Wipro projects Q3 IT services revenue at $2.59–2.64 billion; large deal bookings jump 91%

IT services company Wipro Ltd on Thursday (October 16) expects revenue from its IT services business to be in the range of $2,591 million to $2,644 million for the quarter ending December 31, 2025.

The guidance implies a sequential growth of -0.5% to +1.5% in constant currency terms, the company said in its outlook statement. Wipro clarified that the forecast excludes any potential contribution from its recently announced acquisition of Harman Digital Transformation Solutions.

The company's revenue from operations increased 2.5% to ₹22,641 crore as against ₹22,080 crore in the corresponding quarter. The CNBC-TV18 poll had predicted revenue of ₹22,700 crore for the quarter under review.

At the operating level, EBIT surged 6% to ₹3,783 crore in the second quarter of this fiscal over ₹3,572 crore in the first quarter. The CNBC-TV18 poll had predicted an EBITDA of ₹3,820 crore for the quarter under review.

Operating cash flow stood at ₹33.9 billion ($381.5 million), forming 103.8% of net income, though it declined 17.6% quarter-on-quarter and 20.7% year-on-year. The company reported voluntary attrition at 14.9% on a trailing 12-month basis.

The results came after the close of the market hours. Shares of Wipro Ltd ended at ₹253.60, up by ₹3.40, or 1.36% on the BSE.Read about our editorial guidelines and ethics policy