Wipro Ltd Reports Q3 Revenue of $2.622 Billion, Exceeding Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Source: Benzinga
- Revenue Growth: Wipro reported gross revenue of ₹235.6 billion ($2.622 billion) for Q3 FY2026, reflecting a year-over-year increase of 5.5%, slightly surpassing the analyst consensus estimate of $2.620 billion, indicating the company's resilience and growth potential in the market.
- IT Services Revenue: Despite overall revenue growth, IT Services revenue rose only 0.2% year-over-year to $2.635 billion, while adjusted constant-currency revenue declined by 1.2%, highlighting challenges from intensified market competition and shifting client demands.
- Margin Improvement: The operating margin for IT Services improved to 17.6%, up 10 basis points from the previous year, demonstrating positive progress in cost control and efficiency enhancements, which bolster future profitability prospects.
- Shareholder Returns: The board approved an interim dividend of ₹6 per share, bringing total shareholder payouts for the year to $1.3 billion, reflecting the company's commitment to shareholders and effective cash flow management.
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About WIT
Wipro Limited is a technology services and consulting company. The Company operates through two segments: Information Technology (IT) Services, and IT Products. IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. These products include computing, platforms and storage, networking solutions, and software products. Its services include Applications, Artificial Intelligence, Business Process, Cloud, Consulting, Data & Analytics, Digital Experiences, Engineering, and Sustainability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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