
Wipro reports Q1 2027 revenue of $2.6B
- Wipro reported a 1% sequential revenue increase to Rs 244.8 billion for the quarter ended June 30, 2026.
- Wipro shares were down 0.27% at $1.84 in extended trading following the results.
- Management provided an IT services revenue guidance range of $2,574 million to $2,627 million for the next quarter.
Wipro (NYSE:WIT) reported gross revenue of Rs 244.8 billion ($2,585.9 million) for the quarter ended June 30, 2026, marking a 1% increase compared to the previous quarter.
While total revenue rose, the IT services segment experienced a 1.4% sequential decline in U.S. dollar terms, contrasting with the overall annual growth of 10.6%.
The company reported that its IT services operating margin reached 16% for the period, while net income fell 4.7% sequentially to Rs 33.6 billion.
Wipro expects its IT services segment revenue for the quarter ending September 30, 2026, to range between $2,574 million and $2,627 million, representing a shift of -1.5% to +0.5% in constant currency.
Wipro provides comprehensive technology services and consulting, focusing on digital transformation and AI-powered solutions for global enterprises.
The company has maintained a consistent focus on large deal acquisitions, recording $1,626 million in large deal bookings during this most recent quarter.