Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global technology services and consulting company, announced its financial results for the first quarter ended June 30, revealing a mixed performance amidst a challenging macroeconomic environment.

Financial Highlights

• Revenue: Wipro reported a revenue of ₹221.30 billion ($2,581.60 million) for Q1, marking a decrease of 1.6% quarter-on-quarter (QoQ) and an increase of 0.8% year-on-year (YoY).
• IT Services Segment Revenue: The IT services segment revenue stood at $2,587.40 million, down 0.3% QoQ and 1.5% YoY. In constant currency terms, it decreased by 2.3% YoY.
• Operating Margin: The IT services operating margin for Q1 was 17.3%, showing an expansion of 0.8% YoY despite a slight contraction of 0.2% QoQ.
• Net Income: Net income for the quarter reached ₹33.30 billion ($388.40 million), representing a decrease of 6.7% QoQ but a significant increase of 10.9% YoY.
• Earnings Per Share (EPS): EPS for the quarter stood at ₹3.20 ($0.04), down 6.7% QoQ but up 10.8% YoY.

Large Deal Momentum and Bookings

Wipro demonstrated strong momentum in large deals, with total bookings of $4,971.00 million, up by 24.1% QoQ and 50.7% YoY in constant currency. Notably, large deal bookings surged to $2,666.00 million, showing an impressive growth of 49.7% QoQ and 130.8% YoY in constant currency.

Sector Performance

The company's performance varied across different sectors:

• Banking, Financial Services, and Insurance (BFSI) remained the largest contributor at 33.6% of total revenue.
• Consumer sector accounted for 18.6% of revenue.
• Technology and Communications contributed 15.5%.
• Health sector represented 14.6% of revenue.
• Energy, Manufacturing, and Resources made up 17.7% of the total revenue.

Strategic Market Units

Wipro's revenue distribution across its Strategic Market Units (SMUs) for Q1 was as follows:

Outlook

For the quarter ending September 30, Wipro expects revenue from its IT Services business segment to be in the range of $2,560.00 million to $2,612.00 million. This translates to a sequential guidance of -1.0% to 1.0% in constant currency terms.

Management Commentary

Srini Pallia, CEO and Managing Director, 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. AI is no longer experimental - it's central to our clients' strategies, and we are delivering real impact at scale."

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. The board also declared an interim dividend of INR 5 per share."

Conclusion

While Wipro faced some headwinds in revenue growth, the company demonstrated resilience through improved profitability, strong deal momentum, and strategic focus on AI-driven solutions. As the company approaches its 80th year, it continues to adapt to market challenges while investing in future capabilities and talent development.

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.