Wipro Q2 net profit slips as revenue rises 9.1%
In short
Wipro said its Q2FY27 net profit fell 1.4% to Rs 3,201 crore, while revenue rose 9.1% to Rs 24,752.7 crore. IT services revenue increased 0.3% to $2,611.5 million, and operating margin improved to 16.5%.
This matters because investors will watch whether Wipro can keep margins up while growth stays uneven. The company also said Q3FY27 IT services revenue could fall up to 1.5% or rise 0.5%, so the near-term outlook is not clear.
What the reporting says
Wipro reported Q2FY27 results, with net profit falling 1.4% year on year to Rs 3,201 crore while revenue rose 9.1% to Rs 24,752.7 crore. The company also said IT services revenue rose 0.3% to $2,611.5 million and operating margin expanded 0.5 percentage points sequentially to 16.5%. It guided Q3FY27 IT services revenue to decline up to 1.5% or grow 0.5%, leaving the near-term outlook uncertain.
Why it matters
Wipro reported Q2FY27 results, showing net profit of Rs 3,201 crore, down 1.4% year on year, while revenue rose 9.1% to Rs 24,752.7 crore. IT services revenue reached $2,611.5 million, up 0.3%, and operating margin improved to 16.5% sequentially. The results matter for Wipro shareholders and the wider Indian IT market because the company also guided Q3FY27 IT services revenue to a narrow range, signaling an uncertain near-term demand outlook.