Net income came in at ₹3,250 crore ($365.6 million), down 2.5% sequentially but up 1.2% year-on-year, while earnings per share (EPS) stood at ₹3.1.
Wipro reported operating cash flow of ₹3,390 crore ($381.5 million), accounting for 103.8% of net income, though it declined 17.6% QoQ and 20.7% YoY.
Bookings and Large Deals See Strong Momentum
Wipro’s large deal bookings jumped 91% in the first half of FY26, surpassing the total bookings achieved during the entire FY25. The company’s total bookings in H1FY26 stood at $9.5 billion, reflecting robust demand and traction across key markets.
“Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band,” said Srini Pallia, CEO and Managing Director of Wipro.
He added, “Our strategy is clear — remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence™ to our clients, helping them scale confidently in an AI-first world.”
Financial Highlights
- Adjusted operating margin: 17.2%, up 0.4% YoY but down 0.1% sequentially.
- Reported operating margin: 16.7%, impacted by a one-time ₹1,165 million ($13.1 million) provision due to a customer bankruptcy.
- Voluntary attrition: 14.9% on a trailing 12-month basis.
- Operating cash flow conversion: 104% of net income for Q2.
CFO Aparna Iyer said, “We are gradually returning to a growth trajectory with three of our four strategic market units showing sequential improvement. Our adjusted margins expanded 0.4% YoY, EPS grew 1% YoY, and our cash flow conversion remains robust.”
Outlook
For the December 2025 quarter, Wipro expects steady growth led by an improving demand environment in Europe and APMEA, strong deal wins, and margin stability. The company continues to prioritise its AI-led digital transformation offerings under Wipro Intelligence™, positioning itself to capture emerging enterprise technology opportunities globally.
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