IT major Wipro reported a strong 53.7 per cent year-on-year jump in net profit for the June quarter of FY26, supported by improved operating margins and robust large deal wins. However, the company offered a muted revenue guidance for the upcoming quarter amid ongoing macroeconomic uncertainty. Attrition continued to ease, and Wipro maintained its push into AI-powered services across key verticals. Here are 5 key takeaways from the first quarter results for FY26.
1. Profit surges over 53% YoY; revenue growth remains modest
Wipro reported 53.70 per cent YoY surge in profit in comparison to Rs 2404.70 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 17,195.40, posting a growth of 2.38 per cent as against Rs 16,795.30 crore during the corresponding quarter of previous financial year.
Wipro’s IT services segment revenue stood at $2.59 billion, down 2 per cent QoQ and 2.3 per cent YoY in constant currency. However, the company expanded its operating margin to 17.3 per cent, up 80 basis points over last year.
2. Wipro declares Rs 5 interim dividend
The company also announced an interim dividend of Rs 5 per equity share for the quarter ended June 30, 2025. This interim payout adds to over $1.3 billion in total cash Wipro has returned to its shareholders over the past six months, according to Chief Financial Officer Aparna Iyer.
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 INR 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn.”
3. Attrition eases to 15.1%, headcount slightly down
Wipro reported a voluntary attrition rate of 15.1 per cent on a trailing 12-month basis. The company closed the quarter with 2.33 lakh employees, a slight decline from the previous quarter.
4. Wipro bags $2.7 billion in large deals in Q1, posts 131% YoY jump
The IT major recorded large deal bookings worth $2.7 billion in Q1, a massive 131 per cent jump year-on-year. Total deal bookings rose to $5 billion, up over 50 per cent compared to the same period last year. These wins spanned sectors such as technology, retail, healthcare, apparel, and financial services.
Srini Pallia, CEO and MD of Wipro, 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.”
5. Wipro expands AI footprint across industries
Like its peers in the IT sector, Wipro is also pushing aggressively into AI-powered services. Pallia said, “AI is no longer experimental – it’s central to our clients’ strategies, and we are delivering real impact at scale.”
From revamping the global supply chain operations of a logistics major using GenAI tools to setting up a centralized AI Centre of Excellence for a leading APAC bank, the deals underscore the company’s pivot towards intelligent automation.
Wipro forecasts Muted revenue guidance for Q2FY26
For the next quarter (Q2) ending September 30, 2025, Wipro expects IT services revenue to be in the range of $2.56 billion to $2.61 billion, translating to a sequential growth of (-)1 per cent to 1 per cent in constant currency terms.