Bengaluru: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global technology services and consulting company, today announced its financial results under IFRS for the quarter ended September 30, 2025 (Wipro Q2FY26).
The company reported strong large deal momentum and stable operational performance, supported by continued growth in Europe and APMEA regions.
Strong Performance in Wipro Q2FY26 with Robust Deal Bookings
For Wipro Q2FY26, gross revenue stood at ₹227.0 billion ($2,556.6 million), reflecting a 2.5% sequential growth and 1.8% year-on-year increase. The IT Services segment reported revenue of $2,604.3 million, up 0.7% QoQ, though marginally lower by 2.1% YoY.
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Large deal bookings surged 90.5% YoY to $2.9 billion, driving total deal bookings to $4.7 billion, up 30.9% YoY in constant currency. Adjusted operating margin stood at 17.2%, marking a 0.4% YoY expansion, while net income rose 1.2% YoY to ₹32.5 billion ($365.6 million).
Operating cash flow conversion remained strong at 103.8% of net income, with earnings per share reported at ₹3.1, reflecting 1.0% YoY growth.
Wipro Q2FY26 Outlook: Revenue Guidance and Market Strategy
For the quarter ending December 31, 2025, Wipro expects IT Services revenue to be in the range of $2,591 million to $2,644 million, implying a sequential growth guidance of (-0.5%) to (+1.5%) in constant currency.
The outlook excludes potential revenue from the recently announced acquisition of Harman Digital Transformation Solutions.
CEO Srini Pallia said, “Our revenue momentum is strengthening, with Europe and APMEA returning to growth and our operating margins holding steady. Bookings surpassed $9.5 billion in H1 FY26. Our strategy is clear—remain resilient, adapt to global shifts, and lead with AI through Wipro Intelligence™.”
CFO Aparna Iyer added, “Three of our four strategic market units grew sequentially in Q2. Large deal bookings in H1FY26 have already exceeded those for the full year FY25, while adjusted margins expanded by 0.4% YoY. Operating cash flow continues to remain strong at 104% of net income.”
Wipro Q2FY26: Key Deal Wins Across Industries
During Wipro Q2FY26, the company secured several high-value and strategic deals across industries:
- European Financial Institution: Multi-year infrastructure modernization deal involving cloud migration, data center consolidation, and operational simplification.
- European Utility Provider: Implementation of Utilities CPQ solution to enhance customer engagement and streamline retail workflows.
- U.S. Healthcare Company: AI-driven modernization of health insurance platforms and large-scale cloud transformation.
- Global Technology Leader (U.S.): Strategic public cloud networking and storage expansion using AI-powered tools.
- UK Financial Services Group: Deployment of modular Agentic AI framework for payments data analytics and compliance reporting.
- North American Retailer: Contract extension for AI-enabled delivery model to improve productivity and customer experience.
- Indian Financial Services Firm: Digital banking platform modernization through cloud infrastructure and engineering hub.
- European Telecom Provider: AI-led digital transformation engagement powered by GenAI and Conversational AI platforms.
