Wipro Q2 net profit falls 1.9 pc to Rs 3,200 crore; revenue rises 9.1 pc
The company’s net profit stood at Rs 3,262 crore in the corresponding quarter of the previous financial year. Earnings per share increased 4.2 per cent year-on-year to Rs 3.23.
Wipro’s gross revenue for the second quarter of FY27 rose 1.1 per cent sequentially and 9.1 per cent year-on-year. Revenue from its IT services segment stood at USD 2,611.5 million, down 0.1 per cent quarter-on-quarter but up 0.3 per cent year-on-year.
In constant currency terms, IT services revenue was flat sequentially and increased 0.6 per cent year-on-year.
The company’s IT services operating margin improved by 0.5 percentage points sequentially to 16.5 per cent, though it was down 0.2 percentage points compared with the year-ago quarter.
Total bookings during the quarter stood at USD 2.595 billion, down 22.9 per cent quarter-on-quarter in constant currency terms, the IT major said in a release.
Large deal bookings declined 58.6 per cent sequentially to USD 674 million.
Operating cash flow rose 61.3 per cent quarter-on-quarter to Rs 5,304 crore, equivalent to 165.8 per cent of net income.
Voluntary attrition on a trailing 12-month basis stood at 13.8 per cent.
Wipro expects revenue from its IT services business to be between USD 2.571 billion and USD 2.625 billion in the quarter ending December 31, 2026.
The guidance translates into a sequential change ranging from a decline of 1.5 per cent to growth of 0.5 per cent in constant currency terms.
Commenting on the performance, Wipro Chief Executive Officer and Managing Director Srini Pallia said the company’s strategic investments were helping it win new clients, enter new markets and expand existing relationships.
Its consulting-led, AI-powered strategy was also creating larger transformation opportunities, with artificial intelligence expected to drive long-term growth, he said.
Chief Financial Officer Aparna Iyer said the operating margin improved despite continued investments in the business and workforce, while operating cash flow remained strong.
During the quarter, Wipro secured engagements across banking, healthcare, biotechnology, telecommunications, public services, beverages, industrial products, life sciences and energy.
The projects include AI-powered platforms, enterprise transformation, cloud services and process automation.
The company also reported several analyst recognitions across areas including AI-driven professional services, cybersecurity, healthcare, telecommunications and application management services.
