Wipro Reports Stable Q1 FY27 Performance; Declares Interim Dividend of ₹2 per Share

Key Highlights Wipro reported a stable Q1 FY27 performance, supported by growth in gross revenue, steady net income, and strong large deal bookings. The company also declared an interim dividend of ₹2 per share and provided a cautious Q2 FY27 revenue growth guidance. Financial Performance & Business Update • Interim Dividend: Declared ₹2 per share. • Gross Revenue stood at ₹24,400 Crore, up 10.6% YoY and 1% QoQ. • Revenue increased 0.9% YoY in constant currency. • Net Income grew 0.6% YoY. • IT Services Revenue stood at US$2,614.5 Million, down 1.4% QoQ but up 1% YoY. • Large Deal Bookings totaled US$1.6 Billion, up 12.9% QoQ, with 13 large deals signed during the quarter. • Operating Cash Flow was 98% of net income, reflecting strong cash conversion. • Q2 FY27 Guidance: -1.5% to +0.5% sequential growth in constant currency terms. What It Means • Strong large deal bookings provide better revenue visibility for future quarters. • Growth in gross revenue and stable net income indicate resilient business performance despite a challenging demand environment. • The decline in IT Services Revenue on a QoQ basis and cautious Q2 guidance suggest near-term demand remains soft. • High operating cash flow conversion reflects healthy cash generation and operational discipline. Market Impact Impact: Neutral While robust deal wins, healthy cash flow, and the interim dividend are positives, the muted Q2 guidance and sequential decline in IT Services revenue indicate a cautious near-term outlook. Investors are likely to monitor execution of the strong deal pipeline in the coming quarters. Learning Outcome Large Deal Bookings represent the total value of significant client contracts signed during a period. They are an important indicator of future revenue visibility for IT companies, as these contracts are typically executed over multiple years and can support long-term business growth.