Wipro job alert: India’s fourth-largest IT major to hire 10-12K freshers in FY26 with 2,500-3,000 every quarter | Stock Market News
Source: Live Mint
Wipro job alert: India’s fourth-largest IT services company announced that it expects freshers hiring to be between 10,000-12,000 for the next financial year 2025-26 (FY26), after declaring its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday, January 17. Wipro headcount reduced by 1,157 in the December quarter reversing two quarters of employee additions.
The total employee headcount stood at 2,32,732 in the third quarter of FY25, compared to 2,33,889 in the preceding September quarter, and 2,39,655 in the year-ago period. Wipro’s voluntary attrition rate rise to 15.3 per cent in the third quarter of current fiscal. Saurabh Govil, chief human resources officer of Wipro said the firm honoured all pending offers it had made.
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“At the end of Q3, we have closed on all the backlog, and there are no pending offers from the past. We have honoured all pending offers,” he said. The company will continue to onboard 2,500-3,000 freshers every quarter, which translates into 10,000-12,000 freshers onboarding every fiscal year.
“On campus, we will be just a shade less than 10,000 for this fiscal. For the next fiscal, we are clear that we will continue between 2500-3000 (every quarter), so 10,000-12,000 is what we want to be,” said the HR chief. Govil said that the company does not intend to “go overboard” or make offers it cannot absorb.
Wipro Q3 Results
The Srinivas Pallia-led tech giant reported a 24.5 per cent rise in its consolidated net profit to ₹3,353.8 crore during the third quarter of the current fiscal year, compared to ₹2,694.2 crore in the year-ago period. Revenue from operations in the December quarter was ₹22,319 crore, up one per cent, compared to ₹22,205 crore in the year-ago period.
Wipro filed a regulatory filing announcing an interim dividend of ₹6 per share. As of January 28, 2025, the record date, the company’s members will receive an interim dividend of ₹6 per equity share of par value at ₹2 each.
Wipro’s top management guided for a “more hopeful and resilient” 2025 after facing macroeconomic challenges in 2024. The Bengaluru-headquartered tech major’s revenue from operations was aided by momentum in banking, financial services, insurance space, and America’s geography during Q3FY25.
For the March quarter, Wipro sees revenue from IT services business in the range of $2,602 million to $2,655 million, which sequentially translates into a band of one per cent decline to one per cent growth. Hence, for January-March, Wipro forecasts its revenue growth would be -1 per cent to 1 per cent sequentially.
