Q2 2026 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) reported IT services revenue of $12.6 billion with a sequential growth of 0.3% in constant currency.
- The company's adjusted operating margin improved to 17.2%, a 0.4% increase compared to the same period last year.
- Wipro Ltd (WIT) closed $1.47 billion in total contract value this quarter, signing 30 large deals, including two mega deals in healthcare and BFSI.
- The company is seeing strong momentum in Europe, with strategic multi-year partnerships in the UK and Europe driving modernization and efficiency.
- Wipro Ltd (WIT) introduced 'Wipro Intelligence', a unified suite of AI platforms and solutions, enhancing their consulting approach and delivering measurable outcomes for clients.
- Revenue declined 2.6% year on year in constant currency terms.
- Operating margins contracted by 60 basis points quarter on quarter, impacted by a one-off charge due to a client bankruptcy.
- America's 2 region saw a decline of 2% sequentially and 5% year on year.
- The consumer, energy, and manufacturing sectors are impacted by tariff uncertainties, leading to supply chain re-evaluations.
- The healthcare sector, despite being a strong performer, is undergoing structural changes, posing challenges.
Ladies and gentlemen, good day and welcome to Viro Limited Q2 F 526 earnings conference call.
As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call, please signal an operator by pressing and 0 on your touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhishek Jain, Vice President, corporate treasurer and head of investor relations.
Thank you and over to you.
()
Yeah, thank you, Yasushiri.
Warm welcome to our Q2 F 526 earnings call. We will begin the call with the business highlights and overview by Shiniva Sala, our Chief Executive Officer and managing director, followed by updates on financial overview by our CFO Aparna.
We also have CHRO Soil and our chief strategist and
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