Wipro has released its Q2 FY26 financial results, reporting modest profit growth, improved employee retention, and a surge in large deal bookings.
The company’s performance reflects operational stability and strategic focus on AI-led transformation, despite global macroeconomic challenges.
Wipro Financial Results: Revenue Beats Estimates, Profit Marginally Up
Wipro reported revenue of ₹22,697 crore for Q2 FY26, a 1.8% increase year-on-year from ₹22,302 crore in Q2 FY25 and a 2.53% rise sequentially from Q1 FY26.
The net profit stood at ₹3,246 crore, up 1.2% YoY from ₹3,227 crore in Q2 FY25 but down 2.5% from Q1 FY26.
The IT services segment revenue dipped 2.1% YoY to $2,604.3 million, indicating pressure on pricing and delivery costs.
Despite this, Wipro raised its revenue guidance for the full fiscal year, citing strong demand in digital transformation and AI services.
Headcount and Attrition: Workforce Stabilizes
Wipro’s total headcount rose by over 2,000 employees in Q2 FY26, reaching approximately 235,000.
This marks a recovery from Q1 FY26, where headcount had dropped by 114 employees to 233,232.
The attrition rate declined to 14.9% in Q2 FY26, down from 15.1% in Q1 FY26 and significantly lower than Q2 FY25’s 17%+ levels.
The drop in attrition reflects improved employee engagement and retention strategies, including internal mobility and career development programs.
Wipro New Partnerships and Deal Bookings Surge
Wipro reported large deal bookings worth $2.85 billion, a 90.5% increase YoY in constant currency. Total bookings stood at $4.69 billion, up 30.9% YoY.
These deals span sectors such as financial services, retail, and healthcare, with a strong focus on AI, cloud, and cybersecurity.
CEO Srini Pallia emphasized that the company’s growth is being driven by “AI-led transformation and resilience,” positioning Wipro as a strategic partner for global enterprises.
Hiring Plans: Focus on Local Talent and Strategic Roles
Wipro reiterated its commitment to local hiring, especially in the United States, where 80% of its workforce is now local.
This strategy helps mitigate the impact of the recent H-1B visa fee hike.
The company is also expanding lateral hiring in India, targeting niche roles in engineering and enterprise services.
Campus hiring continues for digital specialist roles, with senior employees participating in recruitment drives to ensure quality intake.
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