Wipro Limited · WIT · FY2025 Q3 · Calendar Q1 2025
Wipro: margins improved, but growth remains uneven
The current evidence supports a cautiously constructive operating thesis: AI demand, large deals, and stronger health and BFSI activity can support progress, but flat revenue and regional softness mean growth has not yet broadened.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the margin picture improved and AI certification and large-deal execution remained strengths. Guidance moved from a prior lowered stance to maintained guidance, while regional and discretionary-spend risks persisted.
Guidance delta
Guidance was maintained; next-quarter sequential revenue guidance remains flat at -1% to +1%.
Key takeaways
- Management described margin execution as resilient despite wage pressure.
- Large-deal activity and AI-led work remain central growth drivers, but revenue was essentially flat.
- Health and BFSI were stronger in the Americas, while Europe and APMEA remained soft.
- The near-term outlook is stable rather than accelerating, with flat sequential guidance.
Management priorities
- Invest in AI tools, platforms, and employee education
- Expand large-account relationships and pursue new lines of business
- Convert the large-deal pipeline into revenue
- Restart graduate and lateral hiring as demand improves
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Underweight | Underweight | Maintain | Jun 24, 2026 |
| UBS | Neutral | Sell | Upgrade | Jan 2, 2025 |
| Wedbush | Underperform | Underperform | Maintain | Jan 16, 2024 |
| Bernstein | Underperform | Market Perform | Downgrade | Mar 22, 2023 |
| Goldman Sachs | Buy | Sell | Upgrade | Sep 13, 2022 |
| Morgan Stanley | Underweight | Overweight | Downgrade | Jul 14, 2022 |
| Macquarie | Outperform | Neutral | Upgrade | Jun 2, 2022 |
| Jefferies | Hold | Underperform | Upgrade | Feb 4, 2022 |
| Citigroup | Buy | Neutral | Upgrade | Apr 16, 2021 |
| Credit Suisse | Underperform | Neutral | Downgrade | Feb 26, 2019 |
| Nomura | Neutral | Reduce | Upgrade | Jun 26, 2018 |
| Bank of America | Neutral | Neutral | Maintain | Jul 21, 2017 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 21, 2017 |
| HSBC | Reduce | Hold | Downgrade | Aug 9, 2016 |
| Sterne Agee CRT | Underperform | Underperform | Maintain | Dec 17, 2015 |
| Barclays | Equal Weight | Underweight | Upgrade | May 23, 2014 |
| Societe Generale | Hold | Hold | Maintain | Sep 23, 2013 |
| Standard Chartered Bank | Outperform | In Line | Upgrade | Mar 26, 2013 |
| Sushil Finance | Hold | Hold | Maintain | Dec 10, 2012 |
| KR Choksey | Hold | Reduce | Upgrade | Jul 26, 2012 |
| Oppenheimer | Perform | Perform | Maintain | Feb 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $2.11. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CFRA | Hazim Bahari | $7 | $6.59 | +231.8% | Oct 21, 2024 |
| Jefferies | Take Jefferies | $7.7 | $6.71 | +264.9% | Apr 27, 2022 |
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Start freeCompany context
Snapshot as of publicationWipro Limited is a global enterprise that specializes in providing information technology (IT), consulting, and business process services. The company organizes its operations into three distinct divisions: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services division delivers a comprehensive suite of IT and IT-enabled solutions. These offerings span strategic digital advisory, bespoke customer experience design, expert technology and IT consultation, and the complete lifecycle of custom application management – from design and development to re-engineering and ongoing maintenance. Additionally, this segment handles systems integration, the deployment of packaged software, management of cloud and infrastructure environments, optimization of business processes, and advanced services in cloud computing, mobile technology, and data analytics, alongside research and development, and hardware and software design for various enterprises.…
Historical context
All WIT earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-09T11:27:07.325557+00:00
- Polygon adjusted daily market bars · 2026-10-26T09:00:44.139797+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T09:00:44.136821+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.