Sequential Revenue Growth and Scale
IT Services revenue of $2.64 billion grew 1.4% sequentially on a constant currency (CC) basis (1.2% reported sequentially). Excluding HARMAN DTS, revenue grew 0.6% CC sequentially.
Margin Expansion and Profitability
Operating margin expanded to 17.6%, up 40 basis points versus adjusted Q2 and up 10 basis points year-on-year. Management noted this as one of the best margin performances in recent quarters and targeted a similar margin band (~17%–17.5%).
Strong Cash Position and Cash Generation
Operating cash flow was 135% of net income for Q3. Gross cash and investments totaled $6.5 billion, providing substantial balance sheet flexibility.
Deal Activity and Contract Value
Closed $3.3 billion in total contract value and $871 million in large deal bookings in the quarter, reflecting continued traction in winning sizable engagements.
Acquisition and Capability Expansion — HARMAN DTS
Completed the HARMAN DTS acquisition (added ~0.8% CC revenue contribution in Q3), bringing engineering and AI capabilities to strengthen engineering GBL and product innovation.
AI-First Strategy and Product Platforms
Launched/rolled-out Wipro Intelligence including industry platforms (PayerAI, NetOxygen, AutoCortex), delivery platforms (WINGS, Vega) and expansion of innovation labs in the U.S., Australia and Middle East to accelerate AI-led transformation.
Earnings and Tax Efficiency
Adjusted net income of INR 33.6 billion; adjusted EPS INR 3.21 (up 3.5% quarter-on-quarter and flat year-on-year). Effective tax rate improved to 23.9% from 24.4% prior-year quarter.
Capital Return to Shareholders
Board declared an interim dividend of INR 6 per share; cash returned to shareholders in the financial year exceeds $1.3 billion to date. Management confirmed buyback remains an option.