Q1 2026 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) reported strong deal bookings worth $5 billion in total contract value, a growth of 51% year on year.
- The company secured 16 large deals, including two mega deals, reflecting strong momentum in vendor consolidation.
- IT services margin expanded by 80 basis points year on year to 17.3%, indicating improved operational efficiency.
- Capco, a part of Wipro Ltd (WIT), showed strong performance with a 6% year-on-year growth, driven by success in Latin America.
- Wipro Ltd (WIT) declared an interim dividend of INR5 per share, continuing its commitment to return cash to shareholders.
- IT Services revenue for Q1 declined by 2% sequentially and 2.3% year-on-year in constant currency terms.
- Europe faced significant headwinds with a 6.4% sequential and 11.6% year-on-year decline in revenue.
- The consumer sector, including retail and CPG, experienced a cautious mode with a 4% sequential and 5.7% year-on-year decline.
- The company anticipates margin pressure due to upfront investments required for large deal executions.
- Guidance for the next quarter indicates a potential revenue decline of up to 1% in constant currency terms.
Ladies and gentlemen, good day and welcome to Wipro Limited Q1 FY26 earnings call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Dipak Bohra, Senior Vice President, Corporate Treasurer, and Investor Relations. Thank you. And over to you, sir.
Yeah, thank you Yashashree. Warm welcome to our quarter one financial year 2026 earnings call. We'll begin the call with business highlights and overview by Srinivas Pallia, our Chief Executive Officer and Managing Director, followed by updates on financial overview by our CFO, Aparna Iyer. We also have our CHRO, Saurabh Govil, on this call. Afterwards, the operator will open the bridge for Q&A with our management team.
Before Srini starts, let me draw your kind attention to the fact that during this call we may make certain forward-looking statements within the meaning of Private Securities Litigation Reform Act 1995. These statements are based on
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