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Bengaluru-headquartered IT major Wipro on Thursday reported a net profit of Rs 3,330 crore for the quarter ended June 30, marking a 6.7 per cent quarter-on-quarter decline that was still less severe than what analysts had anticipated. Its revenue declined 1.6 per cent sequentially to Rs 22,135 crore, according to a regulatory filing. The top-line beat Street estimates.  

According to Zee Business research, Wipro was estimated to log a net profit of Rs 3,076 crore with revenue of Rs 21,858 crore for the first quarter of FY26.

In dollar terms, the IT firm's quarterly revenue declined 2.0 per cent to $2,581.6 million. 

In constant current terms, its revenue declined 2.3 per cent on a year-on-year basis, it said in a statement.

Revenue from the IT services segment remained largely steady at $2,587.4 million for the June quarter from $2,596.5 million for the previous three months.  

Wipro's bookings grew 25.7 per cent to $4,971 million for the quarter ended June 30.

“In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimization. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals," said Srini Pallia, CEO and Managing Director, Wipro. 

Building on the momentum from last quarter and supported by a strong pipeline, Wipro is well positioned for the second half of the financial year, said Pallia.

"AI is no longer experimental - it’s central to our clients’ strategies, and we are delivering real impact at scale," said Pallia. 

Wipro said it expects its IT services revenue to be in the range of $2,560 million to $2,612 million for the next quarter, translating to sequential growth ranging from -1.0 per cent to 1.0 per cent in constant currency.

The company said its IT services operating margin stood at 17.3 per cent for Q1. That marked 20-basis-point decrease from the previous quarter's reading. 

“We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123 per cent of our net income," said Aparna Iyer, Chief Financial Officer, Wipro.

Wipro said that voluntary attrition stood at 15.1 per cent on a trailing 12-month basis, marking a slight shift from 15.0 per cent the previous quarter. 

The IT firm announced a dividend of Rs 5 per equity share.

Iyer said that with the latest dividend, Wipro's total cash returned to shareholders amounts to more than $1.3 billion in six months.  

Earlier on Thursday, Wipro shares ended 0.9 per cent lower at Rs 260.3 apiece on BSE amid overall weakness in the IT basket.

The Nifty 50 declined 0.4 per cent while the Nifty IT slumped 1.4 per cent, dragged by selling pressure in stocks like Infosys and Tech Mahindra. 

Here's how Wipro has performed over the past few months, in comparison to headline and sectoral gauges: 

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