Conference Call with Wipro Ltd. Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Wipro announced Q1FY26 results Gross revenue at Rs 221.3 billion (USD 2,581.6 million), decrease of 1.6% QoQ and increase of 0.8% YoY. IT services segment revenue was at USD 2,587.4 million, decrease of 0.3% QoQ and 1.5% YoY. Non-GAAP constant currency IT Services segment revenue decreased 2.0% QoQ and 2.3% YoY. Total bookings was at USD 4,971 million, up by 24.1% QoQ and 50.7% YoY in constant currency. Large deal bookings was at USD 2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency IT services operating margin for Q1FY26 was at 17.3%, contraction of 0.2% QoQ and expansion of 0.8% YoY. Net income for the quarter was at Rs 33.3 billion (USD 388.4 million), decrease of 6.7% QoQ and increase of 10.9% YoY. Earnings per share for the quarter at Rs 3.2 (USD 0.04), decrease of 6.7% QoQ and increase of 10.8% YoY. Operating cash flows of Rs 41.1 billion (USD 479.6 million), increase of 9.8% QoQ and 2.9% YoY and at 123.2% of Net Income for the quarter. Declared interim dividend of Rs 5 (USD 0.06) per equity share/ADS. Voluntary attrition was at 15.1% on a trailing 12-month basis. Srini Pallia, CEO and Managing Director, said: “In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half. AI is no longer experimental - it’s central to our clients’ strategies, and we are delivering real impact at scale.” Aparna Iyer, Chief Financial Officer, said: “We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123% of our net income. The board also declared an interim dividend of Rs 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than USD 1.3 billion.” Result PDF