Wipro Announces Quarterly Results for Period Ended June 30, 2026
Wipro Limited has announced its financial results for the quarter ended June 30, 2026, under International Financial Reporting Standards (IFRS). The company reported a steady performance with growth in several key metrics compared to the same period last year.Financial Highlights
For the quarter ended June 30, 2026, Wipro reported gross revenue of ₹ 244.8 billion ($2,585.9 million), representing a 10.6% year-on-year increase and a 1.0% increase on a quarter-on-quarter basis. The IT services segment specifically saw revenues of $2,614.5 million, an increase of 1.0% year-on-year.Net income for the period stood at ₹ 33.6 billion ($354.6 million), which is a 0.6% increase compared to the previous year, despite a 4.7% decrease from the preceding quarter. The company reported an earnings per share (EPS) of ₹ 3.20 ($0.03).
Key financial metrics for the quarter include:
| Metric | Value | Comparison/Detail |
|---|---|---|
| Gross Revenue | ₹ 244.8 billion | 10.6% YoY Increase |
| Net Income | ₹ 33.6 billion | 0.6% YoY Increase |
| Earnings Per Share | ₹ 3.20 | 0.6% YoY Increase |
| Operating Cash Flow | ₹ 32.9 billion | 98.0% of Net Income |
| IT Services Operating Margin | 16.0% | 1.2% YoY Decrease |
| Voluntary Attrition (TTM) | 13.9% | On a trailing 12-month basis |
Bookings and Growth
Wipro reported total bookings of $3,370 million, which reflects a 2.4% decrease on a quarter-on-quarter basis in constant currency terms. However, large deal bookings (deals greater than or equal to $30 million) saw significant growth, totaling $1,626 million, an increase of 12.9% compared to the previous quarter in constant currency terms.In terms of segment revenue, the APMEA region showed significant growth of 14.3% year-on-year, while the Europe segment grew by 6.0%.
Strategic Deal Wins and Operations
The company highlighted several major strategic wins during the first quarter:- A global chemicals company selected Wipro to modernize IT operations using a consulting-led approach to consolidate vendors into an integrated model.
- One of the world's largest technology companies renewed its engagement for Geospatial Data Operations and mapping.
- A leading global technology provider expanded its partnership to include AI-infused quality engineering services.
- A major US-based health insurer extended its engagement to enhance digital workplace and end-user support services.
Wipro also reported a total headcount of 243,044 employees, with a net utilization rate (excluding trainees) of 83.6%.
Dividend and Outlook
The Board of Directors has declared an interim dividend of ₹ 2 ($0.02) per equity share/ADS.For the quarter ending September 30, 2026, Wipro expects revenue from its IT Services business segment to fall within the range of $2,574 million to $2,627 million. This represents a sequential guidance of (-)1.5% to (+)0.5% in constant currency terms.
WIPRO Stock Price Movement
Wipro Limited shares rallied 1.75% to settle at ₹177.74 today during post-market trading. The stock saw active interest with a turnover of 11.17 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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