Wipro Limited — Q1FY27 earnings call summary

Filed 17 July 2026 · Official transcript

New AI services expected to be margin accretive; traditional deals face margin pressure
Q1 FY27 IT services revenue $2.61bn +0.9% y-y, -1.2% q-q; margin 16%, down 120 bps y-y
Margin impacted by salary hikes, ramp-up of deals, AI investments; target 17-17.5% band
Q2 guidance: sequential growth -1.5% to +0.5% constant currency
BFSI growth mixed; AI reinvestment driving new transformation projects
Americas soft; BFSI and consumer sectors gaining momentum; Europe and APMEA show growth
Order bookings $3.4bn with $1.6bn in 13 large deals
AI-driven strategy: consulting-led, AI-powered with new AI-native unit and WINGS platform