BENGALURU, October 16, 2025 – Indian IT services firm Wipro (WIT) reported second-quarter revenue that exceeded analyst expectations, driven by strong performance in its Americas division despite modest profit growth. The beat signals stabilizing demand for offshore technology services as global enterprises resume digital transformation spending.
- Q2 revenue rose 1.8% to 2.7 billion, beating estimates
- Net profit increased marginally to 387 million
- Employee attrition rate dropped to 14.9%
Financial Performance
India’s fourth-largest IT services company posted consolidated revenue of 226.97 billion rupees (2.7 billion) for the July-September quarter, up 1.8% year-over-year from 222.02 billion rupees 1. Net profit rose modestly to 32.46 billion rupees (387 million) from 32.09 billion rupees in the same period last year 2.
The revenue performance outpaced competitor Infosys, which reported 1.6% sequential growth in its most recent quarter. Wipro’s Americas One segment, which accounts for roughly 60% of total revenue, drove the upside surprise with stronger-than-expected client spending 3.
Operational Metrics Show Improvement
Employee attrition, a key metric for IT services firms, declined to 14.9% from higher levels in previous quarters, indicating improved workforce stability 4. The reduction in voluntary turnover helps preserve client relationships and reduces recruitment costs that have pressured margins industry-wide.
For the third quarter of fiscal 2026, Wipro guided IT services revenue in the range of 2.59 billion to 2.64 billion, suggesting continued modest growth momentum 5. The guidance reflects management’s cautious optimism about client discretionary spending on technology projects.
Market Context and Outlook
The results come as Indian IT services companies navigate a challenging environment of reduced enterprise technology budgets and increased competition from global consulting firms. Wipro’s revenue growth, while positive, remains below the 3-5% quarterly growth rates the sector achieved during the pandemic-driven digitalization boom.
Large deal wins and improved client retention will be critical for Wipro to accelerate growth in coming quarters. The company’s focus on high-margin consulting services and cloud migration projects positions it to benefit from renewed enterprise IT spending as economic conditions stabilize.
Not investment advice. For informational purposes only.
References
1(October 16, 2025). “India’s Wipro beats second-quarter revenue view”. Yahoo Finance. Retrieved October 16, 2025.
2(October 16, 2025). “India’s Wipro beats second-quarter revenue view”. 104.1 WIKY. Retrieved October 16, 2025.
3(October 16, 2025). “Wipro Q2 Results: Revenue beats estimates, attrition rate drops to 14.9%”. LiveMint. Retrieved October 16, 2025.
4(October 16, 2025). “Wipro Q2FY26 Results LIVE Updates: Net Profit up 1.13%”. Financial Express. Retrieved October 16, 2025.
5(October 16, 2025). “Wipro Q2 results: Net profit rises marginally to Rs 3246 crore”. MSN. Retrieved October 16, 2025.