The company’s revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% from Rs 22,302 crore in the corresponding quarter of the previous financial year.
Q3FY26 guidance
The company expects revenue from its IT Services business segment to be in the range of $2,591 million to $2,644 million, translating to sequential guidance of -0.5% to +1.5% in constant currency terms.
The guidance above does not include any expected revenue from the recently announced acquisition of Harman Digital Transformation Solutions, according to the company’s filing with the exchanges.
Wipro’s net profit fell 2.5% sequentially to Rs 3,246 crore, compared with Rs 3,330 crore in Q1 FY26, while its topline rose 2.5% over the April-June quarter to Rs 22,697 crore, up from Rs 22,135 crore.
The company’s gross revenue in dollar terms stood at $2,556.6 million. Revenue from the IT Services segment was $2,604.3 million, up 0.7% QoQ but down 2.1% YoY. Non-GAAP constant currency IT Services segment revenue increased 0.3% QoQ and declined 2.6% YoY.
Deals
Total bookings were reported at $4,688 million, down 6.1% QoQ but up 30.9% YoY in constant currency. Large deal bookings stood at $2,853 million, up 6.7% QoQ and 90.5% YoY in constant currency.IT Services operating margin for Q2 FY26 was 16.7%, impacted by a provision of Rs 116.5 crore ($13.1 million) related to a customer bankruptcy. Adjusted for this event, the IT Services margin for the quarter was 17.2%, representing a 0.1% QoQ contraction and a 0.4% YoY expansion.
Wipro’s operating cash flow stood at Rs 3,390 crore ($381.5 million), down 17.6% QoQ and 20.7% YoY, and accounted for 103.8% of net income for the quarter.