Wipro Q1 FY27: revenue up 0.9% YoY, margins dip to 16%, guides flat Q2
WIPRO · price
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Wipro Q1 FY27 IT services revenue at $2.61B, up 0.9% YoY but down 1.2% QoQ. Margins fell 120 bps YoY to 16% on salary hikes, deal ramp-ups, and AI investments. Net income was INR33.6B, EPS INR3.2 (up 0.6%). Q2 guidance: -1.5% to +0.5% sequential in constant currency. Order bookings were $3.4B including 13 large deals worth $1.6B. Management aims to return to the 17 to 17.5% margin band but did not give a specific timeline. Board declared an INR2 interim dividend; over $3B returned to shareholders in the past year.
Margins under pressure from wage hikes and AI investments, but management targets a return to the 17-17.5% band. Near-term outlook cautious.