% YoY. In dollar terms, Wipro's gross revenue for Q4 FY25 stood at $2,634.2 million, registering a 0.8% increase QoQ and a 1.3% rise YoY. The revenue from its IT services segment was $2,596.5 million, marking a decline of 1.2% QoQ and 2.3% YoY. In Q4 FY25, Wipro's IT services segment reported an operating margin of 17.5%, remaining flat compared to the previous quarter (QoQ) while showing a YoY expansion of 1.1%. The Non-GAAP constant currency revenue for the IT services segment decreased by 0.8% QoQ and 1.2% YoY. During the quarter, the IT company's total booking was at $3,955 million, up by 13.4% QoQ in constant currency. Large deal booking was at $1,763 million, an increase of 48.5% YoY in constant currency. For the quarter ending 30 June 2025, Wipro expects revenue from its IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms. On a full-year basis, the company's consolidated net profit jumped 18.92% to Rs 13,135.4 crore in FY25, compared to Rs 11,045.2 crore in FY24. Revenue from operations declined marginally to Rs 89,088.4 crore in FY25 from Rs 89,760.3 crore in FY24. The company said that its closing employee count in IT Services stood at 233,346. Voluntary attrition was at 15% on a trailing 12-month basis. Srini Pallia, CEO and managing director, said, 'We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement. We also continued to invest in our global talent and in strengthening our consulting and AI capabilities. As clients remain cautious in the face of macroeconomic uncertainty, we're focused on partnering closely with them while staying committed to consistent and profitable growth.' Aparna Iyer, chief financial officer, said, 'For Q4, operating margins expanded 110 basis points year on year, and for the full financial year, margins expanded by 90 basis points. Our focus on execution rigour has ensured that our margins have steadily expanded even in a softening revenue environment. Our endeavor will be to maintain the margin in a narrow band in the coming quarters. Our net income grew 6.4% sequentially in Q4 and 18.9% for the full financial year. Cash flow continued to be robust in Q4, resulting in net operating cash flow generation of almost $2 Bn for FY'25, which is 128.2% of our net income.' Meanwhile, the company's board has declared an interim dividend of Rs 6, which was declared by the board at its meeting held on 17 January 2025 and shall be considered as the final dividend for the financial year 2024-25. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Powered by Capital Market - Live

Net profit of Wipro rose 25.93% to Rs 3569.60 crore in the quarter ended March 2025 as against Rs 2834.60 crore during the previous quarter ended March 2024. Sales rose 1.33% to Rs 22504.20 crore in the quarter ended March 2025 as against Rs 22208.30 crore during the previous quarter ended March 2024. For the full year,net profit rose 18.92% to Rs 13135.40 crore in the year ended March 2025 as against Rs 11045.20 crore during the previous year ended March 2024. Sales declined 0.75% to Rs 89088.40 crore in the year ended March 2025 as against Rs 89760.30 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales22504.2022208.30 1 89088.4089760.30 -1 OPM %20.5519.73 -20.2318.66 - PBDT5464.704702.70 16 20453.6018128.10 13 PBT4743.003862.20 23 17495.7014721.00 19 NP3569.602834.60 26 13135.4011045.20 19 Powered by Capital Market - Live

However, revenue from operations increased marginally to Rs 22,504.2 crore in the March 2025 quarter as against Rs 22,318.8 crore reported in the preceding quarter of the same year. On a year-on-year (YoY) basis, the IT firm's net profit grew 25.92%, while revenue rose 1.33% in Q4 FY25. Profit before tax was at Rs 4,743 crore during the quarter, up 6.50% quarter on quarter (QoQ) and up 22.80% YoY. In dollar terms, Wipro's gross revenue for Q4 FY25 stood at $2,634.2 million, registering a 0.8% increase QoQ and a 1.3% rise YoY. The revenue from its IT services segment was $2,596.5 million, marking a decline of 1.2% QoQ and 2.3% YoY. In Q4 FY25, Wipro's IT services segment reported an operating margin of 17.5%, remaining flat compared to the previous quarter (QoQ) while showing a YoY expansion of 1.1%. The Non-GAAP constant currency revenue for the IT services segment decreased by 0.8% QoQ and 1.2% YoY. During the quarter, the IT company's total booking was at $3,955 million, up by 13.4% QoQ in constant currency. Large deal booking was at $1,763 million, an increase of 48.5% YoY in constant currency. The company said that its closing employee count in IT Services stood at 233,346. Voluntary attrition was at 15% on a trailing 12-month basis. For the quarter ending 31 March 2025, Wipro expect revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms. Srini Pallia, CEO and managing director, said, 'We closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement. We also continued to invest in our global talent and in strengthening our consulting and AI capabilities. As clients remain cautious in the face of macroeconomic uncertainty, we're focused on partnering closely with them while staying committed to consistent and profitable growth.' Aparna Iyer, chief financial officer, said, 'For Q4, operating margins expanded 110 basis points year on year, and for the full financial year, margins expanded by 90 basis points. Our focus on execution rigour has ensured that our margins have steadily expanded even in a softening revenue environment. Our endeavor will be to maintain the margin in a narrow band in the coming quarters. Our net income grew 6.4% sequentially in Q4 and 18.9% for the full financial year. Cash flow continued to be robust in Q4, resulting in net operating cash flow generation of almost $2 Bn for FY'25, which is 128.2% of our net income.' Meanwhile, the company's board has declared an interim dividend of Rs 6, which was declared by the board at its meeting held on 17 January 2025 and shall be considered as the final dividend for the financial year 2024-25. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Powered by Capital Market - Live

Wipro has allotted 107,544 equity shares under ADS Restricted Stock Unit Plan 2004 and 56,821 equity shares under Restricted Stock Unit Plan 2007 on 05 April 2025. Powered by Capital Market - Live

Wipro will hold a meeting of the Board of Directors of the Company on 16 April 2025.Powered by Capital Market - Live

The project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group's operational transformation. Under the terms of the deal, Wipro's existing FCA-regulated entity, Wipro Financial Outsourcing Services (WFOSL), will deliver comprehensive life and pension administration services to Phoenix Group's ReAssure customers. These services will encompass policy administration, claims processing, customer service support, data management and reporting, compliance and regulatory support, as well as platform technologies. As part of the engagement, Wipro will assume management of the core policy administration ALPHA platform, modernising it with AI, automation, cloud, and digital transformation technologies. Wipro will also strengthen its UK presence by establishing additional technology and operational service hubs. These hubs will be supported by a team of experts from both Phoenix Group and Wipro, who will work collaboratively. As part of this transformational initiative, a number of Phoenix employees will transition to Wipro. Wipro is a leading technology services and consulting company. The IT major's consolidated net profit grew 4.51% to Rs 3,353.8 crore while revenue from operations increased 0.08% to Rs 22,318.8 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Wipro has won a '500 million, 10-year strategic deal with Phoenix Group, the UK's largest long-term savings and retirement business. The project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group's operational transformation. Under the terms of the deal, Wipro's existing FCA-regulated entity, Wipro Financial Outsourcing Services Limited (WFOSL), will deliver comprehensive life and pension administration services to Phoenix Group's ReAssure customers. These services will encompass Policy Administration, Claims Processing, Customer Service Support, Data Management and Reporting, Compliance and Regulatory Support, as well as Platform Technologies. Powered by Capital Market - Live