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Amdocs vs Wipro: revenue, profit, margins and growth compared

Amdocs brought in $5B of revenue in fiscal 2024, Wipro $10.4B in fiscal 2025. Revenue changed by +2.4% at Amdocs and -3.2% at Wipro on the year before, so Amdocs grew faster. Amdocs kept 9.9% of its revenue as net profit, Wipro 14.7%. Free cash flow was $618.9M at Amdocs and $1.8B at Wipro.

Side by side, latest fiscal year

DOXWIT
Fiscal year endedFY2024 (September 30, 2024)FY2025 (March 31, 2025)
Revenue$5B$10.4B
Revenue growth+2.4%-3.2%
Net income$493.2M$1.5B
Net margin9.9%14.7%
Free cash flow$618.9M$1.8B
Free cash flow margin12.4%17.4%
Earnings per share (diluted)$4.25$0.14
Cash$346.1M$1.4B
Debt$646.3Mn/a
Price to earningsn/an/a
Market value$6.2B$17.3B
Dividend yieldn/an/a
Rank by revenue in sector#91 of 530 · Technology#57 of 530 · Technology

Over the years

Revenue
DOX FY2017: $3.9BDOX FY2018: $4BDOX FY2019: $4.1BDOX FY2020: $4.2BDOX FY2021: $4.3BDOX FY2022: $4.6BDOX FY2023: $4.9BDOX FY2024: $5BWIT FY2018: $8.4BWIT FY2019: $8.5BWIT FY2020: $8.1BWIT FY2021: $8.5BWIT FY2022: $10.4BWIT FY2023: $11BWIT FY2024: $10.8BWIT FY2025: $10.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
DOX $5BWIT $10.4B
Net income
DOX FY2017: $436.8MDOX FY2018: $354.4MDOX FY2019: $479.4MDOX FY2020: $497.8MDOX FY2021: $688.4MDOX FY2022: $549.5MDOX FY2023: $540.7MDOX FY2024: $493.2MWIT FY2018: $1.2BWIT FY2019: $1.3BWIT FY2020: $1.3BWIT FY2021: $1.5BWIT FY2022: $1.6BWIT FY2023: $1.4BWIT FY2024: $1.3BWIT FY2025: $1.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
DOX $493.2MWIT $1.5B
Net margin
DOX FY2017: 11.3%DOX FY2018: 8.9%DOX FY2019: 11.7%DOX FY2020: 11.9%DOX FY2021: 16.1%DOX FY2022: 12.0%DOX FY2023: 11.1%DOX FY2024: 9.9%WIT FY2018: 14.7%WIT FY2019: 15.3%WIT FY2020: 15.9%WIT FY2021: 17.4%WIT FY2022: 15.4%WIT FY2023: 12.5%WIT FY2024: 12.3%WIT FY2025: 14.7%FY17FY18FY19FY20FY21FY22FY23FY24FY25
DOX 9.9%WIT 14.7%
Revenue growth
DOX FY2018: +2.8%DOX FY2019: +2.8%DOX FY2020: +2.0%DOX FY2021: +2.9%DOX FY2022: +6.7%DOX FY2023: +6.8%DOX FY2024: +2.4%WIT FY2019: +1.2%WIT FY2020: -4.5%WIT FY2021: +4.6%WIT FY2022: +23.1%WIT FY2023: +5.6%WIT FY2024: -2.2%WIT FY2025: -3.2%FY18FY19FY20FY21FY22FY23FY24FY25
DOX +2.4%WIT -3.2%
Free cash flow
DOX FY2017: $502.7MDOX FY2018: $326.1MDOX FY2021: $715.4MDOX FY2022: $529.5MDOX FY2023: $698.3MDOX FY2024: $618.9MWIT FY2018: $957MWIT FY2019: $1.4BWIT FY2020: $1BWIT FY2021: $1.8BWIT FY2022: $1.2BWIT FY2023: $1.4BWIT FY2024: $2BWIT FY2025: $1.8BFY17FY18FY19FY20FY21FY22FY23FY24FY25
DOX $618.9MWIT $1.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Amdocs and Wipro

Which is bigger by revenue, Amdocs or Wipro?

Wipro is bigger by revenue: $10.4B in fiscal 2025, against $5B for Amdocs in fiscal 2024.

Which keeps more of its revenue as profit, Amdocs or Wipro?

Amdocs had a net margin of 9.9% in fiscal 2024; Wipro had 14.7% in fiscal 2025.

Which grew revenue faster, Amdocs or Wipro?

In their latest fiscal years revenue changed by +2.4% at Amdocs and -3.2% at Wipro.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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