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Wipro Ltd gained for a fifth straight session today. The stock is quoting at Rs 183.99, up 1.58% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. Wipro Ltd has gained around 7.98% in last one month.
Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has gained around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 195.5 lakh shares today, compared to the daily average of 178.26 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 183.52, up 2.27% on the day. Wipro Ltd is down 26.46% in last one year as compared to a 2.55% slide in NIFTY and a 12.23% slide in the Nifty IT index.
The PE of the stock is 15.87 based on TTM earnings ending June 26.
Wipro announced an enhanced partnership with Databricks, the Data and AI company, to enable enterprises to modernize data foundations and accelerate AI adoption. As part of this partnership, Wipro has set up a self-contained Databricks business practice to drive industry solutions and accelerators to deliver business value through industry-specific offerings.
The enhanced partnership will help clients move from fragmented data foundations and isolated AI pilots to governed, enterprise-scale AI implementations. This will enable Wipro and Databricks to optimize existing data investments for shared clients while building new AI-led solutions tailored to industry needs. The collaboration will integrate Databricks' capabilities for agentic AI, data modernization, application development, and analytics with Wipro Intelligence™, the suite of AI powered platforms, solutions, and transformative offerings. The practice will help business users see the value faster, utilizing Databricks Genie, Databricks' AI coworker which helps both business users and technical professionals explore and interact with enterprise data using natural language. Leveraging Wipro's agent-native delivery platform WEGA, the practice will enable enterprises to transition from legacy systems to scalable, AI-ready data architectures.
On a year-on-year (YoY) basis, consolidated net profit rose 0.59%, while revenue from operations grew 10.58%.
Profit before tax (PBT) stood at Rs 4,334.5 crore in Q1 FY27, down 7.13% sequentially but up 1.78% from the corresponding quarter last year.
In dollar terms, gross revenue stood at $2,585.9 million, up 1% QoQ and 10.9% YoY. Revenue from the IT Services segment came in at $2,614.5 million, declining 1.4% QoQ but rising 1% YoY. On a non-GAAP constant-currency basis, IT Services revenue fell 1.2% sequentially and increased 0.9% year on year.
Total bookings stood at $3,370 million during the quarter, down 2.4% QoQ in constant currency. However, large deal bookings rose 12.9% QoQ to $1,626 million in constant currency.
The IT Services operating margin stood at 16.0% in Q1 FY27, down 1.3 percentage points quarter on quarter and 1.2 percentage points year on year.
Operating cash flow increased 3.6% QoQ to Rs 3,290 crore and amounted to 98% of the company's net income for the quarter. Voluntary attrition on a trailing 12-month basis stood at 13.9%. The company's total headcount stood at 243,044 as of 30 June 2026.
For the quarter ending 30 September 2026 (Q2 FY27), Wipro expects revenue from its IT services business to be in the range of $2,574 million to $2,627 million, implying sequential growth guidance of (-)1.5% to (+)0.5% in constant currency terms.
Srini Pallia, CEO and managing director, said, “Clients are moving beyond technology modernization to AI-enabled operating models that improve quality, resilience, and productivity. Wipro’s consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner.”
Aparna Iyer, chief financial officer, said, “As we navigate an evolving technology landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, it sets a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter. We are also pleased to share that the board has declared an interim dividend of Rs 2 per share. Including this dividend and payouts made over the past year, we would have returned more than $3 Bn in cash to our shareholders while continuing to invest steadily for growth.”
Meanwhile, the company's board declared an interim dividend of Rs 2 per equity share of face value Rs 2 each. The record date for the dividend is 27 July 2026, and the payment will be made on or before 14 August 2026.
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.
In dollar terms, gross revenue stood at $2,585.9 million, up 1% QoQ and 10.9% YoY. Revenue from the IT Services segment came in at $2,614.5 million, declining 1.4% QoQ but rising 1% YoY. On a non-GAAP constant currency basis, IT Services revenue fell 1.2% sequentially and increased 0.9% year on year.
For the quarter ending 30 September 2026 (Q2 FY27), Wipro expects revenue from its IT Services business to be in the range of $2,574 million to $2,627 million, implying sequential growth guidance of (-)1.5% to (+)0.5% in constant currency terms.
Aparna Iyer, chief financial officer, said, “As we navigate an evolving technology landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, it sets a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter. We are also pleased to share that the Board has declared an interim dividend of Rs 2 per share. Including this dividend and payouts made over the past year, we would have returned more than $3 Bn in cash to our shareholders while continuing to invest steadily for growth.”
The counter rose 1.83% to Rs 177.80 on the BSE.
Wipro Ltd gained for a third straight session today. The stock is quoting at Rs 179.68, up 2.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Wipro Ltd has slipped around 0.94% in last one month.
Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has slipped around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 142.8 lakh shares today, compared to the daily average of 231.02 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 179.38, up 2.74% on the day. Wipro Ltd is down 29.33% in last one year as compared to a 3.45% drop in NIFTY and a 21.59% drop in the Nifty IT index.
The PE of the stock is 14.35 based on TTM earnings ending March 26.