Wipro reported a muted performance for the quarter ended June 30, 2026 (Q1 FY27), with net profit rising 0.6% year-over-year to ₹3,200 crore, according to the company's press release. Revenue growth remained modest, and margins came under pressure amid a challenging demand environment.
The IT major posted gross revenue of ₹24,500 crore for the quarter, a slight increase from ₹24,350 crore in the same period last year. The company's operating margin stood at 15.2%, down from 15.8% in Q1 FY26, reflecting higher employee costs and visa expenses.
For the second quarter of FY27, Wipro guided for revenue growth in the range of -1.5% to +0.5% in constant currency terms, indicating continued uncertainty in client spending. The board also declared an interim dividend of ₹5 per share, with a record date of July 25, 2026.
CEO Srini Pallia said, 'We are navigating a cautious demand environment, but our focus on operational excellence and client partnerships remains strong.' The company added 2,500 employees during the quarter, bringing total headcount to 245,000.
