Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, has announced its financial results for the first quarter ended June 30.

Financial Highlights

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹5 ($0.06) per equity share/ADS.

Additional Financial Insights

• Q1 EBIT was ₹35.53 billion, down from ₹39.3 billion in the previous quarter, falling short of the estimated ₹37.87 billion.
• EBIT margin decreased to 16.05% from 17.47% in the previous quarter, below the estimated 17.1%.
• Consolidated net profit for Q1 was ₹33.3 billion, down from ₹35.7 billion in the previous quarter.
• Q1 revenue stood at ₹221 billion, meeting estimates but down from ₹225 billion in the previous quarter.

Business Highlights

• Total Bookings: $4,971.00 million, up by 24.10% QoQ and 50.70% YoY in constant currency.
• Large Deal Bookings: $2,666.00 million, showing a significant increase of 49.70% QoQ and 130.80% YoY in constant currency.
• Strategic Market Units Performance:
  • Americas 1: 33.10% of revenue
  • Americas 2: 30.40% of revenue
  • Europe: 25.70% of revenue
  • APMEA: 10.80% of revenue

AI-Driven Transformation

Wipro is intensifying its focus on becoming a consulting-led, AI-powered organization. The company has built over 200 AI agents in partnership with hyperscalers, helping clients reimagine business models and unlock greater efficiency. Internally, Wipro is leveraging Agentic AI across various operations, including HR, finance, and legal functions.

Talent and Workforce Initiatives

• 37% of Wipro's workforce is now composed of women and GenZ employees.
• Almost all employees have completed foundational Generative AI training, with over 87,000 undergoing advanced, role-specific upskilling.
• The company has established 63 Centres of Excellence in partnership with leading academic institutions through its Talent@Scale program.

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, translating to sequential guidance of -1.00% to 1.00% in constant currency terms.

Management Comments

Srinivas 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."

About Wipro Limited

Wipro Limited is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. With over 230,000 employees and business partners across 65 countries, Wipro helps clients realize their boldest ambitions and build future-ready, sustainable businesses.

Wipro Ltd , one of India's leading IT services companies, is set to announce its Q1 FY26 financial results on July 17. Despite securing major contracts in Europe during the April-June quarter, the company is expected to report a slight decrease in both revenue and operating margin.

New Contracts Fail to Offset Anticipated Decline

The Bengaluru-based IT giant has managed to clinch significant deals in the European market during the first quarter of the fiscal year 2026. However, these new contracts appear insufficient to counterbalance the projected dip in overall revenue and operating margin.

Upcoming Results Announcement

Investors and market analysts are keenly awaiting Wipro's financial results, scheduled to be released on July 17. The announcement will provide crucial insights into the company's performance amidst challenging global economic conditions and evolving IT industry dynamics.

Industry Implications

The anticipated decline in Wipro's Q1 performance, despite new contract wins, may signal broader challenges facing the Indian IT sector. It underscores the importance of continual innovation and diversification in service offerings to maintain growth momentum in a competitive global market.

As the date of the results announcement approaches, stakeholders will be closely monitoring Wipro's performance to gauge both company-specific trends and wider industry implications. The detailed financial figures and management commentary will be critical in understanding the factors behind the expected decline and Wipro's strategies to navigate the current business environment.