Wipro, the global technology services and consulting leader, announced its financial results for the quarter ended September 30, 2025, reflecting steady revenue growth and strategic progress in its AI-led services.
Wipro reported gross revenue of ₹227.0 billion ($2,556.6 million), marking a 2.5 percent quarter-on-quarter (QoQ) and 1.8 percent year-on-year (YoY) increase. Wipro’s IT services segment generated revenue of $2,604.3 million, up 0.7 percent QoQ but down 2.1 percent YoY.
Revenue by Geography: Wipro continues to derive a significant portion of its revenue from international markets: 33.0 percent from Americas 1, 29.6 percent from Americas 2, 26.3 percent from Europe, and 11.1 percent from APMEA.
Revenue by Industry Vertical: Banking, Financial Services and Insurance (BFSI) accounted for 34.3 percent of total revenue, followed by Consumer at 18.2 percent, Energy, Manufacturing and Resources at 17.4 percent, Technology and Communications at 15.6 percent, and Health at 14.5 percent.
Bookings and Large Deals: Total bookings for the quarter stood at $4,688 million, down 6.1 percent QoQ but up 30.9 percent YoY. Large deal bookings surged to $2,853 million, a 6.7 percent QoQ and 90.5 percent YoY increase, demonstrating strong client demand for Wipro’s digital transformation solutions.
Profitability and Margins: IT services operating margin for Q2 FY26 was 16.7 percent, slightly impacted by a provision of ₹1,165 million ($13.1 million) due to a customer bankruptcy. Net income was ₹32.5 billion ($365.6 million), down 2.5 percent QoQ but up 1.2 percent YoY. Voluntary attrition remained at 14.9 percent on a trailing 12-month basis.
Guidance: Wipro expects IT services revenue in the range of $2,591 million to $2,644 million, reflecting a sequential growth of -0.5 percent to +1.5 percent.
Leadership Commentary:
Srini Pallia, CEO & MD of Wipro, said: “Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady. Bookings surpassed $9.5 billion for H1 FY26. We remain resilient, adapt to global shifts, and lead with AI. Wipro Intelligence will help our clients scale confidently in an AI-first world.”
Aparna Iyer, CFO, said: “We are returning to growth with three of four SMUs growing sequentially. Large deal bookings for H1 FY26 have surpassed full-year FY25 figures.”
Wipro’s Q2 FY26 results underline the company’s focus on AI-driven solutions, large-scale digital transformation deals, and steady revenue growth, positioning it for sustained success in a rapidly evolving technology landscape.
Rajani Baburajan
