Wipro Ltd(WIPRO)

NSE: WIPROBSE: 507685

₹ 189-0.40%refreshed 26 Oct, 03:57 pm ISTMarket cap: ₹ 1.87 L crWebsite: www.wipro.comUpdated: 24 Oct 2026

About

Wipro Limited is a global IT services and consulting company that delivers technology transformation, managed services, engineering and AI-powered solutions to enterprises worldwide. For FY26 the company reported revenue of INR 92,624 crore and IT services revenue of $10.5 billion. As of FY25 it had over 230,000 employees across 65 countries, and exports made up 97.7% of turnover. It reports four geographic segments: Americas 1, Americas 2, Europe and APMEA.^[1][2]

Business segments

Americas 1: 32.9% of FY26 revenue (INR 30,557.1 cr), EBIT margin 20.6%. It is Wipro's largest geographic segment.^[3]
Americas 2: 29.0% of FY26 revenue (INR 26,907.7 cr), EBIT margin 19.7%.^[3]
Europe: 26.3% of FY26 revenue (INR 24,416.5 cr), EBIT margin 12.7%. In Q2 FY27 it grew 0.6% QoQ and 5.1% YoY.^[3][4]
APMEA: 11.0% of FY26 revenue (INR 10,234.0 cr), EBIT margin 14.6%. In Q2 FY27 it grew 3.1% QoQ and 13% YoY.^[3][4]
IT and IT-enabled services made up 99.7% of turnover in FY25. The IT Products segment, which resells third-party products, saw revenue fall 34.77% in FY25.^[2]

Services and operations

From April 1, 2025, Wipro realigned into four Global Business Lines: Consulting, Technology Services, Engineering and Business Process Services.^[2]
As of FY25, Wipro operated 60 national offices and 171 international offices, with no plants.^[2]
Its subsidiaries include Capco, a financial services consulting business that grew 6.6% in FY25, and Designit, its global design, advertising and marketing business.^[2]
In FY25, 204,716 employees were trained in GenAI basics and 87,830 gained advanced AI skills.^[2]

Key operating numbers

IT services revenue was $2.61B in Q2 FY27, flat QoQ and up 0.6% YoY in constant currency. Three of four segments grew sequentially.^[4]
Operating margin was 16.5% in Q2 FY27, up 0.5% sequentially.^[4]
Total contract value (TCV) of deal wins was $2.6B in Q2 FY27 across 9 large deals, compared with $3.4B in Q1 FY27, which included 13 large deals.^[4][5]
Headcount fell by more than 6,500 in Q2 FY27 and was flattish YoY.^[4]
Operating cash flow was 166% of net income in Q2 FY27.^[4]
Full-year FY26 IT services revenue was $10.5B, down 1.6% YoY in constant currency.^[6]
Voluntary attrition (trailing twelve months) was 14.2% in Q3 FY26 and 14.9% in Q2 FY26.^[7]

Industry verticals

BFSI grew 1% QoQ and 1.3% YoY in constant currency in Q2 FY27. A previously delayed mega deal has started to ramp up.^[4]
Consumer grew 2.6% QoQ and 6% YoY in Q2 FY27, helped by the Olam deal.^[4]
Technology & Communications fell 2.6% QoQ but grew 7% YoY in constant currency in Q2 FY27.^[4]
Health fell 3.8% QoQ and 6.5% YoY in Q2 FY27, which management attributed to US policy changes.^[4]
Energy, Manufacturing & Resources (EMR) grew 1% QoQ but fell 6% YoY in constant currency in Q2 FY27.^[4]

Customers and large deals

As of FY25, Wipro worked with 8 of the top 10 semiconductor firms.^[2]
In FY25, customer satisfaction (CSAT) scores rose 3.5% to 87%, and Net Promoter Score (NPS) rose by 640 bps.^[2]
In Q4 FY26, Wipro signed a deal with Olam Group worth more than $1B in contract value, with $800M of committed spend.^[6]
Management expected two deals that slipped in Q2 FY27 to be signed in Q3 FY27.^[4]

AI platforms and services

Wipro launched 'Wipro Intelligence' in Q2 FY26. The suite includes the WeGA and Wings delivery platforms and more than 200 industry AI agents and platforms.^[8]
In Q4 FY26, Wipro formed a dedicated AI-native business and platforms unit with its own leadership. By Q2 FY27 it had more than 2,000 engineers, including forward deployed engineers (FDEs).^[6][4]
Management said it is accelerating investment in five AI themes: AI data centers, AI foundry, physical AI, AI devices and design-to-manufacturing (Q2 FY27).^[4]
In Q1 FY27, Wipro launched an Applied AI Center of Excellence for Anthropic's Claude models.^[5]

Acquisitions and corporate structure

Wipro completed its acquisition of HARMAN Digital Transformation Solutions (HARMAN DTS) in Q3 FY26. The business added 0.8% in constant currency to Q3 FY26 IT services revenue.^[7]
Wipro completed its acquisition of Mindsprint in Q1 FY27, deepening its relationship with Olam Group.^[5]
Wipro completed the acquisition of selected customer contracts from Alpha Net Consulting LLC on October 1, 2026.^[9]
Wipro VLSI Design Services, LLC was merged into Wipro IT Services, LLC effective October 1, 2026. The VLSI unit had turnover of USD 1,043,971 as of March 31, 2026.^[10]
The economic interest in about two-thirds of Wipro's ownership is irrevocably earmarked for the Azim Premji Foundation (FY25).^[2]

Outlook

Q3 FY27 IT services revenue is guided at $2.571B to $2.625B, a change of -1.5% to +0.5% QoQ in constant currency. Management said furloughs will affect the quarter.^[4]
Management aims to return to a 17-17.5% operating margin band but has given no timeline (Q2 FY27).^[4]
Campus hiring is expected to resume in H2 FY27.^[4]

Market Cap

₹1,87,209 Cr

High / Low

₹273 / 157

Stock P/E

14.7

Price / Book

2.5

Book Value

₹84

EPS

₹12.6

No. of Shares

1,048.84 Cr

ROCE

17.9%

ROE

15.5%

OPM

19.5%

Debt / Equity

0.19

Sales

₹92,624 Cr

Net Profit

₹13,266 Cr

Promoter holding

72.6%

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Wipro Ltd(WIPRO)

About

Business segments

Services and operations

Key operating numbers

Industry verticals

Customers and large deals

AI platforms and services

Acquisitions and corporate structure

Outlook

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