Wipro Q2 Results: IT services firm guides for Q3 revenue growth to be between -1.5% to 0.5%

Wipro reported Q2 2027 IT services revenue of $2.61B, flat sequentially and up 0.6% YoY in constant currency. Operating margin improved to 16.5%. Growth was seen in Europe and APMEA, while Americas 1 declined due to healthcare softness. The company closed $2.6B in deals and expects Q3 revenue to be impacted by seasonal furloughs, guiding for -1.5% to +0.5% sequential growth.

Wipro (WIT) shares rose 2.78% to $1.85 after reporting in-line Q3 earnings with $2.58B revenue and $0.03 EPS. Operating margin improved 50 bps to 16.5%. Bookings hit a 19-quarter low, but management expects a rebound. Guidance for next quarter's revenue is -1.5% to +0.5%. The stock is down 36.64% YTD. Next catalysts include deal signings and Q4 outlook.

Wipro reported Q2 FY27 results with gross revenue up 9.1% YoY to ₹247.5 billion, but IT services revenue down 0.1% QoQ. Net income fell 4.7% QoQ to ₹32.0 billion, while cash flow surged 61.3% to ₹53.0 billion. Bookings declined 22.9% QoQ. CEO Pallia highlighted AI and consulting as growth drivers, while CFO Iyer noted margin expansion and strong cash flow. Wipro guided Q3 IT services revenue between $2,571M and $2,625M.

Wipro reported Q2 revenue of $2.61B, with EBIT margin expanding to 16.5%. Tech Mahindra saw net profit rise 8.2% and announced a 1:1 bonus issue. Persistent Systems reported 30.3% revenue growth. Jio Financial Services and IIFL Finance showed strong growth. Polycab's profit jumped 42.6%, while Nestlé's stock fell despite profit growth. Tata Communications' profit surged 86.3%.

Wipro Limited reported Q2 revenue of $2.58 billion. The company's stock, traded as American Depositary Receipts, saw a 1.58% increase over five days and an 8.97% rise since the start of the year, but a 34.05% decline over a longer period.

Wipro reported Q2 2027 earnings of $0.03 per share and revenue of $2.58 billion, meeting expectations. Operating margin improved to 16.5%. Shares rose 3.38% as investors focused on margin gains and AI investments. Management highlighted a strong deal pipeline and AI-led transformation efforts.