Key Takeaways
- Wipro reports Q2 net profit of ₹3,246 crore, showing marginal growth
- IT services revenue guidance set at -0.5% to +1.5% for next quarter
- Company secured $4.7 billion in total contracts with 13 large deals
- Headcount increases by 2,260 employees while attrition drops to 14.9%
Wipro Limited announced its September quarter results with a net profit of ₹3,246 crore, marking slight growth from ₹3,208 crore in the same period last year. The Azim Premji-led technology giant reported operational revenue of ₹22,697.3 crore, representing a 1.7% year-on-year increase.
Financial Performance Highlights
The company’s IT services business generated $2.6 billion in revenue, showing a 0.7% quarterly increase but a 2.1% yearly decline. Wipro secured significant contracts worth $4.7 billion during the quarter, with 13 large deals contributing $2.9 billion of this total.
For the upcoming quarter, Wipro projects IT Services revenue between $2,591 million and $2,644 million, translating to a sequential guidance range of -0.5% to +1.5% in constant currency terms.
Leadership Commentary
CEO and Managing Director Srini Pallia revealed that bookings exceeded $9.5 billion for the first half of FY26. “Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI,” he stated.
CFO Aparna Iyer noted the company’s gradual return to growth, with three of four strategic market units showing sequential improvement in Q2. “All key financial parameters continue to remain strong,” she affirmed.
Sector-Wise Performance & Challenges
During a media conference, Pallia highlighted continued momentum in BFSI (banking, financial services and insurance), where clients are prioritizing cost optimization, vendor consolidation, legacy modernization, and Agentic AI deployment.
However, tariff uncertainties are affecting consumer, energy and manufacturing sectors, leading customers to reevaluate supply chains. In technology and communications, the focus remains on accelerating AI adoption and developing industry-specific solutions.
“Healthcare, especially in the U.S., is undergoing structural changes. We are actively supporting clients through this transition, and the sector remains one of our strong performers,” Pallia added.
The CEO attributed much of the demand to vendor consolidations, AI-powered transformations, and consulting-led programs—areas where Wipro’s strategy is making significant impact.
Workforce Updates
Wipro expanded its workforce by 2,260 employees in Q2, bringing total headcount to 235,492. The company also reported improved employee retention with attrition decreasing to 14.9% on a last-twelve-month basis.
