IT sector giant Wipro Limited has released the results for the April-June quarter of the financial year 2026-27. The company’s consolidated net profit in the first quarter increased by 0.6% year-on-year to Rs 3,352 crore. In the same quarter last year, the company had made a profit of Rs 3,330 crore. However, Wipro’s revenue was less than analyst estimates. Along with the results, the company’s board also announced a dividend of Rs 2 per equity share. Revenue increased by 10.6%, but was below estimates. Wipro’s consolidated revenue in the first quarter increased by 10.6% year-on-year to Rs 24,479 crore. Despite this, it remained below the average analyst estimate (Rs 24,776 crore), according to Reuters-LSEG data. If seen on quarterly basis, a slight increase of 1% has been registered in the gross revenue of the company. Performance and Revenue of IT Services The revenue of Wipro’s core business i.e. IT Services was $2.61 billion. This is 1% more on an annual basis, but it has declined by 1.4% compared to the previous quarter. In constant currency terms, IT services revenue has seen a decline of 1.2% on a quarterly basis and a growth of 0.9% on an annual basis. 12.9% jump in large deal bookings Wipro’s total bookings during the quarter stood at $3.37 billion, down 2.4% from the previous quarter in constant currency. However, it was a matter of relief for the company that there was a huge jump of 12.9% in the booking of big deals on a quarterly basis and it reached $ 1.63 billion. Margin and attrition rate status: The company’s IT services operating margin has been 16%. This has declined by 130 basis points compared to the previous quarter and by 120 basis points compared to last year. Operating cash flow in this quarter stood at Rs 3,288 crore, which is 98% of the total net income. At the same time, based on the last 12 months, the company’s voluntary attrition rate i.e. the ratio of employees leaving the job was recorded at 13.9%. What is the guidance for the next quarter? For the July-September quarter i.e. the second quarter, Wipro has estimated IT services revenue in the range of $ 2.57 billion to $ 2.63 billion. This means that constant currency growth in the next quarter may range between -1.5% to 0.5%. Wipro is a technology services and consulting company. Wipro Limited is a leading technology services and consulting company. It has presence in 65 countries. Azim Premji inherited control of Wipro from his father in 1966 at the age of 21. Under his leadership, Wipro diversified from producing vegetable oils to providing IT services, software solutions and consulting services. Consolidated profit means the performance of the entire group. The results of companies come in two parts – standalone and consolidated. Standalone reports show the financial performance of only one unit, while consolidated financial reports report on the entire company. What is constant currency? When Indian IT companies do business globally, they get paid in foreign currencies like dollars, euros or pounds. But the exchange rate of dollar and rupee keeps fluctuating continuously. ‘Constant currency’ is used to measure the real growth of a company by removing the effect of these fluctuations. In this, revenue is calculated by considering the currency rate as fixed at a certain level so that the correct performance can be known. Also read this news… IRCTC’s new ticket booking website launched: Seats of all classes will be visible together, ‘Faster Checkout’ feature will be available; Captcha will not have to be filled. A new version of Indian Railways’ online ticket booking website IRCTC has been launched. The main objective of this upgrade is to make the experience easier and faster for millions of passengers who book tickets every day. Now the beta version of the new website has been launched, that is, changes will be made in this website on the basis of feedback from common passengers. Read the full news…
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Wipro’s first quarter profit of ₹3,352 crore: Revenue increased by 10%, the company declared ₹2 dividend; Attrition rate was 13.9%
