WIWipro507685Information technology services

Wipro reported Q2 results with revenue in line but profit missing estimates, and issued muted Q3 growth guidance

By ScoutQuest · Fri 16 Oct 2026, 7:36 AM IST · 1 min read

CC growth QoQ

0 percent

Expected CC de-growth

1.1 percent

BFSI growth

1 percent

Deal booking

2.6 billion dollars

Previous quarter deal booking

3.3 billion dollars

Heard on business television between 07:45:23 - 07:48:23 IST.

• CC growth came in flat (0%) on QoQ basis versus expected de-growth of 1.1%, a slight positive.
• America's geography remained weak, but BFSI, the biggest segment, stabilized with 1% growth after weak quarters.
• Total deal booking fell to $2.6 billion from $3.3 billion, down nearly 23%, with large deal booking down 59% QoQ due to deal slippages; management expects recovery in Q3.
• Q3 CC growth guidance given at -1.5% to +0.5%, seen as slightly positive despite a traditionally weaker quarter.
• Revenue up 1%, EBITDA up 4.1%, margin up 46 bps in line with estimates, net profit down 4.5%.
• Jefferies maintained an underperform rating but hiked target price to Rs 155 from Rs 150, citing weak growth outlook and 45% decline in deal wins as overhangs, though favorable forex and FY27-29 EPS CAGR of 4.5% made risk-reward attractive.

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