Wipro Q1 profit remains flat at Rs 3,352 crore; revenue rises 10.6 pc
IT major forecasts flat-to-slightly lower IT services revenue for Q2, declares interim dividend of Rs 2 per share as it highlights growing demand for AI-led business transformation
New Delhi, Jul 16 (PTI) IT major Wipro on Thursday posted a nearly flat consolidated net profit of Rs 3,352 crore in the April-June quarter of FY27.
The company had reported a net profit (attributable to equity holders of the company) of Rs 3,330.4 crore in the year-ago period, according to regulatory filing.
The company’s revenue from operations grew 10.6 per cent to Rs 24,478.6 crore in Q1 FY27, as compared to Rs 22,134.6 crore in Q1 FY26.
Sequentially, the profit declined 4.2 per cent while revenue inched up marginally by 1 per cent.
“Clients are moving beyond technology modernisation to AI-enabled operating models that improve quality, resilience, and productivity. Wipro’s consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner,” Wipro CEO and MD Srini Pallia said.
Wipro sees its IT Services business revenue between USD 2,574 million to USD 2,627 million for Q2, translating to sequential guidance of -1.5 per cent to +0.5 per cent.
The company’s board declared an interim dividend of Rs 2 per share.
“Including this dividend and payouts made over the past year, we would have returned more than USD 3 billion in cash to our shareholders while continuing to invest steadily for growth,” Wipro CFO Aparna Iyer said. PTI