Wipro Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Wipro reported Q1 FY27 IT services revenue of $2.61 billion, up 0.9% year-on-year in constant currency but down 1.2% sequentially, with IT services margin at 16%, down 1.2% year-on-year. Management attributed the margin decline to salary increases, ramp-up of large deals, and AI investments, partially offset by rupee depreciation. For Q2 FY27, the company guided to sequential revenue growth of -1.5% to +0.5% in constant currency terms.
Wipro reported Q4 FY26 IT Services revenue of $2.65 billion, roughly flat sequentially and down 0.2% year-on-year in constant currency, with an operating margin of 17.3%. Management highlighted large deal wins including a strategic engagement with the Olam Group and a vendor consolidation deal, alongside continued softness in the Americas 2 BFSI segment due to client-specific issues and delayed ramp-ups. The Board approved a share buyback of INR15,000 crores at INR250 per share, and management guided Q1 FY27 revenue to a sequential range of minus 2% to 0% in constant currency.