Infosys Outpaces Wipro as Growth Divide Widens

Infosys strengthened its lead over Wipro in Q2FY26, reflecting contrasting trajectories for the two IT majors. Infosys’ revenue grew 9% year-on-year to ₹44,490 crore, with net profit rising 13% to ₹7,364 crore. The company improved its FY26 revenue guidance to 2–3%, while maintaining EBIT margins of 20–22%. Supported by a deal pipeline of $3.1 billion and an interim dividend of ₹23 per share, Infosys continues to underline its operational consistency. Lower attrition at 14.3% and a 67% share of net-new deal wins reflect strong execution, helping sustain investor confidence. Wipro, meanwhile, delivered modest numbers. Its Q2FY26 revenue rose just 1.8% year-on-year to ₹22,697 crore, while net profit edged up 1.2% to ₹3,246 crore. Sequentially, profit dipped 2.5%, highlighting weak demand in key markets. Margins held steady at 16.7%, but growth was capped by sluggish BFSI demand and execution challenges. Although the company announced the $375 million acquisition of Harman’s Digital Transformation unit to strengthen its AI and digital tech portfolio, near-term financial impact is likely limited. For shareholders, Infosys remains a stable wealth compounder with healthy balance sheet, consistent dividend payouts, and visible growth drivers across large digital and transformation deals. Wipro’s incremental recovery and acquisition-driven strategy suggest a longer turnaround path, potentially dragging shareholder returns in the near term. The widening performance gap indicates that Infosys remains the structurally stronger bet among the two.