wipro

Wipro's shares remain in focus after the company reported a mixed set of Q1 FY2026-27 results. While the company maintained healthy large-deal momentum with 13 large deal wins worth about $1.6 billion, revenue growth and operating margins remained under pressure due to continued weakness in discretionary IT spending and higher wage and AI-related investments. Management's cautious guidance for the September quarter disappointed investors, leading to profit booking after the results despite stable deal bookings. Analysts believe that Wipro's near-term performance will depend on the conversion of its strong deal pipeline into revenue and improvement in margins as global technology spending gradually recovers.