Wipro has reported a 26% growth in its net profit at ₹3,569.6 crore for the fourth quarter ended March 31, 2025. The IT major had posted a net profit of ₹2,835 crore in the year-ago period. Revenue from operations rose marginally by 1.3% year-on-year (YoY) to ₹22,504.2 crore during the reported quarter, the IT major said in a BSE filing today.

According to the Bengaluru-based company, revenue for the IT Services segment stood at $2,596.5 million in Q4FY25, down 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT Services revenue decreased 0.8% QoQ and 1.2% YoY.

Total order bookings for the quarter stood at $3,955 million, up by 13.4% QoQ in constant currency terms. Large deal bookings were at $1,763 million, an increase of 48.5% YoY in constant currency terms, the release noted.

“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,” said CEO & MD Srini Pallia.

“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,” he added.

For the full financial year, Wipro’s gross revenue was at ₹8,909 crore ($10.4 billion), down 0.7% YoY, while net income stood at ₹1,314 crore ($1,537 million), an increase of 18.9% YoY. IT services segment revenue was at $10,511.5 million, a decrease of 2.7% YoY, while margin was at 17.1%, up by 0.9% YoY.

“For Q4, operating margins expanded 110 basis points year-on-year and for the full financial year, the 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,” said Aparna Iyer, Chief Financial Officer.

“Our endeavour 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 $2 billion for FY25, which is 128.2% of our net income,” she said.

Going ahead, Wipro expects its IT Services business segment revenue in the range of $2.51 billion to $2.56 billion, or between ₹21,400 crore and ₹21,926 crore, a sequential decline between 3.5% to 1.5% in constant currency terms.

The company also said that the interim dividend of ₹6 declared by the board at its meeting held on January 17, 2025, will be considered as final dividend for financial year 2024-25.

As of March 31, 2024, Wipro’s total headcount stood at 233,346 employees, an increase of 614 employees from the December quarter. The company’s voluntary attrition rate dropped 15% on a last-twelve-month (LTM) basis in Q4, from 15.3% in the preceding quarter.

Ahead of the Q4 results, shares of Wipro ended 1.4% higher at ₹247.50 on the BSE, with a market capitalisation of ₹2.59 lakh crore.