Wipro Q4 Results: Firm underscores large deal wins, IT consulting and AI focus

India’s fourth-largest IT services company, Wipro, which announced its Q4FY25 results on Wednesday, saw a modest 1.3% year-on-year increase in revenue, reaching Rs 22,504 crore, compared to Rs 22,208 crore in Q4FY24. In a regulatory filing, the Bengaluru-based company reiterated its focus on Artificial Intelligence (AI) while highlighting several key deals secured in recent months.

Wipro’s net profit for the Q4FY25 surged 25.9% to Rs 3,569.6 crore, while that for full FY25 rose 18.9% to Rs 13,135.4 crore, even as revenues for the full fiscal year tanked 0.74% to Rs 89,088.4 crore. The filing stated that the company has been investing in global talent and strengthening its consulting and AI capabilities, and plans to leverage its “deep expertise and AI tools” to scale the operations of various clients worldwide.

Despite muted topline growth, the company closed the financial year on a positive note with strong deal wins and improved client engagement. 
"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," said Pallia, CEO and Managing Director of Wipro.

The company highlighted several strategic deals struck in the last quarter (between January and March) including the £500 million agreement with UK insurance giant Phoenix Group. Wipro said that it would be managing the core policy administration ALPHA platform of the company and “modernising it with AI, Automation, Cloud, and digital transformation technologies”. 

Total bookings during the quarter came in at $3,955 million, a 13.4% quarter-on-quarter rise in constant currency. Notably, large deal bookings surged 48.5% YoY to $1,763 million in constant currency terms — a sign of strong client confidence despite broader macroeconomic headwinds.

Pallia said the company will continue to remain focused on five stated priorities: continuing to grow large deal wins, pipeline moving to AI transformation, cross-industry solutions, building talent at scale, and client centricity. 

The company’s performance reflects a growing focus on profitability and deal momentum, even as topline challenges continue to persist in a volatile global tech environment. As Biswajit Maity, Sr Principal Analyst at Gartner, said, "Wipro is prioritising large deal acceleration, deepening client relationships, advancing AI and GenAI initiatives, and refining its operating model to adapt to evolving market demands. Revenue continues to be largely driven by the BFSI, consumer, EMR, technology & communications, and healthcare sectors. Early signs of recovery in BFSI and healthcare may help offset weakness in slower-performing verticals."

Notably, the company's voluntary attrition rate stands at 15%, slightly lower than the previous quarter. However, Maity said that clients have raised concerns about staffing delays, inconsistent onboarding, and overall resourcing quality. "To sustain growth, Wipro must focus on workforce stability, as high attrition and increasing workload pressures could negatively impact service delivery and performance," he said.

Last week, India’s largest IT services firm, Tata Consultancy Services (TCS) posted lower-than-expected revenue during Q4FY25 amid persistent weakness in the U.S. market. However, it witnessed a jump in its Q4 revenue on a year-on-year (YoY) basis to ₹64,479 crore as against ₹61,237 crore posted in the same period last fiscal. The company further noted that it was now seeing “increasing traction in AI adoption” with IOT/DE, enterprise solutions and AI.Cloud, leading the growth among service lines.