Wipro’s Q1 FY26 profit rose 10.9% YoY; revenue growth was muted amid macro challenges and client cost-cutting focus.

• IT services revenue fell 2% QoQ and YoY; operating margin expanded 0.8% YoY to 17.3% in Q1 FY26.
• Large deal bookings surged 131% YoY; total bookings hit $4.97 billion, signaling a strong future project pipeline.
• Wipro declared a ₹5 interim dividend; expects Q2 revenue decline of 1% in constant currency terms.