Bengaluru-based Wipro (NYSE:WIT) reported better-than-expected consolidated revenue for its fiscal third quarter ended December 31, 2025, driven by growth in its Americas business, particularly in the communications, health, and consumer segments.
Net sales rose 5.54% year-over-year to 235.56 billion rupees ($2.59 billion), surpassing the average analyst estimate of 233.91 billion rupees compiled by LSEG.
The company's largest segment, banking and financial services (BFSI), which accounts for more than a third of revenue, saw a 1.6% sequential increase, signaling a pickup in demand amid ongoing caution on discretionary tech spending across the industry.
Net profit declined 7% to 31.19 billion rupees, missing the consensus estimate of 33.52 billion rupees.
The figure was adjusted for a one-time charge of 3 billion rupees related to India's new labor codes.
Total deal bookings stood at $3.34 billion for the quarter, down from $4.69 billion in the prior quarter but up from $3.5 billion a year earlier.
For the fiscal fourth quarter, Wipro guided for sequential revenue growth in the range of flat to 2%, implying revenue of approximately $2.64 billion to $2.69 billion.
The results align with recent commentary from larger Indian IT peers, including Tata Consultancy Services, HCLTech, and Infosys, which also beat revenue estimates this week and expressed confidence in demand recovery for essential projects despite broader uncertainty.