Wipro Announces Results for the Quarter Ended September 30, 2026
Wipro reported Q2 FY27 gross revenue of Rs 247.5 billion ($2,583.0 million), up 9.1% YoY, with IT Services segment revenue of $2,611.5 million up just 0.3% YoY (0.6% in constant currency). Margins were the bright spot: IT Services operating margin hit 16.5%, up 0.5% QoQ, and operating cash flow came in at $553.6 million -- 165.8% of net income. EPS rose 4.2% YoY to Rs 3.23 while net income slipped 1.9% YoY to $333.9 million. The demand picture weakened sharply: total bookings fell 22.9% QoQ in constant currency to $2,595 million and large deal bookings collapsed 58.6% QoQ to $674 million.
Key figures
- Eps
- Rs 3.23 ($0.03)
- Revenue
- $2,583.0 million
- Guidance
- Q3 FY27 IT Services revenue $2,571 million to $2,625 million, i.e. (-)1.5% to (+)0.5% sequential CC growth
- Revenue Yoy
- 9.1%
- Net income
- 333900000
- Net income yoy
- -1.9%
- Total bookings
- 2595000000
- Bookings qoq cc
- -22.9%
- It services revenue
- 2611500000
- Large deal bookings
- 674000000
- Operating cash flow
- 553600000
- Ocf pct of net income
- 165.8%
- Voluntary attrition ttm
- 13.8%
- It services revenue yoy cc
- 0.6%
- Large deal bookings qoq cc
- -58.6%
- It services operating margin
- 16.5%
AI analysis
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