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NEW YORK/BANGALORE - On Thursday, Wipro Limited (NYSE:WIT) reported a 1.2% year-over-year increase in net income to $365.6 million for the second quarter ended September 30, 2025, while missing analyst expectations on earnings per share.
The IT services and consulting company posted earnings per share of $0.03, falling short of the analyst estimate of $0.04. Revenue for the quarter came in at $2.56 billion, in line with the consensus estimate of $2.57 billion. Revenue grew 1.8% YoY and 2.5% sequentially.
Wipro’s large deal bookings showed significant growth, reaching $2.9 billion, up 90.5% YoY. Total bookings for the quarter were $4.7 billion, representing a 30.9% YoY increase despite a 6.1% sequential decline.
"Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band," said Srini Pallia, CEO and Managing Director. "Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI."
The company’s IT services segment revenue was $2.6 billion, decreasing 2.1% YoY but increasing 0.7% sequentially. Adjusted operating margin for the quarter was 17.2%, expanding 0.4% YoY but contracting 0.1% sequentially. The margin was impacted by a $13.1 million provision related to a customer bankruptcy.
For the third quarter ending December 31, 2025, Wipro expects revenue from its IT Services business segment to be between $2.59 billion and $2.64 billion, representing a sequential guidance range of -0.5% to +1.5% in constant currency terms.
"We are gradually returning to growth trajectory with three of our four SMUs growing sequentially in Q2," said Aparna Iyer, Chief Financial Officer. "Our large deal bookings in the first two quarters have now surpassed the large deal booking for full year FY’25."
The company’s operating cash flow remained strong at 103.8% of net income for the quarter, though it decreased 17.6% sequentially and 20.7% YoY.
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