According to an exchange filing from Wipro on Monday, the company will declare its financial results for the second quarter of FY27 on October 15, 2026. As reported by the IT firm, the board of directors will meet on October 14-15, 2026 to approve the Q2 FY27 earnings, with the financial results being announced after market hours. The company has implemented a trading window closure from September 16, 2026 until the close of October 17, 2026, in line with its Code of Conduct for Prevention of Insider Trading. The filing did not mention any news regarding a dividend declaration for the quarter.
For the second quarter ending September 2026, Wipro expects IT services revenue in the range of $2.574 billion to $2.627 billion, implying constant currency growth of -1.5% to +0.5% sequentially. The guidance was based on assumed exchange rates of GBP/USD at 1.34, EUR/USD at 1.16, AUD/USD at 0.71, USD/INR at 94.50 and CAD/USD at 0.71. Brokerages have provided mixed expectations for the quarter. Systematix Institutional Equities expects Wipro's constant currency revenue to decline 0.6% QoQ amid weak demand, pricing pressure and wallet-share losses in large accounts, though inorganic contribution from Alpha Net and a full quarter of Olam revenues should provide support. JM Financial expects Wipro to report -0.5% CC QoQ growth, with a 10-basis-point cross-currency impact translating into -0.6% USD growth.
According to market data, Wipro Ltd.'s share price has emerged as the worst performer among large-cap tech stocks, losing 39% of its value from the beginning of the year. On Monday, Wipro shares closed at ₹15.14 on the National Stock Exchange, gaining 1.75% for the day. The stock has witnessed a prolonged correction since February 2025, with the shares hitting their lowest level in six years on September 29, 2026. Over the last nine months, the stock ended five months in the red, with June recording the steepest monthly decline of 16.5%, followed by a 14% drop in September. The sharp decline has pushed the company's market capitalization below ₹1.61 lakh crore, with the stock down 32.72% on a year-on-year basis. According to NSE data as of October 5, 2026, the stock has hit a 52-week high of ₹273.10 on December 22, 2025, and a 52-week low of ₹156.79 on September 29, 2026.
According to reports from Reuters, Wipro is implementing a significant shift towards what Chief Technology Officer Sandhya Arun described as a 'human-AI operating model'. The company, which had approximately 243,000 employees in June, is leveraging artificial intelligence initiatives that are increasing productivity equivalent to the output of 20,000 employees. More than 100,000 employees have received advanced AI-related training and certifications, as stated by Arun in a recent interview. "It could be the same engineer managing a bunch of agents, deployed on other projects or being trained for some other role. It doesn't necessarily mean person-to-person replacement by an agent," she explained, emphasizing the strategic redeployment of workforce within the company.
For the June quarter, Wipro posted a consolidated net profit of ₹3,360 crore, down 4.7% QoQ but up 0.6% year-on-year. The company's IT services revenue in Q1 FY27 grew 1.8% quarter-on-quarter to ₹24,480 crore, up 10.6% year-on-year. Earnings per share for the quarter were ₹3.20, a decrease of 4.2% QoQ and an increase of 0.6% YoY. At the operating level, Wipro's IT services EBIT fell 5.7% to ₹3,919 crore, while EBIT margin contracted by 130 basis points QoQ to 16%, impacted by wage hikes, large-deal ramp-ups, acquisition integration, and continued AI investments. Operating cash flows were ₹3,290 crore ($348 million), an increase of 3.6% QoQ at 98.0% of net income. The company reported total bookings of $3.37 billion during the quarter, with large deal bookings rising 12.9% sequentially in constant currency to $1.63 billion, signing 13 large deals. Along with the earnings, Wipro's board approved an interim dividend of ₹2 per equity share of face value ₹2 each for FY27.
