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Wipro Limited

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Wipro just lost 6,716 employees but revenue rose 9%. Is AI finally changing IT labour economics?

Wipro Limited ended the September quarter with 236,328 employees, a net decline of 6,716 in three months, even as revenue beat expectations and operating margin improved. The contraction stands in sharp contrast with HCLTech's recent hiring rebound and puts utilisation, artificial intelligence productivity and delayed large deals at the centre of Wipro's workforce strategy.
Editorial infographic summarizing Wipro’s Q2 FY27 results, showing revenue of ₹24,752.7 crore, IT services margin of 16.5%, large deal bookings of $674 million, total bookings of $2.595 billion, operating cash flow of ₹5,300 crore, and Q3 IT services guidance of -1.5% to +0.5% sequential constant currency growth.
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Wipro Q2 FY27 results: Revenue rises 9%, but deal bookings plunge 58.6%

Wipro Limited reported ₹24,753 crore in quarterly revenue and a stronger 16.5% IT services margin, but a sharp fall in large contract bookings and muted December-quarter guidance reveal that the company's growth recovery remains uneven. Artificial intelligence-led transformation opportunities are expanding, yet converting those engagements into sustained revenue growth is becoming the central challenge.