Wipro Q2 revenue grows 2.5%, driven by tech deals, AI and cloud

Wipro, an Indian IT services provider, has reported its earnings for the quarter ended September 30, 2025, recording stable performance supported by technology-led transformation deals and consistent operations across key markets.

The company posted gross revenue of ₹227 billion, marking a 2.5% quarter-on-quarter rise and 1.8% growth year-on-year. Its IT services revenue stood at $2,604.3 million, up 0.7% sequentially and down 2.1% compared to the previous year. In constant currency terms, revenue rose by 0.3%, reflecting stability amid global market conditions.

Technological initiatives continued to dominate Wipro’s quarterly developments. The company secured multiple large contracts focused on cloud transformation, AI, and digital modernization. These include projects such as AI-driven health insurance platform modernization in the US, cloud infrastructure scaling for a global tech firm, and digital upgrades for financial and telecom clients in Europe and India.

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.” 

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.”

The company expects IT services revenue for the upcoming quarter to range between $2,591 million and $2,644 million, maintaining cautious optimism as it continues its focus on digital engineering, cloud, and AI-driven business modernization.