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Wipro's Q2FY27: Revenue up, but deal bookings fall
15 Oct
Summary
- Wipro's gross revenue grew 9.1% year-on-year to Rs 24,752.7 crore in Q2FY27.
- Total headcount declined by 6,716 employees in Q2FY27.
- AI featured prominently in strategic contract wins during the quarter.
Wipro reported a 9.1% year-on-year increase in gross revenue for Q2FY27, reaching Rs 24,752.7 crore. The IT services segment revenue grew by 0.6% year-on-year in constant currency. However, the company's total headcount decreased by 6,716 employees during the quarter, settling at 236,328.
Despite an overall 22.9% sequential decline in total deal bookings, Wipro highlighted significant strategic contract wins. Artificial intelligence was a key feature in these wins, with Wipro securing engagements for AI-powered platforms across various sectors, including banking, public services, life sciences, and energy.
The company provided a revenue guidance for Q3FY27 of $2.571 billion to $2.625 billion, suggesting a potential sequential growth of minus 1.5% to plus 0.5% in constant currency. This outlook indicates a continuing subdued growth environment for Wipro's IT services business.
