Wipro (NYSE:WIT) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Wipro (NYSE:WIT) released its earnings results on Friday. The information technology services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01), Zacks reports. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.63 billion. Wipro had a return on equity of 15.80% and a net margin of 15.06%.

Here are the key takeaways from Wipro’s conference call:

• Q3 IT services revenue was $2.64 billion (1.4% sequential CC) with an operating margin of 17.6%, and management guides Q4 IT services growth of 0–2% sequential in constant currency.
• Wipro completed the Harman DTS acquisition, adding engineering and AI capabilities that management says will expand addressable markets and support larger, product-engineering deals.
• Management is pushing an AI-first strategy—Wipro Intelligence (industry platforms, delivery platforms like Wing and WeGA, and an Innovation Network)—and cited two multi-year wins that leverage these assets.
• Q3 included one‑offs that reduced net income—a gratuity charge of INR 302 crore from the new labour code and restructuring costs of INR 263 crore—though management says restructuring is complete and no further charges are expected.
• Cash generation and capital return remain strong with operating cash flow at 135% of net income, gross cash/investments of ~$6.5 billion, and an interim dividend of INR 6 per share (bringing FY cash returned to shareholders above $1.3 billion).

Wipro Trading Down 7.1%

Wipro stock opened at $2.76 on Friday. Wipro has a 12 month low of $2.55 and a 12 month high of $3.79. The stock has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $2.79. The firm has a market cap of $28.90 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 17.98 and a beta of 1.03.

Analyst Ratings Changes

Several research firms recently weighed in on WIT. Weiss Ratings restated a “hold (c)” rating on shares of Wipro in a research note on Thursday, October 30th. CLSA downgraded Wipro from an “outperform” rating to a “hold” rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Wipro presently has an average rating of “Reduce”.

Key Wipro News

Here are the key news stories impacting Wipro this week:

• Positive Sentiment: Revenue outperformed some street views and was helped by growth in parts of the Americas business (communications, health, consumer), supporting top-line momentum. India’s Wipro beats third-quarter revenue view
• Positive Sentiment: Management highlighted improved margins — described as some of the best in years — which helped offset part of the profit weakness and signals operating leverage. Wipro’s Best Margins In Years Can’t Mask Soft Bookings, Profit Dip
• Neutral Sentiment: The company posted IFRS quarterly results and released formal financials for the quarter ended Dec 31, 2025 — the official release provides line-by-line numbers investors will parse for cash flow, segment details and any guidance. Wipro Announces Results for the Quarter Ended December 31, 2025
• Neutral Sentiment: Full earnings and press-conference transcripts are available for investors needing management commentary and Q&A that shed light on bookings, demand trends, and AI investment plans. Wipro Limited (WIT) Q3 2026 Earnings Call Transcript Wipro Limited (WIT) Q3 2026 Press Conference Call Transcript
• Negative Sentiment: Reported EPS missed consensus (reported $0.03 vs. $0.04 expected) and revenue figures were slightly below some estimates, which is a primary driver of downward pressure on the stock. Wipro earnings / conference call
• Negative Sentiment: Management commentary pointed to soft bookings and a dip in profit despite margin improvements; that weak demand signal weighs on near-term revenue visibility and investor sentiment. Wipro’s Best Margins In Years Can’t Mask Soft Bookings, Profit Dip

Institutional Investors Weigh In On Wipro

Large investors have recently bought and sold shares of the business. Curi Capital LLC purchased a new position in Wipro in the 2nd quarter worth about $31,000. CW Advisors LLC purchased a new stake in Wipro in the second quarter worth about $39,000. Blair William & Co. IL purchased a new stake in Wipro in the 3rd quarter worth approximately $39,000. Alliancebernstein L.P. purchased a new stake in Wipro in the 3rd quarter worth approximately $43,000. Finally, EP Wealth Advisors LLC bought a new stake in Wipro during the 2nd quarter worth approximately $61,000. 2.36% of the stock is currently owned by institutional investors.

About Wipro

Wipro Limited (NYSE: WIT) is an Indian multinational corporation that provides information technology, consulting and business process services. Headquartered in Bengaluru, India, the company traces its origins to 1945 when it was founded as Western India Vegetable Products and later diversified into technology and IT services. Today Wipro positions itself as a provider of enterprise IT solutions and digital transformation services for large and mid-sized organizations across multiple industries.

The company’s service portfolio includes application development and maintenance, cloud and infrastructure services, data analytics and AI, cybersecurity, digital consulting, product engineering and research and development, as well as business process services.