Stories
Wipro Q2 Results: Net profit dips while revenue rises to ₹24,753 crore, beating estimates
- •Wipro's consolidated net profit declined by 4.5% quarter-on-quarter to ₹3,201 crore.
- •Consolidated revenue rose to ₹24,753 crore, performing slightly better than market estimates.
- •IT services segment revenue stood at $2.61 billion with an operating margin of 16.5%.
- •Large deal bookings witnessed a significant decline of 58.6% quarter-on-quarter.
- •Operating cash flow surged by 61.3% quarter-on-quarter to reach ₹5,300 crore.
Key Questions Answered
For the second quarter of FY27, Wipro's consolidated net profit declined by 4.5% sequentially to ₹3,201 crore, which was lower than market estimates. Meanwhile, consolidated revenue rose by 1.1% quarter-on-quarter and 9.1% year-on-year to reach ₹24,753 crore.
Wipro's IT services revenue stood at $2.61 billion, remaining flat quarter-on-quarter in constant currency terms and growing 0.6% year-on-year. The operating margin for the segment improved by 0.5 basis points sequentially to reach 16.5%.
Wipro experienced a sharp decline in deal activity, with total contract bookings falling 22.9% sequentially to $2.595 billion and large deal bookings dropping 58.6% to $674 million. However, operating cash flow grew significantly by 61.3% quarter-on-quarter to stand at ₹5,300 crore.
