BSECompany Update2h ago · 15 Oct 2026, 03:53 pm

Press Release

Wipro Ltd · 507685

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Wipro Ltd announces Q2 FY27 results with flat IT services segment revenue, 0.5% QoQ operating margin expansion, and 4.2% YoY EPS increase. The company guides for (-)1.5% to (+)0.5% sequential revenue growth in constant currency terms for Q3 FY27.

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Earnings Impact6/10
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Governance Concern1/10
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Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10

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Wipro Ltd - 507685 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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October 15, 2026 The Manager - Listing National Stock Exchange of India Limited (NSE: WIPRO) The Manager - Listing BSE Limited (BSE: 507685) The Market Operations NYSE, New York (NYSE: WIT) Dear Sir/Madam, Sub: Press Release Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the press release for the quarter and half year ended September 30, 2026. The above document is also being made available on the Company's website at www.wipro.com. Thanking You, For Wipro Limited M Sanaulla Khan Company Secretary ENCL: As above FOR IMMEDIATE RELEASE Wipro announces results for the Quarter ended September 30, 2026 IT services segment revenue flat sequentially and increased 0.6% YoY CC Operating Margin at 16.5% expanded 0.5% QoQ EPS increased 4.2% YoY; Operating cash flow at 165.8% of Net income EAST BRUNSWICK, N.J. | BENGALURU, India – October 15, 2026: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2026. Highlights of the Results Results for the Quarter ended September 30, 2026: 1. Gross revenue at ₹247.5 billion ($2,583.0 million1), an increase of 1.1% QoQ and 9.1% YoY. 2. IT services segment revenue was at $2611.5 million, decrease of 0.1% QoQ and increase of 0.3% YoY. 3. Non-GAAP constant currency2 IT Services segment revenue was flat sequentially and increase of 0.6% YoY. 4. Total Bookings3 was at $2,595 million, down by 22.9% QoQ in constant currency2. Large deal bookings4 was at $674 million, decrease of 58.6% QoQ in constant currency2. 5. IT services operating margin5 for Q2’27 was at 16.5%, up by 0.5% QoQ and down by 0.2% YoY. 6. Net income for the quarter was at ₹32.0 billion ($333.9 million1), decrease of 4.7% QoQ and 1.9% YoY. 7. Earnings per share for the quarter at ₹3.23 ($0.031), increase of 0.9% QoQ and increase of 4.2% YoY. 8. Operating cash flows of ₹53.0 billion ($553.6 million1), increase of 61.3% QoQ and at 165.8% of net income for the quarter. 9. Voluntary attrition was at 13.8% on a trailing 12-month basis. Outlook for the Quarter ending December 31, 2026 We expect revenue from our IT Services business segment to be in the range of $2,571 million to $2,625 million*. This translates to sequential guidance of (-)1.5% to (+)0.5% in constant currency terms. *Outlook for the Quarter ending December 31, 2026, is based on the following exchange rates: GBP/USD at 1.35, Euro/USD at 1.15 , AUD/USD at 0.71, USD/INR at 95.76 and CAD/USD at 0.72 Public Performance for the Quarter ended September 30, 2026 Srini Pallia, CEO and Managing Director, said, “The strategic investments we have been making are beginning to deliver results. They are enhancing our ability to win in new markets, add new clients, and grow existing relationships. At the same time, our consulting-led, AI- powered strategy is helping us create larger transformation opportunities. We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation. We are already seeing its potential reflected in the momentum across our AI- Native Unit and AI offerings portfolio”. Aparna Iyer, Chief Financial Officer, said, “Our operating margin for the quarter was 16.5%, an expansion of 0.5% sequentially. We have delivered this improvement even while continuing to invest in our business and people. We remain relentless in driving cash flow conversion. Q2 is yet another quarter where our operating cash flow has been robust and stood at 166% of net income.” 1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = ₹95.83, as published by the Federal Reserve Board of Governors on September 30, 2026. However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2026, was US$1= ₹94.45 2. Constant currency (CC) for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period. 3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2. 4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value. 5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financial. Highlights of Strategic Deal Wins In Q2’27, Wipro continued to win large and strategic deals across industries. Key highlights include: 1. One of the largest US-based banking institutions has selected Wipro to modernize its mortgage operations through Wipro's lending platform NetOxygen. Powered by Wipro Intelligence™, the platform will be implemented to simplify lending processes, automate key tasks, and provide actionable insights to support faster and more informed decision-making. Deployment of this platform is expected to improve borrower experience, accelerate loan closing times, and create a more efficient, scalable, and compliant lending ecosystem. 2. A global technology company has renewed and expanded its relationship with Wipro to modernize its Enterprise Products organization and enhance employee experience through more resilient and scalable applications. As part of this multi-year engagement, Wipro will strengthen the client’s application landscape, support the development of AI-enabled enterprise solutions, and consolidate responsibilities into a unified delivery model. Wipro will leverage intelligent automation and AI-powered engineering capabilities to improve productivity, accelerate testing and delivery, and create a more integrated, cost-efficient operating model that enhances application reliability and user experience. 3. Seeking to improve operational efficiency and overall stakeholder experience, a leading US-based health insurance provider has appointed Wipro as a strategic Public partner to transform its provider services organization. Wipro will combine end-to-end provider support services with analytics, workforce planning, quality management, and operational excellence methodologies to identify root causes, optimize workflows, and improve business outcomes. This engagement will help accelerate issue resolution, enhance customer experience, and create a more scalable and cost-efficient operating model. 4. Wipro was selected by a global biotechnology company to transform and scale its post- market quality assurance operations to address changing regulatory requirements and the need for greater operational efficiency. Wipro will deliver end-to-end complaint management, reporting, and multilingual support services. Wipro will also introduce an AI-enabled operating model to ensure intelligent document processing, workflow orchestration, and automated compliance support. This transformation will improve processing speed, quality, and audit readiness, while reducing costs and creating a more resilient organization. 5. A leading Asia-based Fortune 500 conglomerate selected Wipro to establish an AI Global Capability Center (GCC) as part of its enterprise AI transformation agenda. The engagement combines AI engineering talent, governance, innovation programs, and capability building to accelerate the development of AI-powered products and platforms while creating a scalable operating model for long-term growt [Showing first 8,000 characters — download PDF for full document]