Event Type: Q2 FY27 Earnings Conference Call held on October 15, 2026. The call duration was 45 minutes and included a Q&A session with management.

Management Participants:

  • Mr. Srini Pallia – Chief Executive Officer and Managing Director
  • Ms. Aparna Iyer – Chief Financial Officer
  • Mr. Saurabh Govil – Chief Human Resources Officer
  • Mr. Abhishek Jain – Vice President, Corporate Treasurer and Head, Investor Relations

Financial Performance Highlights:

  • IT Services Revenue: $2.61 billion (flat sequentially, +0.6% YoY constant currency)
  • Operating Margin: 16.5% (50 bps improvement sequentially)
  • Net Income: INR 32 billion (down 5% sequentially)
  • EPS: INR 3.23 (up 0.9% sequentially, +4.2% YoY)
  • Operating Cash Flow: 166% of net income
  • Gross Cash: $4.6 billion as of September 30, 2026

Geographic Performance (Constant Currency):

  • Americas 1: -2.1% QoQ, -2.7% YoY (softness in healthcare)
  • Americas 2: +0.9% QoQ, -4.7% YoY (driven by EMR and BFSI)
  • Europe: +0.6% QoQ, +5.1% YoY (broad-based growth)
  • APMEA: +3.1% QoQ, +13% YoY (strong traction)

Sector Performance (Constant Currency):

  • BFSI: +1% QoQ, +1.3% YoY
  • Consumer: +2.6% QoQ, +6% YoY
  • Energy, Manufacturing & Resources: +1% QoQ, -6% YoY
  • Technology & Communications: -2.6% QoQ, +7% YoY
  • Health: -3.8% QoQ, -6.5% YoY

Deal Wins & Pipeline:

  • Total Contract Value: $2.6 billion
  • Large Deals Signed: 9
  • Pipeline described as "very robust" for Q3 and beyond
  • Two large deals from Q2 slipped to Q3 due to paperwork delays

Strategic Updates:

  • AI Native Unit has over 2,000 engineers including forward deployed engineers
  • Investing in five AI growth themes: AI data centers, AI foundry services, physical AI, AI devices, and design-to-manufacturing
  • HARMAN DTS acquisition boosting engineering capabilities
  • Mindsprint strengthening position in food and agriculture
  • Consulting-led strategy originating larger opportunities

Guidance & Outlook:

  • Q3 FY27 IT Services Revenue Guidance: -1.5% to +0.5% sequential growth in constant currency
  • Revenue range: $2.571 billion to $2.625 billion
  • Guidance factors in seasonal furloughs and lower working days
  • Management expressed optimism about Q4 outlook based on strong pipeline

Compliance Statement:

The conference included standard forward-looking statements disclaimer under the Private Securities Litigation Reform Act of 1995. No specific UPSI disclaimer was mentioned in the transcript.

Additional Notes Section

Attachments: The transcript was filed along with the regulatory disclosure. The audio recording is available on Wipro's investor relations website at https://www.wipro.com/investors/quarterly-results/.

Financial Data: Comprehensive financial data was disclosed during the call, including revenue breakdowns by geography and sector, margin performance, and guidance metrics.