As banks and insurers accelerate digital modernization, Wipro’s fiscal health and deal momentum position it to meet changing IT service requirements.
FinTech BizNews Service
Mumbai, July 18, 2025: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, has announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2025.
1. Gross revenue at Rs221.3 billion ($2,581.6 million1), decrease of 1.6% QoQ and increase of 0.8% YoY.
2. IT services segment revenue was at $2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY.
3. Non-GAAP2 constant currency IT Services segment revenue decreased 2.0% QoQ and 2.3% YoY.
Shubham Rathore, Principal Analyst at Gartner, explains:
“Wipro’s Q1’26 IT services revenue declined 2.3% year-over-year in constant currency, reflecting cost-optimization efforts in financial services. The company delivered margin expansion and robust cash generation, demonstrating notable financial resilience. Gartner’s Positive financial rating highlights Wipro’s strong profit profile and balance-sheet strength in a challenging market. As banks and insurers accelerate digital modernization, Wipro’s fiscal health and deal momentum position it to meet changing IT service requirements.”
