Having returned sequential top line growth in the prior quarter (see here), Wipro saw its pace of qoq expansion accelerate during Q326. Revenue for the three months ended 31 December was up by 1.4% qoq (Q226: 0.3%) at constant currency to $2.64bn, albeit turnover for the period was down yoy by 1.2%. Operating margin improved by 10 bps yoy to 17.6%.

Large deal bookings, which had been one of the highlights for Wipro in the first half of the current fiscal, eased back in the third quarter. Having more than doubled yoy in H126 to $5.6bn, big wins in Q3 dipped by 8.4% to just $0.9bn. The company has, however, already comfortably exceeded this metric for the whole of FY25.

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