After (or during) test execution, click the Excel icon

to get test report in Excel

For formal reporting, it is best to be generated as a part of continuous integration.
Releases
TestWise 1.6 introduced many new features and enhancements, check it out!
Also there is minor update to TestWise 1.5.6 community edition to support unicode, RWebSpec v1.4.0.2 and TestWise/Watir recorder v1.1.1.
There are also updates to the documentations, particularly ‘Productivity’ section.
TestWise in the news
After (or during) test execution, click the Excel icon

to get test report in Excel

For formal reporting, it is best to be generated as a part of continuous integration.