Wipro Beats Q3 Revenue Estimates on Growth in Americas Business

BENGALURU — Wipro Ltd, India’s fourth-largest IT services exporter, reported better-than-expected third-quarter revenue on Friday, supported by steadier demand from key U.S. clients.

The company posted consolidated sales of ₹235.56 billion ($2.59 billion) for the quarter ended December 31, a 5.54% rise year-on-year. This beat the average analyst estimate of ₹233.91 billion compiled by LSEG data.

Americas drives growth

Wipro’s performance was supported by growth in a part of its Americas business that includes communications, health and consumer segments, indicating signs of resilience in client spending after several quarters of cautious discretionary budgets.

The results come as India’s IT sector closely tracks demand signals from North America, which remains the largest revenue contributor for most major outsourcing firms.

Market outlook

While the revenue beat provides near-term relief, investors remain focused on Wipro’s deal pipeline, margin trajectory and outlook commentary. The company is expected to discuss its AI strategy during the earnings call as Indian IT services firms accelerate adoption of generative AI tools to defend market share and improve productivity.

Brief Summary

Wipro reported third-quarter revenue of ₹235.56 billion, beating analyst estimates of ₹233.91 billion. Revenue rose 5.54% year-on-year, supported by growth in parts of its Americas business, particularly communications, health and consumer segments. The results offer signs of stabilization in demand from key U.S. clients after a prolonged slowdown in discretionary IT spending.

Frequently Asked Questions (FAQs)

Q1: Did Wipro beat expectations in Q3?

Yes. Wipro reported revenue of ₹235.56 billion, beating analyst estimates of ₹233.91 billion.

Q2: What was Wipro’s revenue growth in Q3?

Revenue rose 5.54% year-on-year for the quarter ended December 31.

Q3: What drove Wipro’s revenue outperformance?

Growth in parts of its Americas business, including the communications, health and consumer segments, supported the quarter’s performance.

Q4: Why is U.S. demand important for Wipro?

North America is a critical market for Indian IT services firms, and spending trends there often shape revenue growth, deal wins and guidance.

Q5: What will investors watch next?

Investors will focus on management commentary around:

• Deal pipeline and large contract wins
• Margin stability and pricing
• Outlook on client IT spending
• Progress on generative AI-led service offerings