Wipro Q1 results show 130% surge in year-over-year large bookings.

Wipro's Q1 results showed a 130% YoY surge in large deal bookings. The company reported gross revenue of $2.58B, with a 4% increase in the stock price during early market action. Wipro's results demonstrate strong growth in its technology services and consulting business.

Title: Wipro's Q1 Results Show 130% YoY Surge in Large Deal Bookings

India's fourth-largest IT services company, Wipro, reported a significant surge in large deal bookings in its first quarter of FY26. The company's gross revenue reached $2.58 billion, a 4% increase from the previous quarter, while its stock price saw a 4% rise during early market action. These results underscore Wipro's strong performance in its technology services and consulting business.

Wipro's net profit for the quarter stood at Rs 3,330 crore, marking a 10.9% year-over-year (YoY) increase. The company's revenue from operations rose marginally by 0.7% to Rs 22,134 crore, compared to Rs 21,963 crore in the year-ago period [1]. Despite a 1.6% quarter-over-quarter (QoQ) decline in gross revenue, the company reported a 130% YoY increase in large deal bookings, reaching $2.67 billion [2].

Wipro's CEO, Srini Pallia, attributed the muted growth to macroeconomic uncertainty and clients prioritizing efficiency and cost optimization. However, he noted that the company secured 16 large deals, including two mega deals, which contributed to the strong deal pipeline [3]. The company's operating margins for the IT services segment stood at 17.3%, an 80 basis point improvement year-on-year [1].

The company's revenue guidance for the second quarter of FY26 is expected to range between -1% to +1% in constant currency terms. Wipro has also declared an interim dividend of Rs 5 per share for the financial year 2025-26, with the record date set for July 28 and payment expected by August 15, 2025 [1].

Wipro's results demonstrate a strong focus on Artificial Intelligence (AI) and large deal wins, which will likely drive future growth. The company's optimism is supported by a robust order book and healthy pipeline, despite the challenging macroeconomic environment [3].

References
[1] https://m.economictimes.com/markets/stocks/earnings/wipro-q1-results-cons-pat-rises-11-yoy-at-rs-3330-crore-dividend-declared-at-rs-5/share/articleshow/122633953.cms
[2] https://www.cnbctv18.com/market/wipro-adr-up-4-pc-after-q1-results-meet-expectations-healthy-deal-momentum-ws-l-19638992.htm
[3] https://www.techcircle.in/2025/07/17/wipro-reports-muted-q1-growth-despite-big-tech-deal-wins-ai-focus