Wipro Q1 result: Profit inches up 0.6% to ₹3,352 crore; revenue rises 11%, large deal bookings grow 13%

IT services major Wipro Ltd on Thursday reported a 0.6% year-on-year (YoY) rise in consolidated net profit to ₹3,352 crore for the first quarter ended June 30 (Q1FY27) while revenue grew in double digits, aided by broad-based growth across geographies.

Revenue from operations rose 10.6% YoY to ₹24,478.6 crore in the April-June quarter, compared with ₹22,134.6 crore in the corresponding period last year. Total income increased 9.7% to ₹25,457.6 crore. On a sequential basis, however, net profit declined 4.7% from ₹3,521.6 crore reported in the March quarter while revenue from operations increased 1% from ₹24,236.3 crore.

The company's IT services revenue grew 10.7% YoY to ₹24,452.9 crore while segment operating profit rose 2.8% to ₹3,918.7 crore.

Wipro reported total bookings of $3.37 billion during the quarter, down 2.4% sequentially in constant currency terms. However, large deal bookings increased 12.9% quarter-on-quarter to $1.63 billion, reflecting sustained demand for large transformation engagements.

For the second quarter, the company guided its IT services revenue to be in the range of $2.574 billion to $2.627 billion, implying a sequential growth outlook of -1.5% to +0.5% in constant currency.

Region-wise, the Americas 1 business posted 8.9% YoY growth in revenue to ₹8,608.7 crore, while segment profit rose 2.3% to ₹1,669.1 crore. Revenue from the Americas 2 market increased 1.6% to ₹6,211.9 crore, although segment profit declined 18.1% to ₹987.4 crore.

The Europe business delivered the strongest performance among major markets, with revenue rising 17.2% to ₹6,656.9 crore, while segment profit surged 50.1% to ₹904.7 crore.

The Asia Pacific, Middle East, and Africa (APMEA) region also saw robust growth, with revenue rising 24.9% to ₹2,975.4 crore and segment profit climbing 46.4% to ₹436.2 crore.

Srini Pallia, CEO and Managing Director, Wipro, said clients are increasingly moving beyond technology modernisation towards AI-led business transformation. "Clients are moving beyond technology modernisation to AI-enabled operating models that improve quality, resilience and productivity. Wipro's consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner," he said.

Aparna Iyer, Chief Financial Officer, said the company will continue investing in strategic priorities and talent despite near-term margin pressures. "As we navigate an evolving technology landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, they set a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter," she said.

The company also announced an interim dividend of ₹2 per equity share. The board has fixed July 27, 2026, as the record date, and the dividend will be paid on or before August 14, 2026. Wipro said that, including the proposed dividend and payouts made over the past year, it would have returned more than $3 billion to shareholders while continuing to invest in long-term growth.

Shares of Wipro closed at Rs 177.80, up 1.8%, on the BSE on Thursday.