Wipro Limited — Q2FY27 earnings call summary

Filed 16 October 2026 · Official transcript

Q2 FY27 IT services revenue $2.61bn, flat sequentially, +0.6% y-y CC; operating margin 16.5%, +50 bps q-q
Multiple analyst queries on deal pipeline strength and margin outlook; management optimistic on growth and margin improvement
Q3 revenue guidance: -1.5% to +0.5% sequential growth CC, impacted by seasonal furloughs
Health vertical impacted by US policy changes; cost pressures creating outsourcing opportunities
Deal wins $2.6bn TCV with 9 large deals; some contract signings delayed to Q3
BFSI sector growth 1% q-q, 1.3% y-y; strong pipeline with consulting-led AI transformation deals
Americas 2, Europe, APMEA SMUs grew sequentially; Americas 1 declined due to client-specific issues
AI investments driving new growth avenues: AI native unit, AI data centers, physical AI, AI foundry