Wipro Q3 Earnings Review **Executive Summary** Wipro reported Q3 results largely in line with market expectations, marking a return to sequential growth and margin stability despite wage-code headwinds. While deal bookings softened during the period, forward guidance indicates a gradual recovery trajectory. **Key Performance Highlights** * **Revenue Growth:** Delivered **1.4% QoQ** growth in constant currency (CC). * **Profitability:** Operating margins remained stable following the absorption of wage-code impacts. * **Deal Momentum:** Bookings were softer for the quarter; however, analysts anticipate potential improvement in Q4 as operational momentum stabilizes. **Outlook & Guidance** * **Q4 Guidance:** Management forecasts **0–2% CC growth**, signaling a steady return to growth. * **Strategic View:** The outlook remains cautious but constructive, with demand visibility improving slowly across core global IT services segments.