Wipro Ltd

Latest Results (01.09.2026):

Wipro Ltd — results for the quarter ended June 30, 2026 (Q1 FY2027): the company reported modest top-line growth year‑over‑year with mixed operational performance. Gross revenue rose to ₹244.8 billion (+10.6% YoY, +1.0% QoQ), while IT Services revenue was $2,614.5m (‑1.4% QoQ, +1.0% YoY). Net income was ₹33.6 billion (+0.6% YoY, ‑4.7% QoQ) and operating cash flow remained strong at 98% of net income.

Revenue

Gross revenue: ₹244.8 billion ($2,585.9m), +10.6% YoY and +1.0% QoQ. IT Services segment revenue: $2,614.5m (‑1.4% QoQ, +1.0% YoY). Non‑GAAP constant‑currency IT Services revenue: broadly flat (+0.9% YoY, ‑1.2% QoQ by one measure).

Bookings and Large Deals

Total bookings were $3,370m (‑2.4% QoQ in constant currency). Large deal bookings were $1,626m, up 12.9% QoQ in constant currency, with 13 large deals closed in Q1.

Profitability

IT Services operating margin was 16.0% (down 1.3 percentage points QoQ and 1.2 pp YoY). Net income was ₹33.6 billion ($354.6m), up 0.6% YoY but down 4.7% QoQ. EPS was ₹3.20, up 0.6% YoY and down 4.2% QoQ.

Cash Flow & Capital Return

Operating cash flow: ₹32.9 billion ($348m), up 3.6% QoQ and equal to 98.0% of net income. Free cash flow for the quarter was ₹29.6 billion (≈88.2% of net income). The Board declared an interim dividend of ₹2 per share.

Outlook (Q2 ending Sept 30, 2026)

Wipro Ltd expects IT Services revenue of $2,574m–$2,627m, implying sequential guidance of ‑1.5% to +0.5% in constant currency for the next quarter. The outlook is provided with specific FX rates (USD/INR 94.50, GBP/USD 1.34, EUR/USD 1.16, AUD/USD 0.71, CAD/USD 0.71).

Talent

Voluntary attrition on a trailing 12‑month basis was 13.9%.

Strategic Wins

Wipro highlighted multiple large strategic deals across industries in Q1 (chemicals, technology, healthcare, insurance, retail/supply chain, energy and public sector), emphasizing AI‑enabled transformation, automation and managed services as core themes driving engagements.