{
  "id": 14685720,
  "title": "Wipro Q2 Results: Net profit declines marginally to Rs 3,201 crore, but revenue rises 9% YoY",
  "url": "https://urgent.news/2026/10/15/wipro-q2-results-net-profit-declines-marginally-to-rs-3-201-crore-but",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T10:44:57.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/information-tech/wipro-q2-results-net-profit-declines-2-yoy-to-rs-3201-crore-but-revenue-rises-9/articleshow/134965842.cms"
  },
  "original_language": "en",
  "account": "Wipro, the leading IT firm, disclosed on Thursday that its net profit for the second quarter of the fiscal year 2027 fell marginally by 1.4% year-on-year to Rs 3,201 crore. However, the company's revenue grew by 9.1% YoY to Rs 24,752.7 crore. Sequentially, revenue declined by 1.1%. The IT services segment's revenue increased by 0.3% YoY to $2,611.5 million, with non-GAAP constant currency terms showing a 0.6% YoY rise and flat performance on a sequential basis. Total bookings stood at $2,595 million, down 22.9% sequentially in constant currency terms, while large deal bookings decreased by 58.6% QoQ in constant currency terms to $674 million. The IT services operating margin in Q2FY27 was 16.5%, down by 0.2 percentage points YoY and up by 0.5 percentage points sequentially. Wipro's earnings per share rose 4.2% YoY to Rs 3.23, and operating cash flows were Rs 5,300 crore, which is 165.8% of net profit. The voluntary attrition rate was 13.8% on a trailing 12-month basis. For Q3FY27, Wipro anticipates IT services revenue between $2,571 million and $2,625 million, indicating a sequential growth range of -1.5% to 0.5% in constant currency terms. Wipro's CEO, Srini Pallia, highlighted that the company's strategic investments were starting to bear fruit by helping it gain new markets, acquire clients, and strengthen relationships.",
  "summary": "Wipro Q2 Results: Wipro reported a 1.9% year-on-year decline in Q2FY27 net profit to Rs 3,201 crore, while revenue rose 9.1% to Rs 24,752.7 crore. IT services revenue increased 0.3% to $2,611.5 million, while operating margin expanded 0.5 percentage points sequentially to 16.5%. The company expects IT services revenue to decline up to 1.5% or grow 0.5% sequentially in Q3FY27.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "India's Wipro beats second-quarter revenue expectations",
        "url": "https://urgent.news/2026/10/15/indias-wipro-beats-second-quarter-revenue-expectations",
        "published": "2026-10-15T10:26:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}