Wipro (WIPRO) investor relations material

Executive summary

• IT services revenue for Q1 FY27 was $2.61 billion, up 1.0% year-on-year and down 1.2% sequentially, with Americas soft and Europe/APMEA showing growth.

• Operating margin was 16%, down 1.2% year-on-year, impacted by salary increases, deal ramp-ups, and AI investments.

• Net income for the quarter was $354.6 million, up 0.6% year-on-year, with EPS at $0.031.

• Order bookings totaled $3.37 billion, with 13 large deals contributing $1.6 billion and large deal bookings up 12.9% sequentially.

• AI and digital transformation remain central to client engagements and strategic direction.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was ₹244,786 million, up from ₹221,346 million in Q1 FY26.

• Net income for the quarter was INR 33.6 billion, EPS at INR 3.2, both up 0.6% year-on-year.

• Operating cash flow was 98% of net income; gross cash including investments stood at INR 4.3 billion.

• Free cash flow for the quarter was INR 29,617 million, 88.2% of net income.

• Interim dividend of INR 2 declared; over $3 billion returned to shareholders in the past year.

Outlook and guidance

• Q2 FY27 IT services revenue guidance: $2.574–$2.627 billion, translating to -1.5% to +0.5% sequential growth in constant currency.

• Management remains cautious due to macro uncertainty and geopolitical instability.

• Margin recovery expected to be gradual, with continued investment in AI and productivity levers.

• Management and auditors confirmed the company’s ability to continue as a going concern, with no material uncertainties disclosed.