Wipro on Wednesday reported a 26% year-on-year increase in Q4 net profit to ₹3,570 crore.
Revenue grew 1% to ₹22,504 crore. IT services revenue slid 2.3% to $2,596.5 million.
Wipro’s FY25 revenue slid 0.7% to ₹89,090 crore while net income for the year rose 19% to ₹13,140 crore.
The company said its ‘large deal engine’ was working well and witnessed growth during the last 12-month period. The tech firm claimed it was seeing continuous momentum in large deals signing 63 large deals for the full year valued $5.4 billion, a 17.5% YoY growth with 17 large deals in Q4 alone with a value of $1.8 billion, taking the total deal value to $14.3 billion, a decline of 3.8% YoY.
“Wipro posted modest QoQ growth of 0.8% in Q4 in constant currency, largely due to subdued discretionary spending and global economic headwinds. Despite this, the outlook remains positive, driven by a strong deal pipeline and early signs of recovery in key sectors like BFSI and healthcare, which could help offset weakness in slower-performing industries,’‘ Biswajit Maity, Senior Principal Analyst at Gartner told The Hindu.
Clients ‘cautious’
Wipro CEO and MD Srini Pallia in his media commentary said, “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.”
He said the company was continuing to see strong momentum in large deals. Cost transformation deals were around, but business transformation deals may get delayed. He further said there were uncertainties across geographies and sectors the company was watching out for changes to discretionary spending amid the global uncertainties surrounding Trump’s tariffs.
“A measured approach by clients is expected going forward given the current market environment. Things are changing week by week and clients are doing situational planning,’‘ he commented.
Revises revenue guidance downwards
Citing tariff-driven uncertainty in customer markets, Wipro lowered its revenue guidance for the April-June period: a sequential guidance of (-) 3.5% to (-) 1.5% in constant currency terms against its fourth quarter guidance in the range of -1% to 1%.
‘’We expect revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million in the June ending quarter,’‘ it said.
“Looked at all factors to give us this guidance . Sectors like consumer and auto/industrial are impacted,” Mr. Pallia added.
Aparna Iyer, Chief Financial Officer, Wipro said, “The macroeconomic uncertainties following Trump’s tariffs and the resulting trade wars have been putting downward pressure on the company’s revenue. She further said that this will further continue to impact performance in FY26.’‘
Hired 10,000 freshers in FY25
Wipro said it onboarded 10,000 freshers from campuses in FY25, however, refused to give any outlook for hiring for the current fiscal.
Responding to a media query, Wipro CHRO Saurav Govil, said, “The company continues to hire from campus, but remains cautious to have them deployed on projects. We are cognizant that we hire and then don’t delay onboarding. We burned our fingers earlier.”
On wage hikes, he said, the company had already given increments ahead of peers in September last year and it was very far from the next cycle. ‘‘In an uncertain environment, we will decide on wage hikes closer to the date,’‘ Mr. Govil added.
During Q4, the company witnessed a voluntary attrition of 15%, on a trailing 12-month basis.
Published – April 16, 2025 09:11 pm IST
