Wipro Limited has announced its financial results for the first quarter ended June 30, 2026, reporting steady business performance supported by higher large deal bookings, stable revenue growth and strong cash generation. The company posted gross revenue of ₹244.8 billion ($2.59 billion) during the quarter, up 1% sequentially and 10.6% year-on-year. Revenue from the IT Services business stood at $2.61 billion, reflecting a 1% increase over the same quarter last year, although it declined 1.4% compared with the previous quarter.
Large deal bookings remained a key highlight for the quarter. Wipro secured 13 large deals with a combined value of $1.63 billion, registering a 12.9% quarter-on-quarter increase in constant currency. Total bookings for the quarter stood at $3.37 billion. Net profit for the quarter came in at ₹33.6 billion ($354.6 million), rising 0.6% from a year ago.
Earnings per share increased to ₹3.20, while operating cash flow remained strong at ₹32.9 billion, equivalent to 98% of net income, reflecting healthy cash generation. The company’s IT Services operating margin was 16% during the quarter. Employee attrition on a trailing 12-month basis stood at 13.9%. The Board of Directors declared an interim dividend of ₹2 per equity share.
Commenting on the results, Srini Pallia, Chief Executive Officer and Managing Director, said customers are increasingly adopting artificial intelligence to improve productivity, operational efficiency and business resilience. He said Wipro continues to support enterprises through its consulting-led approach, helping them integrate AI into their core business operations and accelerate digital transformation.
Aparna Iyer, Chief Financial Officer, said the company remains focused on investing in its workforce and strategic growth areas despite short-term pressure on margins. She added that Wipro continues to maintain a strong balance sheet and healthy cash flows while delivering consistent returns to shareholders. Over the past year, including the latest interim dividend, the company has returned more than $3 billion to shareholders.
Looking ahead, Wipro expects revenue from its IT Services business to be between $2.57 billion and $2.63 billion for the quarter ending September 30, 2026. This translates into a sequential revenue outlook ranging from a 1.5% decline to a 0.5% increase in constant currency terms.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a global technology services and consulting company that helps businesses accelerate their digital transformation. The company provides consulting, cloud, artificial intelligence, engineering, cybersecurity, data analytics and business process services to clients across industries. Through its AI platforms, technology expertise and innovation ecosystem, Wipro works with customers to improve business performance, enhance customer experiences and build sustainable growth. With more than 230,000 employees and business partners serving clients in 65 countries, Wipro delivers technology solutions that support businesses in a rapidly changing digital world.
