Wipro(US:WIT)2025-10-16 13:30Financial Performance - IT Services revenue reached $26043 million in Q2 FY25-26[6], showing a sequential growth of 03% in constant currency[6] and a year-over-year decline of 26% in constant currency[9] - The adjusted operating margin for IT Services was 172%[2, 11], after accounting for a $131 million provision related to a customer bankruptcy[11] - Total Bookings reached $4688 million[2, 6], while Large Deal TCV amounted to $2853 million[2, 6], representing a 905% year-over-year increase in constant currency[2] - Operating Cash Flow was $382 million[2] Strategic Market Units and Sectors - Americas 1 accounted for 330% of the Strategic Market Units mix[2, 6] - Americas 2 accounted for 296% of the Strategic Market Units mix[2, 6] - Europe accounted for 263% of the Strategic Market Units mix[2, 6] - APMEA accounted for 111% of the Strategic Market Units mix[2, 6] - Banking, Financial Services and Insurance sector contributed 343% to the sector mix[2, 6] Outlook and Other Metrics - The company anticipates IT Services revenue to be in the range of $2591 million to $2644 million for the quarter ending December 31, 2025[3], which translates to a sequential guidance of (-)05% to (+)15% in constant currency terms[3] - The total headcount was 235,492[4] - Net utilization (excluding trainees) stood at 864%[4, 7] - Offshore revenue accounted for 602% of services revenue[4, 8]