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Wipro ( (WIT) ) just unveiled an update.
On July 16, 2026, Wipro reported IFRS financial results for the quarter ended June 30, 2026, posting gross revenue of ₹244.8 billion, up 10.6% year-on-year, and modest growth in net income alongside strong operating cash flow at 98% of net income. IT services revenue was flat year-on-year with softer margins, but large deal bookings rose 12.9% quarter-on-quarter to $1.6 billion, and the board declared an interim dividend of ₹2 per share.
Management highlighted continued investment in people and strategic priorities, acknowledging near-term margin volatility while emphasizing long-term growth prospects supported by robust cash generation and over $3 billion returned to shareholders over the past year. Wipro also secured a string of multi-year, AI-led strategic deals across global chemicals, technology, health insurance, and hospital sectors, reinforcing its positioning as a consulting-led, AI-driven transformation partner ahead of its guided, roughly flat IT services revenue outlook for the September 2026 quarter.
The most recent analyst rating on (WIT) stock is a Sell
with a $1.60 price target.
To see the full list of analyst forecasts on Wipro stock,
see the WIT Stock Forecast page.
Spark’s Take on WIT Stock
According to Spark, TipRanks’ AI Analyst, WIT is a Neutral.
WIT scores as a mid-quality, income-supported name: solid profitability and a conservative balance sheet are the primary positives, reinforced by an attractive dividend yield and reasonable P/E. The score is held back by weak technical trends and near-term business uncertainty from cautious guidance and margin pressure despite healthy bookings and AI-driven strategic momentum.
To see Spark’s full report on WIT stock,
click here.
More about Wipro
Wipro Limited is a leading AI-powered technology services and consulting company headquartered in India, with shares listed in the U.S. and on Indian exchanges. The company focuses on IT services, infrastructure and application management, and digital transformation solutions for global enterprises across sectors including technology, chemicals, healthcare, and insurance.
Average Trading Volume: 12,382,819
Technical Sentiment Signal: Sell
Current Market Cap: $18.1B
For detailed information about WIT stock, go to TipRanks’ Stock Analysis page.