Why is Wipro share price trending today?
Wipro reported a 1.4% YoY decline in net profit and a 58.6% plunge in large‑deal bookings for Q2 FY27, raising concerns about growth momentum and driving interest in its share price.
What happened
- 15 Oct, 20:18 IST
Wipro announced Q2 FY27 results showing a 1.4% YoY profit drop to ₹3,201 cr and a 58.6% fall in large‑deal bookings, while revenue grew 9.1% YoY but fell 1.1% sequentially [1]
What you need to know
Profit fell 1.4% YoY to ₹3,201 cr.
Large‑deal bookings dropped 58.6% to $674 m.
Revenue rose 9.1% YoY but slipped 1.1% sequentially.
Operating margin improved slightly to 16.5%.
The exact impact of the results on Wipro's share price movement and investor sentiment remains unconfirmed.
Background
Wipro Ltd, a Bengaluru‑based IT services firm, posted mixed Q2 FY27 performance: revenue grew 9.1% YoY to ₹24,752.7 cr, but profit declined 1.4% YoY and 4.7% sequentially. The decline was driven by a sharp contraction in large‑deal bookings, which fell 58.6% in constant‑currency terms.
Despite the profit dip, the company highlighted progress in its AI‑native strategy and a modest expansion of operating margin to 16.5%. Workforce reductions and slower fresher onboarding were noted as part of routine realignment.
Questions people ask
What caused the profit decline?
A steep drop in large‑deal bookings, down nearly 59%, reduced overall earnings despite revenue growth.
Is Wipro's AI strategy helping the business?
The CEO said AI is a long‑term growth driver, but the immediate financial impact was limited in this quarter.
What are analysts saying?
Analysts noted stable delivery and regional strength, but highlighted the need to improve deal flow and hiring.
Where this came from
Found through Google Trends and drafted with AI from at least two cited sources. Published automatically after passing our automated checks for sources, wording and safety. It may not have been reviewed by a person yet. Report a correction.