“Clients are moving beyond technology modernization to AI-enabled operating models that improve quality, resilience, and productivity”-Srini Pallia, CEO & MD,Wipro Limited.

Revenue increased 0.9% YoY in CC

Large deal bookings at $1.6 Bn, grew 12.9% QoQ, including 13 large deals in Q1

Net income grew 0.6% YoY; Operating cash flow at 98% of Net income

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 Rs 244.8 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.
3. Non-GAAP constant currency² IT Services segment revenue decreased 1.2% QoQ and increased 0.9% YoY.
4. Total bookings³ 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 Rs 33.6 billion ($354.6million¹), decrease of 4.7% QoQ and increase of 0.6% YoY.
7. Earnings per share for the quarter at Rs 3.20 ($0.03¹), decrease of 4.2% QoQ and increase of 0.6% YoY.
8. Operating cash flows of Rs 32.9 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 Rs 2 ($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 Rs 2 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.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = Rs 94.66, as published by the Federal Reserve Board of Governors on June 30, 2026. However, the realized exchange rate in our IT Services business segment for the quarter ended June 30, 2026, was US$1= Rs 93.53
2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.
3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.

Highlights of Strategic Deal Wins

In the first quarter, Wipro continued to win large and strategic deals across industries. Key highlights include:

1. A global chemicals company has selected Wipro for a multi-year deal to modernize its IT operations. As part of the engagement, Wipro will use its consulting-led approach to consolidate multiple vendors into a single, integrated operating model and manage infrastructure and application services end-to-end. Powered by Wipro Intelligence™, the solution will embed digital agents, AIOps and GenAI-enabled capabilities to increase automation, prevent issues, and improve resolution times. This will help the client deliver structural cost optimization, enhance service stability, increase transparency, and build a scalable, future-ready IT operating model.
2. One of the world’s largest global technology companies has renewed its multi-year engagement with Wipro to innovate in the arena of Geospatial Data Operations and mapping. Wipro will provide end-to-end support for the Geospatial Data Operations ecosystem, through a scalable, AI-powered global delivery model. Leveraging AI-enabled automation, analytics, and data-driven insights, through a robust governance framework, Wipro will drive operational resilience, improve quality, and accelerate product deployment for the client. Wipro will enable the client to maximize productivity and enhance decision making in an evolving business environment.
3. A leading global technology provider has expanded its decades-long engagement with Wipro to enhance the quality and reliability of its products that support millions of users worldwide. Wipro will deliver AI-infused quality engineering services, leveraging automation and intelligent testing capabilities, to accelerate development cycles. The engagement builds on Wipro’s deep domain expertise and longstanding role in supporting the client’s engineering ecosystem. This collaboration will help reduce time to market, improve operational efficiency, and strengthen the reliability of critical software releases.
4. A leading US-based health insurer has extended and expanded its long-standing engagement with Wipro to enhance digital workplace and end-user support services across its enterprise. Wipro will deploy a unified operating model designed to ensure business continuity and operational efficiency. Leveraging automation and AI-infused capabilities, Wipro will further enhance service delivery, improve responsiveness, and enhance employee technology experience. This renewal will help the client maintain reliable, scalable workplace operations while supporting future modernization initiatives and productivity improvements.
5. A leading US-based hospital network has selected Wipro to provide integrated application management and enterprise IT transformation. Wipro will deliver a comprehensive managed services model spanning operational support, governance, and security, enabling the client to improve operational efficiency, service reliability, and accelerate continuous innovation. Leveraging its AI-delivery platforms, WINGS and WEGA, Wipro will establish a strategic AI and Agentic AI roadmap aligned to the client’s business objectives, to drive intelligent automation, improved workforce productivity, and measurable business outcomes.
6. A global US-based specialty Chemicals company has expanded its relationship with Wipro to lead an AI-first transformation of its business and technology landscape. Under the new agreement, Wipro will provide end-to-end support for the client’s global Enterprise applications, as well as business processes. Wipro will deploy its proprietary WINGS AI platform to introduce a unified operating model, aimed at simplifying and optimizing operations. AI will be the cornerstone of the program, driving intelligent automation, and enabling smarter, data-driven decision-making across all workflows. This transformation will unlock significant efficiencies, reduce complexity, and accelerate value for the client – further reinforcing the long-standing engagement between the two companies.
7. A leading Australian health and community services provider has selected Wipro to modernize its technology landscape and improve reliability and performance of services that support frontline care and community operations. Through a consulting-led engagement, Wipro will take end-to-end ownership of the client’s IT services, bringing applications, cloud, networks, and workplace support into a more integrated and accountable delivery model. The engagement will also embed intelligent automation and proactive monitoring to improve issue resolution, strengthen service quality, and create a simpler, more seamless technology experience for employees. This transformation will help the client enhance operational resilience, improve user experience, optimize costs, and build a more scalable, future-ready model for continuous innovation.

8. A leading insurer in Australia and New Zealand has renewed and expanded its strategic partnership with Wipro through a multi-year outcome-based engagement to transform and manage its core insurance application landscape. Through a consulting-led and AI-powered delivery model, Wipro will drive AI-led intelligent automation, operational efficiency, and continuous cost optimization across policy, claims, and customer communications platforms. The engagement also establishes a co-innovation framework and AI capability program designed to enhance business agility, strengthen resilience, and accelerate long-term digital transformation.

9. One of the world’s largest designer and supplier of apparel selected Wipro as the primary partner for supply chain and planning tech to support end-to-end Warehouse Management System (WMS) operations as part of a broader enterprise transformation program. Wipro will now power its global distribution center (DC) operations across both B2B and B2C channels. Leveraging its deep consulting expertise in Supply Chain Domain and Execution, Wipro will help the client streamline warehouse management and distribution operations. This engagement will enable a more efficient and scalable operating environment for the client driving improved efficiency, reduced complexity, and cost optimization across the client’s supply chain.

10. A leading global energy company has engaged Capco, a Wipro company, to strengthen its engineering, planning, and business management capabilities across critical offshore operations. Capco will provide specialized expertise to support core engineering and operational functions, working closely with stakeholders to streamline execution and enhance management effectiveness. This engagement will improve operational efficiency, strengthen performance visibility and governance, and enable more informed decision-making across one of the client’s most strategic operating environments.

11. A leading US housing finance institution has engaged Capco, a Wipro company, to support a large-scale data modernization program to simplify access to trusted business data, while reducing reliance on legacy platforms. Leveraging its decades-long relationship with the client, Capco will help address the complexity of managing a multi-year transition across systems, stakeholders, and regulatory requirements while ensuring continuity of critical reporting and operations. Capco will lead program execution, coordinate stakeholders, and support data operations, transition planning, and business adoption to enable a more streamlined and modern data environment. This engagement will help improve data accessibility, reduce operational complexity and risk, and create a scalable foundation for more efficient and informed decision-making.
12. A leading global technology enterprise has selected Wipro for a strategic AI-first modern delivery model to accelerate digital modernization. This enterprise-wide program will transform the software development lifecycle across core enterprise packaged platforms. Leveraging WEGA — part of Wipro Intelligence™ — this initiative will embed generative and agentic AI into the software development lifecycle to streamline processes, enhance developer productivity, and accelerate digital transformation across commerce, supply chain, payments, and enterprise integration functions. This AI-native model will enable predictable transformation while boosting productivity, enhancing quality, and shortening time to market.

Analyst Recognition-

1. Wipro was ranked as a Leader in ISG Provider Lens® – Semiconductor Industry Services and Solutions 2026 – US, Europe (all quadrants)
2. Wipro was recognized as a Leader in Avasant’s Airlines and Airports Digital Services 2026 RadarView™
3. Wipro was featured as a Leader in Avasant’s Banking Digital Services 2026 RadarView™
4. Wipro was positioned as a Leader in Avasant’s High-Tech Digital Services 2026 RadarView™
5. Wipro was recognized as a Leader in Everest Group’s Healthcare Payer Digital Services PEAK Matrix® Assessment 2026
6. Wipro was positioned as a Leader in Everest Group’s Google Cloud Services PEAK Matrix® Assessment 2026
7. Wipro was ranked as a Leader in Everest Group’s Oracle Cloud Applications Services PEAK Matrix® Assessment 2026
8. Wipro was recognized as a Horizon 3 – Market Leader in the HFS Horizons: SAP S/4HANA Transformation Services, 2026 report
9. Wipro was featured as a Leader in ISG Provider Lens® – Global Capability Center (GCC) Services 2026 – Optimization and Enhancement – Global
10. Wipro was recognized as a Leader in ISG Provider Lens® – Digital Engineering Services – US, Europe (all quadrants)
11. Wipro was ranked as a Leader in ISG Provider Lens® – Life Sciences Digital Services 2026 – Global (all quadrants)
12. Wipro was ranked as a Leader in Avasant’s Supply Chain Operations Business Process Transformation 2026 RadarView™

IT Products-

1. IT Products segment revenue for the quarter was Rs 1.0 billion ($10.9 million¹)
2. IT Products segment results for the quarter were Rs 0.02 billion ($0.2 million¹)