Wipro (WIT) Reports Better-than-expected Quarterly Earnings, Highlights Reuters

Wipro Limited (NYSE:WIT) is one of the Best Indian Stocks to Buy for Next 5 Years. Reuters highlighted that Wipro Limited (NYSE:WIT) reported better-than-expected quarterly earnings, thanks to the improved client spending in segments of its Americas business. The company’s gross revenue came in at INR221.3 billion ($2,581.6 million), reflecting a decline of 1.6% QoQ and an increase of 0.8% YoY. Net income for Q1 2026 came in at INR33.3 billion ($388.4 million), a decline of 6.7% QoQ and an increase of 10.9% YoY.

Reuters, while quoting analysts at Morgan Stanley, highlighted that robust deal wins at Wipro Limited (NYSE:WIT) place it well for growth in the second half of the fiscal year. The firm also highlighted that analysts at Investec believe deal wins were the highlights for Q1 2026, and these were the highest in over 13 quarters. Notably, total bookings came in at $4,971 million, reflecting a rise of 24.1% QoQ and 50.7% YoY in constant currency. The large deal bookings amounted to $2,666 million, implying 49.7% growth QoQ and 130.8% growth YoY in constant currency.

Reuters also reported that Morgan Stanley believes that such large deals remain concentrated among Wipro Limited (NYSE:WIT)’s top clients, reflecting greater wallet share.

Wipro Limited (NYSE:WIT) operates as an IT, consulting, and business process services company. The company is based in Bengaluru, India.

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Disclosure: None. This article is originally published at Insider Monkey.