Wipro Announces Q2'26 Results: Large Deal Bookings at $2.9Bn, Revenue Grew 0.3% QoQ

Wipro Limited, a leading technology services and consulting company, announced its financial results for the quarter ended September 30, 2025. The company reported gross revenue of $2,556.6 million, up 2.5% QoQ and 1.8% YoY. IT services segment revenue was at $2,604.3 million, up 0.7% QoQ and down 2.1% YoY. Total bookings were at $4,688 million, down 6.1% QoQ but up 30.9% YoY in constant currency. Large deal bookings were at $2,853 million, an increase of 6.7% QoQ and 90.5% YoY in constant currency. IT services operating margin for Q2'26 was 16.7%, impacted by a provision of $13.1 million made with respect to bankruptcy of a customer. Adjusted for this event, IT Services Margin for the quarter was 17.2%, contraction of 0.1% QoQ and expansion of 0.4% YoY. Net income for the quarter was at $365.6 million, down 2.5% QoQ but up 1.2% YoY. Earnings per share for the quarter were at $0.03, down 2.5% QoQ but up 1.0% YoY. Operating cash flows were at $381.5 million, down 17.6% QoQ and 20.7% YoY and at 103.8% of Net Income for the quarter. Voluntary attrition was at 14.9% on a trailing 12-month basis.