Bengaluru: Wipro Q1 FY27 results reflected steady growth in revenue, robust large deal bookings and resilient cash flow despite a sequential decline in IT services revenue.
Wipro Limited on Thursday announced its financial results for the quarter ended June 30, 2026, reporting a 0.9% year-on-year (YoY) increase in constant currency IT Services revenue, while large deal bookings stood at $1.626 billion, registering a 12.9% quarter-on-quarter (QoQ) increase in constant currency.
- The AI-powered technology services and consulting company reported gross revenue of ₹244.8 billion ($2.586 billion), up 1.0% QoQ and 10.6% YoY.
- IT Services segment revenue stood at $2.614 billion, down 1.4% sequentially but up 1.0% YoY. On a non-GAAP constant currency basis, IT Services revenue declined 1.2% QoQ while increasing 0.9% YoY.
For Wipro Q1 FY27, total bookings reached $3.37 billion, while large deal bookings increased to $1.626 billion, supported by 13 large deals signed during the quarter.
- IT Services operating margin stood at 16.0%, down 1.3 percentage points sequentially and 1.2 percentage points year-on-year.
- Net income for the quarter was ₹33.6 billion ($354.6 million), representing a 0.6% YoY increase despite a 4.7% QoQ decline. Earnings per share (EPS) stood at ₹3.20, increasing 0.6% YoY and declining 4.2% sequentially.
- Operating cash flow was ₹32.9 billion ($348 million), equivalent to 98% of net income for the quarter. Voluntary attrition on a trailing 12-month basis stood at 13.9%.
The Board of Directors declared an interim dividend of ₹2 per equity share/ADS.
Wipro Q1 FY27: CEO Highlights AI-Led Transformation
Commenting on Wipro Q1 FY27, 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.”
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CFO on Growth Investments and Cash Returns
Discussing Wipro Q1 FY27, 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 ₹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.”
Wipro Q1 FY27: Major Strategic Deal Wins
During Wipro Q1 FY27, the company secured several strategic engagements across industries including chemicals, technology, healthcare, insurance, energy, retail and financial services.
Among the notable wins:
- A global chemicals company selected Wipro to modernize its IT operations using Wipro Intelligence™, digital agents, AIOps and GenAI-enabled capabilities.
- One of the world’s largest technology companies renewed its multi-year engagement with Wipro for AI-powered geospatial data operations and mapping services.
- A leading global technology provider expanded its partnership with Wipro for AI-infused quality engineering services.
- A major US-based health insurer extended its engagement for digital workplace and end-user support services powered by AI and automation.
- A leading US hospital network selected Wipro for integrated application management and enterprise IT transformation using WINGS and WEGA platforms.
- A US-based specialty chemicals company expanded its partnership with Wipro for an AI-first business and technology transformation leveraging the WINGS AI platform.
- A leading Australian health and community services provider selected Wipro to modernize its technology landscape through a consulting-led engagement.
- A leading insurer in Australia and New Zealand renewed its strategic partnership with Wipro to transform its insurance application landscape through AI-powered automation.
- One of the world’s largest apparel companies selected Wipro as its primary partner for warehouse management and supply chain technology operations.
- Capco, a Wipro company, secured engagements from a global energy company and a leading US housing finance institution to support engineering operations and large-scale data modernization respectively.
- A leading global technology enterprise selected Wipro for an AI-first software development transformation program powered by WEGA and Wipro Intelligence™.
- Industry Recognition
During Wipro Q1 FY27, the company continued to receive recognition from global analyst firms.
Wipro was named a Leader across multiple reports from ISG, Everest Group, Avasant and HFS Horizons covering semiconductor services, digital engineering, healthcare payer services, Google Cloud, Oracle Cloud, banking, airlines, life sciences, SAP S/4HANA transformation and Global Capability Center (GCC) services.
Outlook for Q2 FY27
For the quarter ending September 30, 2026, Wipro expects revenue from its IT Services business segment to be between $2.574 billion and $2.627 billion. This translates into sequential guidance of (-1.5%) to (+0.5%) in constant currency terms.
The outlook is based on exchange rates of 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.
