Azim Premji-Backed IT Major Reports Q1 FY27 Results; Revenue Rises 11% YoY, Declares Rs 2 Interim Dividend

On Thursday, Indian equity benchmarks ended marginally lower, with the benchmark Nifty 50 index declining 5.75 points or 0.02 per cent to 24,072.75. Despite the weak broader market, Wipro share price gained 1.77 per cent or Rs 3.09 to close at Rs 177.74 after the IT major announced its financial results for the quarter ended June 30, 2026.

Wipro Q1 FY27 Financial Performance

Wipro reported gross revenue of Rs 24,480 crore, registering a 10.6 per cent YoY and 1.0 per cent QoQ growth. Revenue from the IT Services segment stood at USD 2,614.5 million, increasing 1.0 per cent YoY, while declining 1.4 per cent QoQ.

The company reported net income of Rs 3,360 crore, up 0.6 per cent YoY, while earnings per share increased to Rs 3.20 from Rs 3.18 in the corresponding quarter last year. Operating cash flow stood at Rs 3,288 crore, representing 98 per cent of net income, highlighting continued cash generation during the quarter.

Large Deal Bookings Cross USD 1.6 Billion

Wipro secured total bookings worth USD 3.37 billion during the quarter. Large deal bookings stood at USD 1.626 billion, registering a 12.9 per cent sequential growth, with the company signing 13 large deals across industries.

The company continued to win strategic AI-led transformation contracts across chemicals, healthcare, insurance, Banking, manufacturing, retail, supply chain and technology sectors, reflecting healthy enterprise demand for AI-powered digital transformation services.

AI Business Continues to Expand

During the quarter, Wipro strengthened its AI-led offerings through Wipro Intelligence™, WINGS, and WEGA platforms. The company secured multiple AI-first transformation engagements involving Generative AI, Agentic AI, AIOps, intelligent automation, digital engineering, cloud modernisation and enterprise application transformation across global clients.

Management said customers are increasingly shifting from technology modernisation to AI-enabled operating models aimed at improving productivity, operational resilience and business outcomes.
Also Read - India's Leading Retail Broking Stock Falls 3% Despite Strong Q1 FY27 Results; PAT Jumps 102% YoY

Interim Dividend Declared

The Board of Directors declared an interim dividend of Rs 2 per equity share (ADS equivalent USD 0.02) for FY27.

Chief Financial Officer Aparna Iyer said that, including this dividend and payouts made over the past year, the company would have returned more than USD 3 billion in cash to shareholders while continuing to invest in future growth initiatives.

Management Commentary

Commenting on the results, Srini Pallia, CEO and Managing Director, said clients are moving beyond traditional technology modernisation towards AI-enabled operating models that improve quality, resilience and productivity. He added that Wipro's consulting-led, AI-powered approach is helping enterprises embed AI at the core of their businesses while strengthening long-term client relationships.

CFO Aparna Iyer said the company remains focused on investing in strategic growth areas despite near-term margin volatility, adding that strong cash generation and disciplined capital allocation continue to support shareholder returns.

Wipro Q2 FY27 Outlook

For the quarter ending September 30, 2026, Wipro expects IT Services revenue to be in the range of USD 2,574 million to USD 2,627 million, translating into a sequential constant currency guidance of (-)1.5 per cent to (+)0.5 per cent.

About Wipro

Wipro Limited is a leading AI-powered technology services and consulting company providing digital transformation, cloud, engineering, cybersecurity, consulting and business process services to clients across the globe. The company serves customers in more than 65 countries with a workforce of over 230,000 employees and business partners.

Leveraging its Wipro Intelligence™ platform, the company focuses on AI-led innovation, cloud transformation, digital engineering and enterprise modernisation across industries including banking, healthcare, manufacturing, retail, communications, energy and technology.

What are your views on Wipro's growing AI-led deal pipeline and its USD 1.63 billion large deal bookings in Q1 FY27? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.