Wipro Q1 net profit rises marginally, large deal bookings touch $1.6 billion
Bengaluru/Mumbai, July 16 (TNT): IT services major Wipro Ltd on Thursday reported a 0.6 per cent year-on-year increase in consolidated net profit at ₹3,356 crore for the first quarter ended June 30, 2026, while large deal bookings rose to $1.63 billion.
The company’s gross revenue increased 10.6 per cent year-on-year to ₹24,478.6 crore, while revenue from its IT services business rose 1 per cent year-on-year to $2.61 billion.
In constant currency terms, IT services revenue grew 0.9 per cent over the corresponding quarter last year, the IT company said in a release .
Large deal bookings stood at $1.626 billion, up 12.9 per cent sequentially, with the company securing 13 large deals during the quarter. Total bookings were $3.37 billion.
IT services operating margin for the quarter was 16 per cent, while operating cash flow stood at ₹3,288 crore, accounting for 98 per cent of net income. The company declared an interim dividend of ₹2 per equity share.
Chief Executive Officer and Managing Director Srini Pallia said clients were increasingly moving beyond technology modernisation to AI-enabled operating models that improve productivity, resilience and business outcomes.
He said Wipro’s consulting-led and AI-powered approach was helping clients embed artificial intelligence into their core business operations, resulting in stronger strategic engagements.
Chief Financial Officer Aparna Iyer said the company continued to invest in people and strategic growth areas despite near-term margin pressures. She said Wipro remained focused on building long-term capabilities while maintaining strong cash generation.
According to Iyer, the company has returned more than $3 billion to shareholders over the past year through dividends and other payouts while continuing to invest for future growth.
For the quarter ending September 30, 2026, Wipro has guided for IT services revenue in the range of $2.574 billion to $2.627 billion, indicating a sequential growth outlook of (-)1.5 per cent to (+)0.5 per cent in constant currency terms.
The company’s voluntary attrition rate stood at 13.9 per cent on a trailing 12-month basis.
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