Another big tech number has been announced. Wipro, the IT major, has posted a 7% YoY decline hit by one time impact of new labour code. Deal TCV has also taken a hit. Revenue however has increased.
Here are 5 key takeaways that you must know.
1 Wipro guides for up to 2% sequential revenue growth in Q4
Wipro expects revenue for Q4FY26 to grow in the range of 0- 2% on a sequential basis. That implies revenue will be in the range of $2.64 billion to $2.69 billion.
2 Rs 302.8 crore one-time hit from labour code change
Wipro’s consolidated net profit reported fell 7% to Rs 3,119 crore in Q3FY26, weighed by a one-time provisional impact of Rs 302.8 crore due to the implementation of new Labour Codes.
“The implementation of the Labour Codes has resulted in an increase of Rs 2,915 in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current reporting period.”
3 Wipro declares interim dividend of Rs 6 per share
Wipro has announced an interim dividend of Rs 6 per share. The record date is set on January 27 and payment date is set on February 14.
“The Board has declared an interim dividend of Rs 6 per share which will take the total payout for the year to $1.3 Bn,” said Aparna Iyer, Chief Financial Officer of Wipro.
4 Wipro bookings fall 5.7% YoY
Wipro’s Total bookings declined 5.7% YoY in constant currency term at $3,335 million. Large deal bookings also decrease 8.4% YoY in constant currency at $871 million.
5 Headcount stands at 242,021
Wipro reported a total headcount of 242,021 in Q3, while voluntary attrition stood at 14.2% on a trailing 12-month basis. Net utilisation, excluding trainees, was at 83.1%.
Wipro Q3 revenue rises 5.5% YoY
Wipro’s revenue from operations increased 5.5% to Rs 23,555.8 crore in Q3 FY26 compared to Rs 22,318.8 crore in the Q3FY25. On a quarter-on-quarter basis, Wipro’s profit fell 3.9% while revenue rose 3.7%.
“AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations,” Wipro CEO and MD Srini Pallia said.