Wipro Q2'27 Revenue Flat Sequentially, Margin Expands

Wipro Limited announced its financial results for the quarter ended September 30, 2026. IT services segment revenue was flat sequentially and increased 0.6% year-over-year in constant currency. The operating margin for the IT services segment stood at 16.5%, expanding by 0.5% quarter-over-quarter. Gross revenue increased by 1.1% QoQ and 9.1% YoY to ₹247.5 billion. Net income decreased by 4.7% QoQ and 1.9% YoY to ₹32.0 billion. Earnings per share (EPS) increased by 0.9% QoQ and 4.2% YoY to ₹3.23. Operating cash flows were robust at ₹53.0 billion, representing 165.8% of net income. Total bookings were down 22.9% QoQ, with large deal bookings decreasing by 58.6% QoQ. The company expects IT Services revenue for the quarter ending December 31, 2026, to be in the range of $2,571 million to $2,625 million.