Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2025.

Highlights of the Results
Results for the Quarter ended September 30, 2025:

1. Gross revenue at ₹227.0 billion ($2,556.6 million1
   ), increase of 2.5% QoQ and 1.8% YoY.
2. IT services segment revenue was at $2,604.3 million, increase of 0.7% QoQ and decrease of
   2.1% YoY.
3. Non-GAAP2 constant currency IT Services segment revenue increased 0.3% QoQ and
   decreased 2.6% YoY.
4. Total bookings3 was at $4,688 million, down by 6.1% QoQ and up by 30.9% YoY in constant
   currency2
   . Large deal bookings4 was at $2,853 million, an increase of 6.7% QoQ and 90.5%
   YoY in constant currency2
   .
5. IT services operating margin5
   for Q2’26 was 16.7%, impacted by a provision of ₹1,165 million
   ($13.1 million1
   ) made with respect to bankruptcy of a customer. Adjusted for this event, IT
   Services Margin for the quarter was 17.2%, contraction of 0.1% QoQ and expansion of 0.4%
   YoY.
6. Net income for the quarter was at ₹32.5 billion ($365.6 million1
   ), decrease of 2.5% QoQ and
   increase of 1.2% YoY.
7. Earnings per share for the quarter at ₹3.1 ($0.03
   1
   ), decrease of 2.5% QoQ and increase of
   1.0% YoY.
8. Operating cash flows of ₹33.9 billion ($381.5 million1
   ), decrease of 17.6% QoQ and 20.7%
   YoY and at 103.8% of Net Income for the quarter.
9. Voluntary attrition was at 14.9% on a trailing 12-month basis.

Outlook for the Quarter ending December 31, 2025
We expect revenue from our IT Services business segment to be in the range of $2,591 million
to $2,644 million*. This translates to sequential guidance of (-)0.5% to (+)1.5% in constant
currency terms. The guidance stated above does not include any expected revenue from the
recently announced acquisition of Harman Digital Transformation Solutions.
*Outlook for the Quarter ending December 31, 2025, is based on the following exchange rates: GBP/USD at 1.35,
Euro/USD at 1.16, AUD/USD at 0.65, USD/INR at 87.21 and CAD/USD at 0.72
Performance for the Quarter ended September 30, 2025
Srini Pallia, CEO and Managing Director, said “Our revenue momentum is strengthening,
with Europe and APMEA returning to growth, and our operating margins holding steady within
the narrow band. Bookings surpassed $9.5 billion for H1 FY26. Our strategy is clear: remain
resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence™ to our
clients, helping them scale confidently and shape the future in an AI-first world.”
Aparna Iyer, Chief Financial Officer, said “We are gradually returning to growth trajectory with
three of our four SMUs growing sequentially in Q2. All key financial parameters continue to remain
strong. Our large deal bookings in the first two quarters have now surpassed the large deal
booking for full year FY’25. Our adjusted margins for Q2 expanded by 0.4% YoY. EPS for the
quarter grew 1% YoY. Lastly, our cash flow conversion continues to remain strong with operating
cash flow at 104% of our net income for Q2.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into
   United States Dollars at the certified foreign exchange rate of US$1 = ₹88.78, as published by the Federal
   Reserve Board of Governors on September 30, 2025. However, the realized exchange rate in our IT Services
   business segment for the quarter ended September 30, 2025, was US$1= ₹86.94
2. Constant currency for a period is the product of volumes in that period times the average actual exchange
   rate of the corresponding comparative period.
3. Total Bookings refers to the total contract value of all orders that were booked during the period including new
   orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or
4. reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using thenexisting foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange
5. rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant
6. currency growth rates, refer note 2.
7. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
8. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.