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Earnings Call

Wipro Earnings Call: Key Takeaways

Wipro reported Q1 FY27 IT services revenue of $2.61 billion, down 1.2% sequentially but within guidance. Operating margins stood at 16% as management pivots to an AI-first strategy.

Highlights
Revenue growth0.9% YoY in constant currency.
Margins16% margin; headwinds from wages/investments; aiming for 17-17.5% band.
Order book$3.4 billion total bookings; $1.6 billion in 13 large deals.
Demand visibilityResilient macro but longer decision cycles and measured spending.
Management confidenceHigh on AI-led strategy and long-term BFSI recovery.

Growth

IT services revenue grew 0.9% YoY but declined 1.2% QoQ. EPS grew 0.6% YoY to INR 3.2.

Outlook

Q2 revenue guidance of -1.5% to +0.5% growth. Target margin band remains 17% to 17.5%.

Risks

Softness in Americas and healthcare verticals; macro uncertainty; margin pressure from salary hikes and AI investments.

Last quarter's promises, checked

Delivered

  • Q1 Revenue Guidance -2% to 0% → delivered -1.2% (= BEAT)
  • Maintain margins in narrow band → delivered 16% (= BEAT)
  • Complete buyback in Q1 FY27 → delivered INR 15,000cr buyback (= BEAT)

Partly delivered

  • BFSI recovery in Americas 2 by Q1 → delivered continued softness (= PARTIAL)

Missed

  • Target margin band 17% to 17.5% → delivered 16% (= MISS)
Source

Earnings Call filed with BSE, NSE: WIPRO. Summary written with AI assistance from the document.

Read the document ↗

Wipro Ltd: key numbers

Share price
₹164.02
Market cap
₹1,62,466 Cr
Revenue (annual)
₹92,624 Cr
Net profit (annual)
₹13,197 Cr
P/E (TTM)
12.3×Sector 22.1×
Promoter holding
72.59%-0.03% QoQ
FII holding
8.85%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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