Wipro Q1 FY27 results: IT revenue dips, margins contract
WIPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty 100 and 0.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Wipro reported Q1 FY27 results. IT services revenue was $2.61 Bn, down 1.4% QoQ and up only 1.0% YoY (0.9% in constant currency). Total bookings fell 2.4% QoQ to $3.37 Bn, though large deal bookings rose 12.9% QoQ CC to $1.63 Bn including 13 large deals. IT services operating margin shrunk to 16.0% from 17.2% last quarter, down 1.3% QoQ. Net income rose 0.6% YoY to Rs 33.6 Bn but fell 4.7% QoQ. EPS at Rs 3.20. Operating cash flow healthy at 98% of net income. Interim dividend of Rs 2 per share declared. Q2 guidance of $2.57 to $2.63 Bn implies -1.5% to +0.5% sequential growth in CC.
Flat YoY growth and shrinking margins may weigh on sentiment. Soft Q2 guidance at -1.5% to +0.5% sequential adds pressure. Dividend offers limited support.