Wipro Q2 Results: Profit falls 2%, Q3 outlook muted – 5 key takeaways

Wipro reported a 1.9% year-on-year(YoY) decline in consolidated net profit to Rs 3,199.7 crore in Q2FY27. Sequentially also the net profit fell 4.67%. However, India’s fourth-largest IT company, reported higher-than-expected Q2FY27 revenue helped by a revival in spending by its European clients and artificial intelligence unlocking new revenue streams.

Wipro’s gross revenue rose 9.1% YoY to Rs 24,752.7 crore during the Q2FY27.