Wipro’s Revenue increased 0.9% YoY in CC
FinTech BizNews Service
Mumbai, July 17, 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 June 30, 2026.
Highlights of the Results Results for the Quarter ended June 30, 2026:
1. Gross revenue at Rs244.8 billion ($2,585.9 million1 ), an increase of 1.0% QoQ and 10.6% YoY.
2. IT services segment revenue was at $2,614.5 million, decrease of -1.4% QoQ and increase of 1.0% YoY.
Aparna Iyer, Chief Financial Officer
3. Non-GAAP constant currency2 IT Services segment revenue decreased 1.2% QoQ and increased 0.9% YoY.
4. Total bookings was at $3,370 million, down by 2.4% QoQ in constant currency2 . Large deal bookings4 was at $1,626 million, increase of 12.9% QoQ in constant currency2 .
5. IT services operating margin5 for Q1’27 was at 16.0%, decrease of 1.3% QoQ and 1.2% YoY.
6. Net income for the quarter was at Rs33.6 billion ($354.6million1 ), decrease of 4.7% QoQ and increase of 0.6% YoY.
7. Earnings per share for the quarter at Rs3.20 ($0.031 ), decrease of 4.2% QoQ and increase of 0.6% YoY.
8. Operating cash flows of Rs32.9 billion ($348 million1 ), increase of 3.6% QoQ and at 98.0% of net income for the quarter.
9. Voluntary attrition was at 13.9% on a trailing 12-month basis. 10. Declared interim dividend of Rs2 ($0.021 ) per equity share/ADS. Outlook for the Quarter ending September 30, 2026 We expect revenue from our IT Services business segment to be in the range of $2,574 million to $2,627 million*. This translates to sequential guidance of (-)1.5% to (+)0.5% in constant currency terms.
(Outlook for the Quarter ending September 30, 2026, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.16, AUD/USD at 0.71, USD/INR at 94.50 and CAD/USD at 0.71)
Performance for the Quarter ended June 30, 2026
Srini Pallia, CEO and Managing Director, said, “Clients are moving beyond technology modernization to AI-enabled operating models that improve quality, resilience, and productivity. Wipro’s consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner.”
Aparna Iyer, Chief Financial Officer, said, “As we navigate an evolving technology landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, it sets a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter. We are also pleased to share that the Board has declared an interim dividend of Rs2 per share. Including this dividend and payouts made over the past year, we would have returned more than $3 Bn in cash to our shareholders while continuing to invest steadily for growth.”
