Conference Call with Wipro Management and Analysts on Q2FY27 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Wipro announced Q2FY27 results Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 2,47,527 million for Q2FY27, registering a QoQ growth of 1.12% compared to Rs 2,44,786 million in Q1FY27, and a YoY increase of 9.06% from Rs 2,26,973 million in Q2FY26. For FY26, the revenue was Rs 9,26,240 million. Total Income: Reported at Rs 2,55,082 million for Q2FY27, reflecting a marginal QoQ increase of 0.20% from Rs 2,54,576 million in Q1FY27, and a YoY growth of 7.88% from Rs 2,36,450 million in Q2FY26. The total income for FY26 stood at Rs 9,64,977 million. Net Profit (Attributable to Equity Holders): Reached Rs 32,006 million in Q2FY27, experiencing a decline of 4.52% QoQ from Rs 33,520 million in Q1FY27, and a drop of 1.40% YoY from Rs 32,462 million in Q2FY26. For FY26, the net profit was Rs 1,31,974 million. Standalone Financial Highlights: Revenue from Operations: Reached Rs 1,89,416 million for Q2FY27, representing a QoQ growth of 2.84% from Rs 1,84,182 million in Q1FY27, and a YoY increase of 6.59% from Rs 1,77,700 million in Q2FY26. Revenue for FY26 was Rs 7,13,451 million. Total Income: Recorded at Rs 1,96,121 million in Q2FY27, increasing by 1.69% QoQ from Rs 1,92,856 million in Q1FY27, and up by 5.09% YoY from Rs 1,86,623 million in Q2FY26. Total income for FY26 was Rs 7,60,942 million. Net Profit: Stood at Rs 28,627 million in Q2FY27, remaining largely flat with a slight decline of 0.10% QoQ against Rs 28,657 million in Q1FY27, but registering a solid YoY growth of 9.51% compared to Rs 26,142 million in Q2FY26. The net profit for FY26 was Rs 1,21,296 million. Business & Segment-wise Highlights: IT Services Segment: Total revenue was Rs 2,46,670 million for Q2FY27, posting a QoQ growth of 0.88% from Rs 2,44,529 million in Q1FY27, and a YoY increase of 8.95% from Rs 2,26,405 million in Q2FY26. The segment's profit result for Q2FY27 stood at Rs 40,726 million, reflecting growth of 3.93% QoQ and 7.71% YoY. Americas 1 market unit contributed Rs 84,985 million (-1.28% QoQ, +5.50% YoY). Americas 2 market unit contributed Rs 63,194 million (+1.73% QoQ, +3.13% YoY). Europe market unit contributed Rs 67,546 million (+1.47% QoQ, +13.46% YoY). APMEA market unit contributed Rs 30,945 million (+4.00% QoQ, +23.57% YoY). IT Products Segment: Total revenue was Rs 1,512 million for Q2FY27, demonstrating a sharp QoQ increase of 45.95% from Rs 1,036 million in Q1FY27, and a YoY growth of 34.28% from Rs 1,126 million in Q2FY26. The segment result turned into a loss of Rs 72 million in Q2FY27, down from a profit of Rs 16 million in Q1FY27 and Rs 101 million in Q2FY26. Key Business Highlights: Share Buyback: The company concluded the buyback of 60,00,00,000 equity shares at a price of Rs 250 per equity share. This resulted in a total cash outflow of Rs 1,50,508 million (including transaction costs of Rs 508 million). Acquisitions & Investments: The company acquired a 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries, effective May 15, 2026. Through its step-down subsidiary, Wipro IT Services, LLC, it acquired an additional 20% stake in Aggne Global Inc. with effect from June 1, 2026. The company also acquired an additional 20% stake in Aggne Global IT Services Private Limited, with effect from June 18, 2026. Asset Transfers: Gain on the transfer of building amounting to Rs 405 million was accounted for in the period. Srini Pallia, CEO and Managing Director, said: “The strategic investments we have been making are beginning to deliver results. They are enhancing our ability to win in new markets, add new clients, and grow existing relationships. At the same time, our consulting-led, AIpowered strategy is helping us create larger transformation opportunities. We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation. We are already seeing its potential reflected in the momentum across our AINative Unit and AI offerings portfolio”. Aparna Iyer, Chief Financial Officer, said: “Our operating margin for the quarter was 16.5%, an expansion of 0.5% sequentially. We have delivered this improvement even while continuing to invest in our business and people. We remain relentless in driving cash flow conversion. Q2 is yet another quarter where our operating cash flow has been robust and stood at 166% of net income.” Result PDF