$554 million in operating cash equaled 165.8% of Wipro's quarterly profit.
Wipro reported Q2'27 results: gross revenue Rs 247.5B (+1.1% QoQ, +9.1% YoY), IT services revenue flat QoQ, operating margin 16.5% (+0.5% QoQ), net income Rs 32.0B (-4.7% QoQ), EPS Rs 3.23 (+0.9% QoQ). Operating cash flow Rs 53.0B, 165.8% of net income. CEO highlights AI-driven growth. Outlook: IT services revenue range provided. Key strategic deals won in banking, tech, healthcare, biotech, and AI sectors.
How this was made
The 30-second read
Why it matters
Strong operating cash flow offsets flat revenue, creating a nuanced earnings narrative.
Market read
Earnings release provides fresh data for traders; cash generation is a positive, but lackluster revenue limits upside.
What to watch
Potential upside from announced AI‑native deals and large US banking contract not yet reflected in price.
Background
Wipro, a major Indian IT services firm, posted its Q2 FY2027 results, highlighting cash flow and a series of strategic AI deals.
Market effects
IT services sector may see mixed sentiment as peers report similar flat growth.
Indian tech stocks could face slight pullback on earnings disappointment.
Limited; impact confined to Wipro and comparable global IT service firms.
Counterpoint
Cash strength could signal a turnaround catalyst if new AI contracts materialize.
Key entities
- companyWipro
Indian IT services provider listed on NYSE as WIPR.
- executiveSrini Pallia
CEO of Wipro, quoted on AI strategy.



