The ADRs of Wipro — the other IT major which declared its Q2 results on Thursday — was flat after it opened 1.51% lower. As of 9:58 EDT, Wipro ADR was down 0.36% at $2.73. This comes after the company met street expectations.
Wipro logged a consolidated net profit of Rs 3,246.2 crore, as against Rs 3,330.4 crore in the preceding quarter. This was in line with the estimate of Rs 3,279 crore, as projected by the analysts tracked by Bloomberg.
The company expects revenue from its IT services business to be in the range of $2,591 million to $2,644 million for the third quarter of FY26, reflecting a sequential growth guidance of 0.5% to 1.5% in constant-currency terms.
This comes after a sequential uptick of 0.3% in constant-currency revenue during the second quarter.
Despite the subdued top-line outlook, Wipro reported robust growth in deal wins, offering some comfort to investors. Total booking stood at $4,688 million, up 6.1% from the previous quarter and up 30.9% year-on-year in constant currency.
Notably, large deal wins surged 6.7%, reaching $2,853 million in comparison to the last quarter, and it was up 90.5% in year-on-year.
