Masterstroke by Azim Premji, Wipro’s Q2 net profit reaches to Rs 32460000000, adds employees by…

IT services major Wipro on Thursday reported a marginal rise in consolidated net profit at Rs 3,246.2 crore for the July-September quarter, as CEO and MD Srini Pallia said the demand environment remains healthy, with discretionary spending increasingly directed towards AI-driven initiatives.

Strengthening its focus on artificial intelligence, the Bengaluru-based company unveiled Wipro Intelligence, a unified suite of AI-powered platforms, solutions, and offerings aimed at expanding its presence in consulting and advisory services within the AI space.

The company had posted a net profit of Rs 3,208.8 crore in the corresponding period last year, according to a regulatory filing.

Revenue from operations grew 1.7 per cent year-on-year to Rs 22,697.3 crore. Sequentially, profit declined 2.5 per cent, while revenue increased by 2.5 per cent.

Wipro Q2 Results

“If you look at the demand, there are three opportunities that we have: One is vendor consolidation and cost optimisation for our clients. That clearly continues. Second, as new demand picks up, which is in AI, clients want to move away from proof of concepts to actually implementing AI and agentic AI across the business process ,and also workflows.

“Third, AI is also creating new opportunities for us to be truly consulting-led in terms of AI advisory, data advisory … I think those are the new opportunities that are generating. So, demand continues to be strong. Discretionary spend is moving more and more into AI-related projects,” Pallia said in the company’s earnings call.  

Banking, Financial Services and Insurance (BFSI) brought in 34.3 per cent of the revenues, followed by Consumer (18.2 per cent), Energy, Manufacturing and Resources (17.4 per cent), Technology and Communications  (15.6 per cent), and Health (14.5 per cent).

Wipro Adds Employee Headcount

Wipro added 2,260 employees during the quarter, bringing its total employee count to 235,492.

Company CHRO Saurabh Govil did not give a definite number on hiring in the coming quarters but said the company will continue to hire and go to campuses based on demand.

On H1B visas, Govil said nearly 80 per cent of Wipro’s US employee base are locals, and the company expects to see limited impact.

IT services operating margin for Q2 FY26 at 16.7 per cent was impacted by a provision of Rs 1,165 million (USD 13.1 million) made with respect to bankruptcy of a customer, Wipro said.

(With Inputs PTI)

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