Wipro Projects Q2 FY26 Revenue of $2.56-2.61 Billion, Reports Strong Q1 Order Bookings

1 min read     Updated on 17 Jul 2025, 04:31 PM
scanxBy ScanX News Team
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Overview

Wipro expects IT Services revenue of $2.56-2.61 billion for Q2 FY26, projecting -1.0% to 1.0% sequential growth in constant currency. Q1 FY26 order bookings reached $4.97 billion TCV, showing significant increase. CEO Srinivas Pallia highlighted 16 large deals, including two mega deals, amid macroeconomic uncertainty. The company focuses on AI-powered solutions and consulting-led engagements for growth.

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*this image is generated using AI for illustrative purposes only.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, has provided its revenue guidance for the second quarter of fiscal year 2026 and reported robust order bookings for the first quarter.

Q2 FY26 Revenue Guidance

Wipro expects revenue from its IT Services segment to be in the range of $2.56 billion to $2.61 billion for the quarter ending September 30, 2025. This projection translates to a sequential growth of -1.0% to 1.0% in constant currency terms.

Strong Q1 Order Bookings

For the first quarter of fiscal year 2026, Wipro reported total contract value (TCV) of order bookings at $4.97 billion. This figure represents a significant increase compared to previous quarters, indicating strong business momentum and client confidence in Wipro's services.

Company's Outlook

The company's guidance and order booking performance come at a time when the technology services sector is experiencing rapid changes, particularly with the advancement of Artificial Intelligence (AI) technologies. Wipro has been focusing on AI-powered solutions and consulting-led engagements to drive growth and deliver value to its clients.

Srinivas Pallia, CEO and Managing Director of Wipro, commented on the company's performance, stating:

"In a quarter shaped by macroeconomic uncertainty, clients prioritized efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half."

Financial Performance

While specific financial details for the most recent quarter were not provided, the company's focus on operational excellence and strategic initiatives appears to be yielding positive results. Wipro continues to invest in its future, strengthening its innovation network and advancing its AI and consulting capabilities.

Looking Ahead

As Wipro approaches its 80th year in business, the company is emphasizing its commitment to driving consistent, profitable growth. The focus remains on scaling its consulting-led, AI-powered transformation engine while continuing to invest in talent, leadership, and culture.

Investors and industry observers will be closely watching Wipro's performance in the coming quarters, particularly in light of the ongoing global economic uncertainties and the rapid evolution of AI technologies in the IT services sector.

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
+2.44%+3.35%+2.05%-11.09%-6.86%+97.16%

Wipro Declares ₹5 Interim Dividend for Q1 FY2026, Reports Steady Financial Performance

2 min read     Updated on 17 Jul 2025, 04:08 PM
scanxBy ScanX News Team
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Overview

Wipro declared an interim dividend of ₹5 per equity share for Q1 FY2026. The company reported revenue of ₹221.30 billion, up 0.80% YoY. Net income increased by 10.90% YoY to ₹33.30 billion. Total bookings grew by 50.70% YoY, with large deal bookings up 130.80%. IT Services Operating Margin improved by 0.80% YoY. For Q2, Wipro projects IT Services revenue between $2,560 million to $2,612 million.

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*this image is generated using AI for illustrative purposes only.

Wipro Limited , a leading global information technology, consulting, and business process services company, has announced an interim dividend of ₹5 per equity share for the first quarter of fiscal year 2026. The company's Board of Directors declared the dividend in their meeting held on July 17, 2025.

Dividend Details

The interim dividend of ₹5 per equity share represents a 250% payout on shares with a par value of ₹2 each. Wipro has set July 28, 2025, as the record date for determining shareholder eligibility. The dividend payment is scheduled to be made on or before August 15, 2025.

Financial Performance Highlights

Alongside the dividend announcement, Wipro also released its financial results for the quarter ended June 30, 2025:

Metric Value YoY Change QoQ Change
Revenue ₹221.30 billion ($2,581.60 million) +0.80% -1.60%
IT Services Revenue $2,587.40 million -1.50% -0.30%
IT Services Operating Margin 17.30% +0.80% -0.20%
Net Income ₹33.30 billion ($388.40 million) +10.90% -6.70%
Earnings Per Share (EPS) ₹3.20 ($0.04) +10.80% -6.70%

Business Highlights

Wipro demonstrated strong performance in its deal bookings:

  • Total bookings for the quarter amounted to $4,971 million, up by 50.70% YoY in constant currency terms.
  • Large deal bookings reached $2,666 million, showcasing an impressive 130.80% YoY growth in constant currency.

Management Commentary

Srini Pallia, CEO and Managing Director of Wipro, commented on the results: "In a quarter shaped by macroeconomic uncertainty, clients prioritized efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half."

Aparna Iyer, Chief Financial Officer, added: "We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income."

Outlook

For the quarter ending September 30, 2025, Wipro expects revenue from its IT Services business segment to be in the range of $2,560 million to $2,612 million. This translates to a sequential guidance of -1.00% to 1.00% in constant currency terms.

As Wipro continues to navigate the evolving market landscape, the company remains focused on leveraging its strengths in AI, cloud, and digital services to drive growth and deliver value to its clients and shareholders.

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
+2.44%+3.35%+2.05%-11.09%-6.86%+97.16%
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