Wipro Q2 Financial Performance and Operating Metrics

Limited (WIPRO) reported a 4.5% sequential decline in consolidated net profit to Rs 3,200.6 crore for Q2 FY27, compared to Rs 3,352.8 crore recorded in the preceding quarter. Consolidated revenue from operations increased 1.1% quarter-on-quarter to Rs 24,752.7 crore, up from Rs 24,482 crore in Q1 FY27. The core IT services segment recorded revenue of $2,611.5 million for the quarter, reflecting a sequential change of 0.0% in constant currency terms. In rupee terms, IT services segment revenue showed a sequential increase of 1.3%. IT services operating margin for the quarter expanded by 50 basis points sequentially to reach 16.5%. For the upcoming third quarter (Q3 FY27 ending December 31), Wipro provided revenue guidance for its IT services segment in the range of $2,571 million to $2,625 million. This projection translates to sequential growth of -1.5% to +0.5% in constant currency terms. Total deal bookings during the quarter stood at $3.56 billion, with large deal bookings accounting for $1.18 billion. Voluntary attrition for the IT services segment on a trailing twelve-month basis was reported at 14.2%, while total headcount at the end of the quarter stood at 233,892 employees.