Wipro Q2 Results: Net profit declines marginally to Rs 3,201 crore, but revenue rises 9% YoY

IT major Wipro on Thursday reported a 1.4% year-on-year decline in its net profit to Rs 3,201 crore in the second quarter of FY27 (Q2FY27), while it fell 4.7% sequentially from Q1FY27. The company’s gross revenue rose 9.1% year-on-year to Rs 24,752.7 crore in Q2FY27. On a sequential basis, revenue slipped 1.1%.Revenue from the IT services segment increased 0.3% year-on-year to $2,611.5 million.IT services segment revenue, in non-GAAP constant currency terms, rose 0.6% year-on-year, while it remained flat sequentially.Total bookings stood at $2,595 million, down 22.9% sequentially in constant currency terms. Large deal bookings declined 58.6% quarter-on-quarter in constant currency terms to $674 million.The IT services operating margin stood at 16.5% in Q2FY27, down 0.2 percentage points year-on-year, while it expanded 0.5 percentage points sequentially.Earnings per share rose 4.2% year-on-year to Rs 3.23 in Q2FY27.