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- Published on July 17, 2025
- In IT Services
Wipro Doubles its Deal Wins to $2.7 Billion in Q1 FY26, Bets Big on Agentic AI
Wipro has developed over 200 AI agents for enterprises, and the CEO stated that the company is witnessing a clear shift towards AI investments.
- By Mohit Pandey
After muted growth of TCS and HCLTech, and a robust profit of Tech Mahindra, Wipro kicked off FY26 on a cautiously optimistic note.
The IT major reported a 10.9% year-on-year rise in net income to ₹3,336.5 crore, even as revenues fell 2.3% in constant currency terms.
Sequentially, profits declined 6.7% quarter-on-quarter, while revenue fell 1.6% for the same period.
However, the company reported blockbuster $2.7 billion in large deal bookings, representing a whopping 131% year-over-year increase.
During the earnings call, CEO Srini Pallia stated that Wipro secured a large deal in the quarter, which has the potential to become a mega deal. “We are seeing a clear shift towards AI investments,” he added.
Total bookings for the quarter stood at $5 b
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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