Wipro Q2 profit slips 1.4%; large deals plunge 59%
Wipro reported a 1.4% decline in Q2 net profit and a significant 59% drop in large deal bookings, despite a rise in gross revenue. The company remains focused on AI as a long-term growth driver for business transformation.
Why it matters
The performance of major IT firms like Wipro serves as a bellwether for the health of the global IT services sector and the impact of AI integration.
Wipro Q2 profit slips 1.4%; large deals plunge 59% left A man walks past Wipro's logo inside its premises in Bengaluru, India. Reuters Reuters https://th-i.thgim.com/public/incoming/of538s/article71589032.ece/alternates/FREE_1200/2026-09-10T093609Z_1592253986_RC266GA93PL0_RTRMADP_3_WIPRO-AI.JPG PRIYANSHU SINGH FILE PHOTO: A man walks past Wipro's logo inside its premises in Bengaluru, India, August 13, 2025. REUTERS/Priyanshu Singh/File Photo We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation, says Srini Pallia Bengaluru Wipro Ltd reported a 1.4% year-on-year (YoY) decline in net profit to ₹3,201 crore in Q2 FY27, while it fell 4.7% sequentially, amid a sharp contraction in large deal bookings and flat constant-currency revenue growth. The Bengaluru-based IT services company’s gross revenue rose 9.1% year-on-year to ₹24,752.7 crore but declined 1.1% sequentially. Total project bookings stood at $2,595 million, down 22.9% sequentially in constant currency terms. Large deal bookings plunged 58.6% to $674 million.
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