Bengaluru/East Brunswick, N.J., July 17, 2026: Wipro Limited, the AI-powered technology services and consulting company, reported consolidated gross revenue of ₹24,480 crore for the first quarter of FY2026-27, registering a 10.6% year-on-year increase and a 1% sequential rise, while announcing an interim dividend of ₹2 per equity share.
The company reported net income of ₹3,360 crore for the quarter ended June 30, 2026, up 0.6% year-on-year, although it declined 4.7% sequentially. Earnings per share stood at ₹3.20. Operating cash flow remained strong at ₹3,290 crore, representing 98% of net income for the quarter.
IT Services Performance
Wipro’s IT Services revenue stood at US$2.61 billion, reflecting a 1% year-on-year increase but a 1.4% sequential decline. On a constant currency basis, IT Services revenue declined 1.2% quarter-on-quarter while growing 0.9% year-on-year.
The company’s IT Services operating margin was 16%, down 1.3 percentage points sequentially and 1.2 percentage points year-on-year, reflecting continued investments in strategic growth initiatives. Voluntary attrition improved to 13.9% on a trailing 12-month basis.
Strong Deal Momentum
Total bookings during the quarter reached US$3.37 billion, while large deal bookings increased 12.9% sequentially in constant currency to US$1.63 billion, highlighting sustained demand for Wipro’s AI-enabled digital transformation services. The company secured major multi-year contracts across industries including chemicals, healthcare, insurance, technology, energy, retail and financial services. Many of these engagements focus on AI-driven automation, cloud modernization, digital engineering and enterprise transformation.
AI at the Core of Client Transformation
Commenting on the results, Srini Pallia, Chief Executive Officer and Managing Director, said clients are increasingly moving beyond technology modernization toward AI-enabled operating models that improve productivity, resilience and business outcomes.
He said Wipro’s consulting-led, AI-powered approach is helping enterprises embed artificial intelligence into their core operations while strengthening the company’s position as a trusted transformation partner.
Chief Financial Officer Aparna Iyer said the company continues to invest in talent and strategic priorities despite near-term margin pressure. She noted that strong cash generation enabled Wipro to continue rewarding shareholders, with the latest interim dividend taking total shareholder payouts over the past year to more than US$3 billion.
Outlook
For the second quarter of FY2026-27, Wipro expects IT Services revenue to be between US$2.574 billion and US$2.627 billion, translating into a sequential growth guidance ranging from -1.5% to +0.5% in constant currency terms.
Industry Recognition
During the quarter, Wipro was recognised as a leader across multiple global analyst reports, including assessments by ISG, Avasant, Everest Group, and HFS, covering digital engineering, banking, healthcare, cloud services, semiconductor solutions, SAP transformation and supply chain services.