365telugu.com online news,India,October 17th, 2025: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global leader in technology services and consulting, released its financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2025.
Financial Highlights for Q2 FY26
- Gross Revenue: ₹227.0 billion ($2,556.6 million¹), up 2.5% QoQ and 1.8% YoY.
- IT Services Revenue: $2,604.3 million, up 0.7% QoQ but down 2.1% YoY. In non-GAAP constant currency², revenue grew 0.3% QoQ and declined 2.6% YoY.
- Total Bookings³: $4,688 million, down 6.1% QoQ but up 30.9% YoY in constant currency².
- Large Deal Bookings⁴: $2,853 million, up 6.7% QoQ and a significant 90.5% YoY in constant currency².
- Adjusted IT Services Operating Margin⁵: 17.2%, up 0.4% YoY, despite a ₹1,165 million ($13.1 million¹) provision due to a customer bankruptcy, which reduced the reported margin to 16.7%.
- Net Income: ₹32.5 billion ($365.6 million¹), down 2.5% QoQ but up 1.2% YoY.
- Earnings Per Share: ₹3.1 ($0.031¹), down 2.5% QoQ but up 1.0% YoY.
- Operating Cash Flows: ₹33.9 billion ($381.5 million¹), at 103.8% of net income, down 17.6% QoQ and 20.7% YoY.
- Voluntary Attrition: 14.9% on a trailing 12-month basis.
- IT Products Revenue: ₹1.1 billion ($12.7 million¹), with segment results at ₹0.1 billion ($1.1 million¹).
Outlook for Q3 FY26
Wipro projects IT Services revenue for the quarter ending December 31, 2025, to range between $2,591 million and $2,644 million, indicating a sequential change of -0.5% to +1.5% in constant currency terms. This guidance excludes anticipated revenue from the recently announced acquisition of Harman Digital Transformation Solutions.
Exchange rates used for guidance: GBP/USD at 1.35, Euro/USD at 1.16, AUD/USD at 0.65, USD/INR at 87.21, CAD/USD at 0.72.
Leadership Commentary
Srini Pallia, CEO and Managing Director, stated: “We’re gaining momentum with growth in Europe and APMEA, and our operating margins remain stable. Our H1 FY26 bookings exceeded $9.5 billion, driven by a clear strategy focused on resilience, adaptability, and AI leadership. Wipro Intelligence™ is empowering our clients to scale confidently in an AI-first world.”
Aparna Iyer, Chief Financial Officer, added: “Three of our four Strategic Market Units grew sequentially in Q2. Large deal bookings in H1 FY26 have surpassed FY25’s full-year total. Adjusted margins expanded by 0.4% YoY, EPS grew 1% YoY, and operating cash flow remained robust at 104% of net income.”
Key Strategic Deal Wins
Wipro secured several high-value contracts in Q2 FY26, reinforcing its leadership in AI and digital transformation:
- A European financial institution engaged Wipro for a multi-year infrastructure modernization, enabling cloud migration and data center consolidation for enhanced efficiency.
- A European utility provider selected Wipro for a Utilities CPQ solution to streamline customer engagement and quote-to-cash processes.
- A U.S. healthcare company expanded its decade-long partnership with Wipro for AI-driven health insurance platform modernization and cloud migration.
- A U.S.-based global technology leader chose Wipro to scale its public cloud networking and storage infrastructure, leveraging AI to enhance reliability and reduce downtime.
- A UK-based financial services group adopted Wipro’s Agentic AI framework to transform payments data analysis, enabling real-time insights and improved decision-making.
- A U.S. healthcare payer partnered with Wipro to enhance enrollment, billing, and claims management using AI-powered solutions.
- A North American retailer extended its contract with Wipro for an AI-enabled delivery model to boost productivity and customer satisfaction.
- A global consumer health company engaged Wipro for AI-powered invoice automation to reduce errors and operational costs.
- An Indian financial services provider selected Wipro to modernize its digital banking platforms via a dedicated engineering hub.
- Wipro is leading a digital overhaul for a merged Indian rural bank, transitioning 1,500 branches to a unified core banking system.
- A European telecom provider partnered with Wipro for AI-led digital transformation, incorporating GenAI-powered platforms and a Designit-led innovation studio.
- A global financial services firm renewed its engagement with Wipro for application modernization, cybersecurity, and operational automation.
Analyst Recognition
Wipro earned accolades across multiple domains:
- Leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined Vehicles 2025.
- Leader in ISG Provider Lens™: Network, Cybersecurity, and Google Cloud Partner Ecosystem 2025 (U.S. and Europe).
- Leader in Avasant’s Healthcare Payer, Mortgage, and Utilities Digital Services 2025 RadarView™.
- Leader in Everest Group’s Talent Readiness for Next-Gen Cloud, GCC Transformation, and Digital Workplace Services PEAK Matrix® 2025.
- Leader in Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services 2025.
- Horizon 3 Market Leader in HFS Semiconductor Horizons 2025.
Source & Disclaimer: Gartner, “Magic Quadrant for Public Cloud IT Transformation Services”, Tobi Bet, et al, 4 August 2025. Gartner does not endorse any vendor, product, or service depicted in its research publications. Gartner’s opinions are subject to change and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, including merchantability or fitness for a particular purpose.
¹ USD conversion based on US$1 = ₹88.78 (Federal Reserve Board of Governors, September 30, 2025). Realized exchange rate for IT Services: US$1 = ₹86.94.² Constant currency based on volumes times the average actual exchange rate of the prior comparative period.³ Total bookings reflect total contract value of new orders, renewals, and increases to existing contracts, recorded at then-existing exchange rates without subsequent adjustments.⁴ Large deal bookings include deals ≥ $30 million in total contract value.⁵ IT Services Operating Margin refers to Segment Results Total per IFRS financials.