Wipro to announce Q2 and H1 FY27 results on October 15

The company has closed its trading window for designated persons from September 16, 2026, until the close of business on October 17, 2026, in compliance with regulatory norms ahead of the earnings announcement.

For Q2 FY27, Wipro expects IT services revenue to range between $2.574 billion and $2.627 billion, which translates to constant currency growth of -1.5% to +0.5% on a sequential basis.

Analysts from Systematix Institutional Equities project a 0.6% QoQ decline in constant currency revenue, citing weak demand, pricing pressure, and wallet-share losses in large accounts, though they note some support from inorganic contributions from Alpha Net and a full quarter of Olam revenues. They expect EBIT margin to expand by 20 basis points QoQ due to lower integration costs and the absence of wage-revision impact, and forecast -2% to 0% QoQ constant currency growth for Q3 FY27E, with large-deal TCV around $0.8 billion.

JM Financial anticipates -0.5% constant currency QoQ growth, with a 10-basis-point cross-currency impact leading to -0.6% USD revenue growth. They estimate an inorganic contribution of 80 basis points from Mindsprint and Alpha Net (40 bps each), expect margin improvement as wage hikes are behind, and see operational efficiencies as a tailwind, while business investments and acquisitions remain headwinds. They also expect TCV to align with past quarters and constant currency guidance for Q3 FY27 at -1.5% to +0.5%.

In Q1 FY27, Wipro reported a consolidated net profit of ₹3,352 crore, down 4.2% sequentially, with IT services revenue at ₹24,453 crore, up 1.8% QoQ but down 1.2% in constant currency terms. IT services EBIT fell 5.7% to ₹3,919 crore, and EBIT margin contracted by 130 basis points QoQ to 16%, impacted by wage hikes, large-deal ramp-ups, acquisition integration, and continued AI investments.

During Q1 FY27, Wipro recorded total bookings of $3.37 billion, with large deal bookings rising 12.9% sequentially in constant currency to $1.63 billion, backed by 13 large deals signed in the quarter.

Over the past nine months, Wipro’s stock has underperformed significantly, ending five months in the red, including a 16.5% drop in June and a 14% decline in September. The stock has lost 38% of its value so far this year, making it the worst performer among large-cap tech stocks, with market capitalization falling below ₹1.6 lakh crore.

The last time Wipro saw a comparable annual decline was in 2008 (55%) and 2022 (45%).