Stories
Wipro Q2 FY27: Marketing Costs Surge 44% While Workforce Declines
- •Wipro reported a workforce reduction of 6,716 employees in the September quarter, bringing total headcount to 2,36,328.
- •Consolidated marketing and brand-building expenses increased by 44.3% year-on-year to Rs 129.9 crore in Q2 FY27.
- •Consolidated revenue from operations rose 9.1% year-on-year to Rs 24,752.7 crore, while net profit fell 1.9% to Rs 3,200.6 crore.
- •Total bookings declined 22.9% sequentially to $2.595 billion in constant-currency terms, with large-deal bookings dropping 58.6%.
- •CEO Srini Pallia highlighted artificial intelligence as a long-term growth driver, backed by momentum in the company's AI-Native Unit.
Key Questions Answered
Wipro's total headcount declined by 6,716 employees during the September quarter of FY27, bringing the total number of employees down to 2,36,328. Meanwhile, the company's voluntary attrition rate on a trailing 12-month basis edged down slightly to 13.8% compared to 13.9% in the previous quarter.
Wipro's consolidated marketing and brand-building expenses rose by approximately 44.3% to ₹129.9 crore in Q2 FY27. Consolidated revenue from operations grew 9.1% year-on-year to ₹24,752.7 crore, while net profit fell 1.9% year-on-year to ₹3,200.6 crore.
Wipro expects its IT services revenue for the December quarter to range between $2.571 billion and $2.625 billion, translating into a sequential growth guidance of minus 1.5 percent to plus 0.5 percent in constant currency terms.
