WIWipro507685IT services

Wipro's ADR gained 3.9% and results beat on revenue and margins, though deal wins fell sharply quarter-on-quarter

By ScoutQuest · Fri 16 Oct 2026, 8:27 AM IST · 1 min read

Wipro ADR move

3.9 percent

Infosys ADR move

5.5 percent

EBIT margin expansion

50 basis points

Margin estimate

16 percent

Target margin range

17 to 17.5 percent

Heard on business television between 08:27:41 - 08:30:41 IST.

• Wipro ADR closed up 3.9% and Infosys ADR up 5.5%, though this may reflect broader market rally including Korean markets up 3%
• Constant currency revenue growth was flat, beating expectations of a decline; EBIT margins expanded 50 basis points versus estimates of 16%
• Management spoke of targeting margins of 17-17.5% but gave no timeline
• Q3 guidance was in line with estimates at -1.5% to +0.5%, implying de-growth at midpoint, as Q3 is seasonally weak
• Deal wins fell 59% quarter-on-quarter and 30-40% year-on-year; management attributed this to deals shifting to Q3, with two large deals in the process of being signed
• Management (in interview) said headcount was flattish year-on-year, campus hiring will pick up in H2 and more in Q4, utilization can improve, and intent is to hire 7,500 freshers annually though not achievable this fiscal

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