Wipro Q3 Results Review — Motilal Oswal Reiterates 'Neutral' Stance On The Stock; Here's Why

Wipro Ltd. reported Q3 FY25 IT Services revenue of $2.6 bilion (0.1% QoQ) in constant currency, above our estimate of a 1.0% QoQ decline..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Wipro Ltd. delivered a steady performance in Q3 FY25, driven by a strategic focus on key client segments (seven out of top 10 clients grew YoY CC) and growth in the healthcare vertical. Total contract value reached $3.5 billion in Q3, with large deals contributing $0.96 billion. A notable uptick in smaller- and medium-sized deals in Q3 aligns with peers’ commentary, highlighting the growing momentum of short-cycle deals and signaling a recovery in discretionary spending.Growth was particularly strong in the U.S. banking, financial services and insurance and healthcare verticals, driven by a gradual recovery in discretionary spending. The company’s focus on client mining and expanding its consulting business has further strengthened its deal pipeline, especially in the Americas.However, challenges remain in certain verticals and geographies. Its Q4 guidance is muted (-1.0% to 1.0% in CC), reflecting regional softness, particularly in Europe and APMEA. Manufacturing and energy and utilities verticals continue to face client-specific headwinds, with no immediate signs of recovery expected..Click on the attachment to read the full report:.Wipro Q3 Results: Profit Rises 4%, Beats Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Wipro Q3 Results Review — Motilal Oswal Reiterates 'Neutral' Stance On The Stock; Here's Why

The brokerage reiterates Neutral rating as it views the current valuation as fair, sets target price of Rs 290 which implies 22x FY27E EPS.

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