Wipro's total headcount at the end of June 2026 stood at 243,044, up from 242,156 at the close of March, a net addition of 888 employees over the quarter. The number represents a 0.37% sequential increase and a 4.21% rise year-on-year from 233,232 employees in the same period last year.
However, the headline addition masks an organic decline. On the earnings call, CFO Aparna Iyer clarified that the headcount figure includes employees who joined from the Mindsprint team following the company's acquisition. Excluding that intake, the organic headcount fell by approximately 2,500 people quarter-on-quarter. The company also did not onboard any fresh engineering graduates during the period.
Voluntary attrition on a trailing 12-month basis rose to 13.9%, up slightly from 13.8% in the prior quarter. While the movement is modest, any sustained uptick in attrition raises staffing costs for large IT employers and signals competitive pressure in the talent market directly relevant to working professionals tracking job stability and demand for tech skills.
On the financial front, Wipro reported a consolidated net profit of ₹3,352 crore for Q1 FY27, up 0.6% year-on-year but down 4.3% sequentially, falling short of analyst estimates. IT services revenue came in at $2.61 billion, rising 1% year-on-year but declining 1.4% sequentially. Operating margins contracted to 16%, a 130 basis point drop quarter-on-quarter, weighed down by wage hikes and increased AI-related spending.
Large deal bookings offered some optimism, rising 12.9% sequentially to $1.63 billion, even as total bookings slipped 2.4% quarter-on-quarter to $3.37 billion. For Q2 FY27, Wipro guided IT services revenue in the range of $2.574 billion to $2.627 billion, implying sequential constant-currency growth of between a 1.5% decline and 0.5% growth.
The board declared an interim dividend of ₹2 per equity share, with July 27, 2026, set as the record date.
