Wipro Shares Rise 6.19% After Q2 Results; Acquires FLARRE.AI Stake

Mumbai, October 16: Wipro share price rose 6.19% to ₹184.83 on Friday after the company reported its second-quarter FY27 results, with revenue increasing 9.1% year-on-year. The company also announced an agreement to acquire a 20% stake in FLARRE.AI, an artificial intelligence platform focused on the insurance sector.

Wipro Q2 FY27 Results

Wipro reported revenue of ₹24,753 crore for the quarter ended September 30, 2026, up 9.1% from a year earlier and 1.1% sequentially. Net income stood at ₹3,200 crore, down 1.9% year-on-year.

The IT services operating margin was 16.5%, expanding 0.5 percentage points from the previous quarter. However, total bookings fell 22.9% sequentially in constant currency terms to $2.595 billion, while large-deal bookings declined 58.6% to $674 million.

For the December 2026 quarter, Wipro expects IT services revenue to range between $2.571 billion and $2.625 billion, translating to a sequential change of -1.5% to +0.5% in constant currency terms.

Wipro to Acquire 20% Stake in FLARRE.AI

Wipro IT Services LLC, a step-down subsidiary, signed a definitive agreement on October 15 to acquire a 20% shareholding in FLARRE.AI, Inc. The disclosed cash consideration is $2,000, and the transaction is expected to be completed by October 31, 2026.

FLARRE.AI develops an agentic AI platform for the insurance industry, supporting workflows such as product launches, upgrades and migrations. The investment adds to Wipro’s focus on AI-based technology solutions.

Stock Market Snapshot

The Wipro share price was trading 6.19% higher at ₹184.83 on Friday, October 16, compared with the previous close of ₹174.05. The stock opened at ₹170.20.

The rally followed Wipro’s quarterly results, with revenue growth and improved sequential operating margins supporting investor sentiment. The company’s weaker deal of bookings and cautious near-term revenue outlook remain key factors to watch.

About Wipro

Wipro Limited is an IT services and consulting company that provides technology, engineering, cloud, cybersecurity and business transformation services to clients across industries.

Conclusion

Wipro’s Q2 FY27 results showed higher revenue and improved sequential operating margins, although deal bookings remained weak. Investors will watch whether the company can convert its deal pipeline into stronger revenue growth in the coming quarters.

Source:

• https://www.nseindia.com/get-quote/equity/WIPRO/Wipro-Limited
• https://nsearchives.nseindia.com/corporate/Wipro_Secretarial_16102026083110_Reg30SEIntimation16102026.pdf