Wipro Q1 FY27 Revenue Up 10.6% YoY to $2.61 Bn; Large Deals Booked at $1.6 Bn
Wipro reported Q1 FY27 revenue of $2.61 billion, up 10.6% YoY. Large deal bookings reached $1.6 billion, a 12.9% QoQ increase. Net income grew 0.6% YoY to $354.6 million. Operating cash flow was 98% of net income. The company declared an interim dividend of ₹2 per share.
The results include key financial metrics such as revenue growth, net income, and large deal bookings, which are material to investors and significantly impact the company's valuation and market perception.
The company reported year-over-year revenue growth and a significant increase in large deal bookings, alongside robust operating cash flow and a dividend payout, indicating positive financial performance and shareholder returns.
Wipro Limited announced its financial results for the quarter ended June 30, 2026. Gross revenue stood at ₹244.8 billion ($2,585.9 million), marking a 10.6% year-over-year increase and a 1.0% sequential increase. The IT services segment revenue was $2,614.5 million, up 1.0% YoY and down 1.4% QoQ. Non-GAAP constant currency IT Services segment revenue saw a 0.9% YoY increase and a 1.2% QoQ decrease.
Total bookings were $3,370 million, a decrease of 2.4% QoQ in constant currency. However, large deal bookings significantly grew by 12.9% QoQ in constant currency, reaching $1,626 million, with 13 large deals secured in the quarter. The IT services operating margin for Q1’27 was 16.0%, a decrease of 1.3% QoQ and 1.2% YoY.
Net income for the quarter was ₹33.6 billion ($354.6 million), a slight increase of 0.6% YoY but a decrease of 4.7% QoQ. Earnings per share were ₹3.20 ($0.031), showing a 0.6% YoY increase and a 4.2% QoQ decrease. Operating cash flows were robust at ₹32.9 billion ($348 million), representing 98.0% of net income. Voluntary attrition was reported at 13.9% on a trailing 12-month basis.
The company declared an interim dividend of ₹2 per equity share. Looking ahead, Wipro expects revenue from its IT Services business segment for the quarter ending September 30, 2026, to be in the range of $2,574 million to $2,627 million, translating to a sequential guidance of -1.5% to +0.5% in constant currency terms.
Srini Pallia, CEO and Managing Director, highlighted the increasing client focus on AI-enabled operating models and Wipro's consulting-led, AI-powered approach. Aparna Iyer, Chief Financial Officer, emphasized continued investment in strategic priority areas and strong cash flow generation, noting the return of over $3 billion to shareholders through dividends and buybacks in the past year.
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