Conference Call with Wipro Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Wipro announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Gross revenue at Rs 225.0 billion (USD 2,634.2 million), an increase of 0.8% QoQ and 1.3% YoY. IT services segment revenue was at USD 2,596.5 million, decrease of 1.2% QoQ and 2.3% YoY. Non-GAAP constant currency IT Services segment revenue decreased 0.8% QoQ and 1.2% YoY. Total bookings was at USD 3,955 million, up by 13.4% QoQ in constant currency . Large deal bookings was at USD 1,763 million, an increase of 48.5% YoY in constant currency. IT services operating margin for Q4FY25 was at 17.5%, flat QoQ and expansion of 1.1% YoY. Net income for the quarter was at Rs 35.7 billion (USD 417.8 million), an increase of 6.4% QoQ and 25.9% YoY. Earnings per share for the quarter at Rs 3.4 (USD 0.04), an increase of 6.2% QoQ and 25.8% YoY. Operating cash flows of Rs 37.5 billion (USD 438.5 million), decrease of 28.2% YoY and at 104.4% of Net Income for the quarter. Voluntary attrition was at 15.0% on a trailing 12-month basis. FY25 Financial Highlights: Gross revenue reached Rs 890.9 billion (USD 10.4 billion), a decrease of 0.7% YoY. IT services segment revenue was at USD 10,511.5 million, a decrease of 2.7% YoY. Non-GAAP constant currency IT Services segment revenue decreased 2.3% YoY. Large deal bookings was at USD 5.4 billion, up by 17.5% YoY. Total bookings was at USD 14.3 billion, decrease of 3.8% YoY. IT services operating margin for the year was at 17.1%, up by 0.9% YoY. Net income for the year was at Rs 131.4 billion (USD 1,537.0 million), an increase of 18.9% YoY. Earnings per share for the year was at Rs 12.6 (USD 0.15), an increase of 20.3% YoY. Operating cash flows of Rs 169.4 billion (USD 1,983.0 million), decrease of 3.9% YoY and at 128.2% of Net Income for the year. Srini Pallia, CEO & 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 YoY and for the full financial year margin 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 USD 2 billion for FY25, which is 128.2% of our net income.” Result PDF