IT services segment revenue flat sequentially and increased 0.6% YoY CC

Operating Margin at 16.5% expanded 0.5% QoQ

EPS increased 4.2% YoY; Operating cash flow at 165.8% of Net income

EAST BRUNSWICK, N.J. & BENGALURU, India: $WIPRO #AI--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2026.

Highlights of the Results

Results for the Quarter ended September 30, 2026:

Outlook for the Quarter ending December 31, 2026

We expect revenue from our IT Services business segment to be in the range of $2,571 million to $2,625 million*. This translates to sequential guidance of (-)1.5% to (+)0.5% in constant currency terms.

*Outlook for the Quarter ending December 31, 2026, is based on the following exchange rates: GBP/USD at 1.35, Euro/USD at 1.15 , AUD/USD at 0.71, USD/INR at 95.76 and CAD/USD at 0.72

Performance for the Quarter ended September 30, 2026

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, AI-powered 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 AI-Native 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.”

Highlights of Strategic Deal Wins

In Q2’27, Wipro continued to win large and strategic deals across industries. Key highlights include:

Analyst Recognitions

IT Products

Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Key Metrics and Non-GAAP Financial Measures

This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.

The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the Quarter ended September 30, 2026, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com/investors/

Quarterly Conference Call

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (9:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link-https://event.choruscall.com/mediaframe/webcast.html?webcastid=0q8EorJM

An audio recording of the management discussions and the question-and-answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

WIPRO LIMITED AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Rs in millions, except share and per share data, unless otherwise stated)
			As at March 31, 2026			As at September 30, 2026
								Convenience translation into U.S. Dollar in millions (unaudited) at the rate of Rs 95.83
ASSETS
Goodwill			387,399			409,181		4,270
Intangible assets			29,176			49,684		518
Property, plant and equipment			81,787			81,507		851
Right-of-Use assets			28,287			26,939		281
Financial assets
Investments			28,053			27,727		289
Trade receivables			349			-		-
Unbilled receivables			7,433			8,703		91
Other financial assets			6,259			7,946		83
Investments accounted for using the equity method			2,126			2,228		23
Deferred tax assets			5,242			5,620		59
Non-current tax assets			7,787			3,858		40
Other non-current assets			9,010			8,936		93
Total non-current assets			592,908			632,329		6,598
Inventories			517			835		9
Financial assets
Derivative assets			888			1,726		18
Investments			437,680			341,527		3,564
Cash and cash equivalents			105,555			95,016		992
Trade receivables			135,901			129,060		1,347
Unbilled receivables			76,823			79,301		827
Other financial assets			10,245			13,277		139
Contract assets			14,819			16,115		168
Current tax assets				10,762		12,178	127
Other current assets			33,164			39,146		408
Total current assets			826,354			728,181		7,599
TOTAL ASSETS			1,419,262			1,360,510		14,197
EQUITY
Share capital			20,977			19,810		207
Share premium			6,158			1,554		16
Retained earnings			735,057			641,170		6,691
Share-based payment reserve			7,920			6,013		63
Special Economic Zone Re-investment reserve			25,966			21,842		228
Other components of equity			89,290			104,440		1,090
Equity attributable to the equity holders of the Company			885,368			794,829		8,295
Non-controlling interests			2,509			1,721		18
TOTAL EQUITY			887,877			796,550		8,313
LIABILITIES
Financial liabilities
Loans and borrowings			1,962			-		-
Lease liabilities			26,327			26,474		276
Accrued expenses			4,394			4,686		49
Other financial liabilities			6,743			8,574		89
Deferred tax liabilities			17,266			21,677		226
Non-current tax liabilities			48,195			45,289		473
Other non-current liabilities			23,042			28,920		302
Provisions			224			121		1
Total non-current liabilities			128,153			135,741		1,416
Financial liabilities
Loans, borrowings and bank overdrafts			165,912			185,021		1,931
Lease liabilities			8,709			9,570		100
Derivative liabilities			10,978			2,992		If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter. Related news Vantron's VT-MOB-AH-8108 Wi-Fi HaLow Module, Built on Morse Micro's MM8108, Achieves CE/FCC/UL Certification Algen Biotechnologies Named to TIME’s List of The Best Inventions of 2026 Cross River Embeds Ripple USD Stablecoin on the XRP Ledger into its Core Banking Infrastructure, Expanding Faster Payment Capabilities for Businesses Rapid AI Capability Development Is Creating Opportunities for Those Companies With Leadership That Translate Productivity Gains Into Business Value Navan Unveils New Ways to Book, Expense, and Travel at Navigate Europe 2026 Former X CEO Linda Yaccarino Joins Better’s Board as Independent Director to Scale AI-Native Homeownership Samsung Canada Launches Ask Us Anything to Answer Canadians' Questions About Foldable Phones Fincantieri Accelerates Robotics and Physical AI to Build the Shipyard of the Future Last News RSA at Cybertech Europe 2024 Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for… Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes How Austria is making its AI ecosystem grow Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries Sparkle and Telsy test Quantum Key Distribution in practice Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing… Most read Credo to Showcase Broad Portfolio of Connectivity Solutions for AI Scale-Out… #WeConnect--Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient… Lumentum, Astera Labs, and Corning to Demonstrate 1060 nm VCSEL-Based… Lumentum Holdings Inc. (NASDAQ: LITE), Astera Labs, Inc. (NASDAQ: ALAB), and Corning Incorporated (NYSE: GLW) today announced a joint demonstration of… Semtech Corporation to Host Data Center Analyst Day on October 15, 2026 Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected… Agility Robotics and Churchill Capital Corp XI S-4 Registration Statement… Agility Robotics, Inc. (“Agility” or the “Company”), a leading humanoid robotics and physical AI company, today announced that its joint registration… Newsletter signup Join our mailing list to get weekly updates delivered to your inbox. Sign me up! G11 Media Networks BitCity ChannelCity ImpresaCity SecurityOpenLab GreenCity ImpresaGreen ItalianChannelAwards AgendaIct Home Newsletter Staff Copyright Contact us InnovationOpenLab is a channel of BitCity, a newspaper registered at the court of Como , n. 21/2007 del 11/10/2007- Registration ROC n. 15698 G11 MEDIA S.R.L. Registered office Via NUOVA VALASSINA, 4 22046 MERONE (CO) - P.IVA/C.F.03062910132 Como business register n. 03062910132 - REA n. 293834 CAPITALE SOCIALE Euro 30.000 i.v. Cookie Privacy