Wipro ADR drops 3% on NYSE after IT major forecasts weak Q1 revenue amid global uncertainty on Trump tariffs

Wipro ADR: American Depository Receipt (ADR) shares of India's fourth-largest IT services company witnessed a drop on the New York Stock Exchange (NYSE) after declaring its January-March quarter results for fiscal 2024-25 (Q4FY25). Wipro ADR last rose 3.19 per cent to $2.73 on the American stock exchange after the IT major forecast a weak Q1 quarter of FY26 amid global uncertainty triggered by US President Donald Trump's tariff policies.

US-listed shares of Wipro fell five per cent at $2.71 in premarket trading after the IT major said it expects revenue in the April–June quarter to fall between 1.5 per cent and 3.5 per cent. ADR is a tool for foreign companies or organisations to trade on US stock markets, just like regular shares of US companies. In theory, an ADR is similar to a special certificate issued by a US bank.

Wipro Q3 Results: Key Metrics

On Wednesday, April 16, 2025, Wipro reported a rise of 26 per cent in net profit to ₹3,569.6 crore for the March quarter of FY25, compared to ₹2,834.60 crore in the corresponding period last year. Despite a rise in net profit, the leading IT services major warned of a weak quarter ahead with up to 3.5 per cent expected drop in IT services revenue for Q1FY26, amid global uncertainties.

Wipro's employee count closed at 2,33,346, slightly higher than 2,32,614 in the same period the previous year. The total attrition rate stood at 15 per cent by the end of the March quarter. Wipro did not specify hiring targets for FY26 but confirmed that it had recruited 10,000 in FY25 as intended.

Wipro revenue guidance

For the current quarter of FY26, Wipro sees IT services business revenue between $2,505 million and $2,557 million, a drop of 1.5-3.5 per cent in constant currency (cc) terms on a sequential basis. The Bengaluru-based IT bellwether witnessed strong growth in its large deal bookings, which stood at $1,763 million, an increase of 48.5 per cent YoY in constant currency terms.

The IT services segment revenue declined by 1.2 per cent on a quarter-on-quarter (QoQ) basis and 2.3 per cent on a YoY basis. The IT services operation margin for Q4 FY25 stood at 17.5 per cent, flat QoQ and up 1.1 per cent YoY.