Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) reported revenue of ₹24,750 crore for the quarter ended September 30, 2026, an increase of 1.1% sequentially and 9.1% year-on-year. The company announced its financial results under International Financial Reporting Standards (IFRS).
IT services revenue stood at $2,611.5 million, down 0.1% quarter-on-quarter and up 0.3% year-on-year. On a non-GAAP constant currency basis, IT services revenue remained flat sequentially and increased 0.6% from the corresponding quarter last year. Total bookings during the quarter were $2,595 million, a decline of 22.9% sequentially on a constant currency basis. Large deal bookings, covering contracts with a total contract value of at least $30 million, stood at $674 million, down 58.6% sequentially on the same basis.
Wipro’s IT services operating margin increased by 0.5 percentage points sequentially to 16.5%, although it was 0.2 percentage points lower than a year earlier. Net income for the quarter was ₹3,200 crore, or $333.9 million, down 4.7% quarter-on-quarter and 1.9% year-on-year. Earnings per share rose 0.9% sequentially and 4.2% year-on-year to ₹3.23. Operating cash flow reached ₹5,300 crore, an increase of 61.3% from the previous quarter and equivalent to 165.8% of net income. Voluntary attrition on a trailing 12-month basis stood at 13.8%.
Srini Pallia, Chief Executive Officer and Managing Director of Wipro, said the company’s strategic investments were beginning to support new market opportunities, client acquisition and growth in existing relationships. He added that its consulting-led, AI-powered strategy was helping create larger business transformation opportunities, with artificial intelligence emerging as a long-term growth driver.
Aparna Iyer, Chief Financial Officer, said the company improved its operating margin while continuing to invest in its business and workforce. She also highlighted the quarter’s cash flow performance, with operating cash flow reaching approximately 166% of net income.
For the quarter ending December 31, 2026, Wipro expects IT services revenue to range between $2,571 million and $2,625 million. This represents sequential guidance of a decline of 1.5% to growth of 0.5% in constant currency terms. During the quarter, Wipro secured and expanded engagements across banking, technology, healthcare, biotechnology, telecommunications, public services, beverages, industrial products, life sciences and energy. The projects include mortgage operations modernisation, AI-enabled enterprise applications, healthcare provider services transformation, regulatory complaint management, and the establishment of an AI Global Capability Centre for an Asia-based conglomerate.
Other wins include mobile network services, AI-native digital operations for a North American public services organisation, hybrid cloud and infrastructure services for a global beverage company, and enterprise resource planning modernisation for an industrial products provider.
Wipro also secured engagements to develop AI-powered supply chain intelligence for a life sciences company, transform procurement and finance operations for a Middle Eastern energy company, and modernise trade exception management for a North American financial services institution through Capco, a Wipro company.
The company said these engagements reflect demand for AI-enabled platforms, automation and enterprise transformation services across industries. Wipro operates in more than 20 countries, with 96 delivery centres and over 23,000 employees worldwide. It provides technology services and consulting across sectors including aerospace and defence, automotive, energy, healthcare, rail and semiconductors.
