Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes the communications, health and consumer segments.
Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($2.59 billion) for the Indian software services exporter, topping analysts’ average estimate of 233.91 billion rupees, according to data compiled by LSEG.
The Bengaluru-based IT firm forecast revenue in the fourth quarter to grow in the range of flat to 2 per cent on a sequential basis. That implies revenue will be in the range of $2.64 billion to $2.69 billion.
Banking and financial services, the company’s largest segment that accounts for over a third of its revenue, saw demand pickup, with revenue from the segment rising 1.6 per cent.
While firms in India’s $283-billion IT sector have been grappling with clients holding off on non-essential tech spends, companies have flagged demand in pockets and broad-based demand for essential projects.
Net profit for the quarter fell 7 per cent to 31.19 billion rupees, below analysts’ estimate of 33.52 billion rupees. This was adjusted for a one-time charge of 3 billion rupees due to India’s new labour codes, the company said.
Total deal bookings came in at $3.34 billion, down from $4.69 billion in the prior quarter but up from $3.5 billion a year earlier.
Earlier this week, larger Tata Consultancy Services , HCLTech and Infosys beat revenue forecasts and flagged tech demand despite uncertainty, with TCS saying it was confident of “a good calendar year 2026”.
Published on January 16, 2026
