Business news · AI & Tech · 16 Jul 2026
AI: India AI · Enterprise software · Wipro — more AI news
Wipro reported April-June IT services revenue of $2.61 billion, 1.0% higher than a year earlier but 1.4% lower than the previous quarter, and net profit of Rs 3,360 crore, up 0.6% on the year. Large deal bookings were $1.63 billion, up 12.9% sequentially in constant currency, while total bookings of $3.37 billion were 2.4% lower. Chief executive Srini Pallia said clients are moving from technology modernisation to AI-enabled operating models. The company guided September-quarter IT services revenue to $2.574 billion-$2.627 billion.
Wipro's numbers show AI-led deals being signed without yet lifting revenue: large deal bookings grew 12.9% to $1.63 billion, but IT services revenue fell 1.4% on the quarter to $2.61 billion and the guided range of $2.574-2.627 billion for the next quarter brackets roughly flat sales. The company gave no separate AI revenue figure in this report, unlike TCS and HCLTech, so the size of its AI business cannot be read from it.
Reported by Angel One — “Wipro Q1 FY27 Results: Revenue Rises 10.6% YoY, Net Profit Increases 0.6%” ↗ on 16 Jul 2026.
NSE stocks, from the last close on or before 16 Jul 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | -1.4% | 19 of 40 | +5.6 pts |
| All tracked stocks | 804 | -7.0% | 260 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Wipro Ltd. WIPRO | ₹177.74 | ₹174.05 | -2.1% |
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