Wipro Limited has informed the Exchange about Transcript of the Analyst / Institutional Investor Meeting held on July 17, 2025. The audio recording of the same is available at https://www.wipro.com/investors/quarterly-results/.
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Wipro filed the transcript of its Q1 FY'26 earnings call held on July 17, 2025. IT services revenue came in at $2.59 billion, down 2% sequentially in constant currency, within the guided range. Operating margin stood at 17.3%, expanding 80 basis points year-on-year. Net income grew 10.9% YoY to INR 3.2 EPS even after absorbing a INR 246 crore one-time restructuring charge in Europe. Total contract value (TCV) bookings hit $5 billion, up 51% YoY, with large deal bookings of $2.7 billion more than doubling YoY, including 2 mega deals out of 16 large wins. The Board declared an interim dividend of INR 5 per share. Management guided Q2 FY26 IT services revenue to $2.56–$2.61 billion, implying -1% to +1% sequential growth in constant currency.
Strong large-deal momentum and AI-led wins should support H2 growth, but management flagged that upfront investments on mega deals will create margin pressure, with the 17%-17.5% band reaffirmed aspirational rather than guided. Europe remains weak but client-specific issues are largely resolved and the Phoenix deal should aid Q3.