Bengaluru: Indian IT services giant Wipro reported a modest increase in revenue for the second quarter of the 2025–26 financial year, narrowly beating market expectations. The company posted consolidated revenue of ₹22,697 crore, marking a 1.8 percent year-on-year rise, supported by steady growth in its Americas One business, particularly in the communications and technology sectors.
Wipro’s net profit rose 1.2 percent year-on-year to ₹3,246 crore, though it fell slightly short of market projections. The results reflect the ongoing challenges faced by the global technology services industry, as clients continue to limit discretionary spending amid uncertain economic conditions.
The company’s operating margins were affected by a ₹116 crore provision linked to a customer bankruptcy, along with increased upfront costs related to new deal ramp-ups. Despite these pressures, Wipro maintained a stable margin profile, with IT services operating margin at around 17.2 percent for the quarter.
Sequentially, Wipro’s revenue rose by 2.5 percent, though net profit slipped 2.5 percent compared to the previous quarter. The company’s leadership said it continues to focus on optimizing costs and improving productivity while expanding its digital transformation capabilities.
In its outlook for the next quarter, Wipro projected IT services revenue in the range of $2.59 billion to $2.64 billion, representing a potential sequential growth of up to 1.5 percent in constant currency terms. The forecast excludes contributions from the recently acquired Harman Digital Transformation Solutions business, which is expected to strengthen future results.
Industry analysts noted that while Wipro’s performance shows resilience, growth remains subdued compared to larger peers such as TCS and Infosys. The company’s near-term challenge will be to convert its strong deal pipeline into sustainable revenue growth amid global spending caution.
With several large deals in the pipeline and strategic investments in artificial intelligence and cloud transformation, Wipro hopes to strengthen its position in a market where clients are increasingly focused on cost efficiency and digital acceleration. The company’s cautious optimism signals a slow but steady path toward recovery as it adapts to a changing global IT landscape.