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Wipro reports Q3 revenue rises, increase in large deal bookings

Wipro reports Q3 revenue rises, increase in large deal bookings

Craig Johnson
| January 17, 2025
Wipro building face with logo
Photo credit: ID 284471240 © Pulkit Aggarwal | Dreamstime.com

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Revenue at Wipro (NYSE: WIT) rose 0.5% year over year to 223.2 billion Indian rupees (US$2.6 billion) in its fiscal third quarter ended Dec. 31, 2024. Revenue was up 0.1% sequentially, which was above the upper end of guidance, the company said.

“In a seasonally weak quarter, our strong in-quarter execution helped us deliver above the top end of our revenue guidance,” CEO and Managing Director Srini Pallia said in a press release.

The Bangalore, India-headquartered IT services provider reported large deal bookings rose 6.0% year over year in constant currency to $961 million.

Wipro issued guidance for IT services revenue in the fourth quarter of down 1.0% to up 1.0% in constant currency.

Wipro Ltd. - Q3 2025

(INR millions)

Q3 2025

Q3 2024

% change

Q3 2025 (US$ millions)

Revenue

223,188

222,051

0.5%

2,609

Gross profit

69,266

68,225

1.5%

810

Gross margin percentage

31.0%

30.7%

-

 -

Profit for the period

33,667

27,006

24.7%

394

Share price

Shares in Wipro closed down 2.39% to 281.95 Indian rupees (US$3.26) on 17 January in India. They were 11.89% below their 52-week high.