Question 1

What are the key takeaways from Wipro Limited?

Accepted Answer

Wipro Q2 FY27: IT services revenue $2.61 billion, operating margin 16.5% Wipro’s Q2 FY27 earnings call covered the quarter ended September 2026, with management discussing consolidated IT services performance rather than standalone results. IT services revenue was $2.61 billion, flat sequentially and up 0.6% year-on-year in constant currency, while operating margin improved to 16.5%, up 50 bps sequentially. Deal activity was healthy on paper, with $2.6 billion in total contract value and nine l…

Question 2

What were Wipro Limited's key financial metrics?

Accepted Answer

IT services revenue Q2 FY27: $2.61 billion (vs flat sequentially and +0.6% YoY in constant currency); Operating margin Q2 FY27: 16.5% (vs 16.0% in Q1 FY27); Total contract value Q2 FY27: $2.6 billion (vs prior quarter not quantified in transcript); Large deals signed Q2 FY27: 9 large deals (vs prior quarter not quantified in transcript)

Question 3

What were the highlights of Wipro Limited?

Accepted Answer

Three of Wipro’s four SMUs delivered sequential growth, with Americas 1 the only weak market because of client-specific issues and healthcare softness. BFSI returned to growth at 1.0% sequentially and 1.3% year-on-year, helped by consulting-led transformation wins and improving momentum in a delayed mega deal. Europe and APMEA were the strongest geographies, with Europe up 0.6% sequentially and 5.1% YoY, while APMEA rose 3.1% sequentially and 13% YoY. Consumer remained a bright spot, growing 2.…

Question 4

What is the outlook or guidance for Wipro Limited?

Accepted Answer

Formal guidance: Q3 FY27 IT services revenue growth is guided at -1.5% to +0.5% in constant currency. Management commentary: Q3 will be affected by seasonal furloughs and lower working days, which are expected to be broadly in line with last year. Management commentary: Delayed Q2 contract signings are expected to close in Q3, with management saying both deals will get signed.

Question 5

What are the key risks or concerns for Wipro Limited?

Accepted Answer

Q3 revenue will be hit by seasonal furloughs, which management explicitly baked into guidance. Healthcare in the US remains a drag because of policy changes, weaker membership growth, and margin pressure on payers. Net other income fell 68% sequentially after the buyback reduced investable surplus, pressuring reported net income by 5% sequentially.

Wipro Limited

Quarterly Results 16

Annual Reports 16

Concalls 36

Wipro Limited

Quarterly Results 16

Annual Reports 16

Concalls 36