Wipro Books $4.97 Billion In Q1 Orders, Guides For Revenue Dip In Q2 FY26

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Wipro Ltd has reported robust order bookings of $4,971 million for the first quarter of FY26, reflecting strong client engagement and large deal momentum. However, the company has issued a cautious revenue outlook for the second quarter, citing macroeconomic headwinds and client spending delays.

Key Highlights From Q1 Performance

- Total bookings rose 13.4 percent quarter-on-quarter in constant currency
- Large deal bookings reached $1.76 billion, up 48.5 percent year-on-year
- The company closed Q1 with two mega deal wins and growth in top accounts
- Net income for Q1 stood at ₹3,570 crore, a 6.4 percent sequential increase

Q2 FY26 Revenue Guidance

- Wipro expects IT services revenue to range between $2,560 million and $2,612 million
- This translates to a sequential decline of 3.5 percent to 1.5 percent in constant currency terms
- The guidance reflects cautious client sentiment amid global uncertainties, including tariff shifts and inflationary pressures

Strategic Focus And Outlook

- CEO Srini Pallia emphasized continued investment in AI, consulting, and global talent
- The company aims to maintain operating margins within a narrow band despite revenue softness
- Wipro remains focused on long-term growth through platform-led deals and digital transformation initiatives

Sources: Fortune India, Upstox, Moneycontrol, Rediff Business, Wipro Investor Relations, Economic Times