Wipro Q2 Revenue Rises 9.1%, Beats Estimates

Wipro announced Q2 FY27 results on October 15, 2026, with revenue from operations rising 9.1% year-on-year to ₹24,752.7 crore from ₹22,697.3 crore. Net profit was reported as ₹3,200.6 crore, down 1.40% year-on-year, and as ₹3,199.7 crore, down 1.9% year-on-year and 4.7% quarter-on-quarter; sequentially profit fell 4.5% as revenue grew 1%. IT services revenue was $2,611.5 million, nearly flat sequentially. Operating margin in that segment was 16.5%, up 0.5% quarter-on-quarter. Large deal bookings dropped 58.6% quarter-on-quarter in constant currency to $674 million, and total bookings of $2,595 million were down 22.9%. CEO Srini Pallia said strategic investments are beginning to deliver results and that the consulting-led, AI-powered strategy is creating larger transformation opportunities. "We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation," he said. Operating cash flows rose 61.3% quarter-on-quarter to ₹5,300 crore. EPS rose to ₹3.23. Wipro forecast Q3 FY27 IT services revenue of $2,571 million to $2,625 million, or -1.5% to +0.5% sequential in constant currency.