16-Oct-2026 10:26:29
Wipro Rallies 6% as Q2 Revenue Beats Estimates; Delayed Large Deals Offer Hope
Wipro shares surged nearly 6% on Friday as investors welcomed better-than-expected Q2 FY27 revenue and hopes of improved growth. Revenue rose 9.1% year-on-year to ₹24,753 crore, beating estimates of ₹24,627 crore, while operating margin improved to 16.5%. However, total deal bookings plunged 45% to $2.6 billion. Wipro expects Q3 IT services revenue to range from a 1.5% decline to 0.5% growth in constant currency terms. Management expects two delayed large deals to close soon, supporting potential recovery.