Wipro CEO and Managing Director Srini Pallia speaks regarding the Q4 2025 results during a press conference, at Wipro campus in Bengaluru on Wednesday.
| Photo Credit: ANI
Shares of Wipro on Thursday (April 17, 2025) tanked over 6 per cent after the firm warned of a weak quarter ahead with up to 3.5% expected drop in IT services revenue for Q1FY26, amid global uncertainties.
The stock dropped 6.18% to ₹232.20 on the BSE.
At the NSE, it declined by 6.25% to ₹232.15.
Wipro on Wednesday reported a 25.9% year-on-year rise in consolidated net profit for the March quarter to ₹3,569.6 crore, but warned of a weak quarter ahead with up to 3.5% expected drop in IT services revenue for Q1FY26, amid global uncertainties.
Wipro CEO and MD Srini Pallia said clients remain cautious in the face of macroeconomic uncertainty, but Wipro is focused on partnering closely with them while keeping its gaze on consistent and profitable growth.
For Q1 FY26, the firm sees its IT services business revenue between $2,505 million and $2,557 million, a drop of 1.5-3.5% in constant currency (cc) terms on a sequential basis.
“The guidance is baked into all the uncertainties that we see, but I think the most important thing is what’s happening in the macro environment. Today, in addition to the geopolitics this year, macro environment in the context of tariffs has created a lot of uncertainties to our clients and this uncertainty varies from country to country, markets to market, sectors by sectors,” Mr. Pallia said during the company’s earnings conference.
Over the past weeks, U.S.’ on-now, off-now tariff moves have roiled global markets and many IT analysts fear that a bitter trade war and a possible slowdown in the American economy could take a toll on IT decision-making or curtail tech demand and spending from specific verticals.
Published – April 17, 2025 10:56 am IST
