Wipro Limited (WIT)

The company now

Wipro reported results for the quarter ended 30 September 2026 on 15 October, with gross revenue of ₹247.5 billion, up 9.1 percent from a year earlier 1.

Revenue from its core IT services business was flat from the previous quarter and rose 0.6 percent from a year earlier in constant currency, which sets currency swings aside 1. Net income was ₹32.0 billion, down 1.9 percent from a year earlier 1. Business Today reported that profit of Rs 3,200.6 crore was down 4.52 percent from the first quarter 5.

The IT services operating margin, the share of segment revenue left after running costs, was 16.5 percent, up 0.5 point from the prior quarter 1. Chief financial officer Aparna Iyer said operating cash flow was 166 percent of net income 1.

New orders were weaker: total bookings were $2,595 million, down 22.9 percent from the prior quarter in constant currency, and large-deal bookings were $674 million, down 58.6 percent 1.

For the quarter ending 31 December 2026 the company expects IT services revenue of $2,571 million to $2,625 million, or minus 1.5 to plus 0.5 percent from the prior quarter in constant currency 1.

Chief executive Srini Pallia said “The strategic investments we have been making are beginning to deliver results” 1. He added that Wipro will keep investing in acquisitions and AI even when margins suffer in the near term 6.

Separately, on 8 October the US Labor Department suspended Wipro, other large IT firms, Microsoft and Adobe from the PERM labor certification program, generally needed before an employer sponsors a green card 97. It will not process pending applications from them 7.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.