Wipro ADR Rises 5% On NYSE After IT Major's TCV Soars 50% YoY Amid Cautious Revenue Guidance

Wipro ADR: American Depository Receipt (ADR) shares of India's fourth-largest IT services company witnessed a sharp rise on the New York Stock Exchange (NYSE) after declaring its April-June quarter results for fiscal 2025-26 (Q1FY26). Wipro ADR last rose 5% to $3.1 on the American stock exchange after the IT major reported a 50% surge in its total deal bookings.

Wipro forecast a weak Q2 quarter of FY26 amid global supply and demand uncertainty triggered by US President Donald Trump's tariff policies. Despite the cautious revenue guidance, the US-listed shares of Wipro rose on NYSE. ADR is a tool for foreign companies or organisations to trade on US stock markets, just like regular shares of US companies. In theory, an ADR is similar to a special certificate issued by a US bank.

The Indian IT major saw its bottom line fall 7% over the previous three months to Rs 3,336 crore in the June quarter. That compares with the Rs 3,588-crore estimate of analysts tracked by Bloomberg. Despite the subdued top-line outlook, Wipro reported robust growth in deal wins.

Total deal wins stood at $5 billion, up from $4 billion in the previous quarter — a quarter-on-quarter increase of 25%. Notably, Wipro's large deal wins surged 50%, reaching $2.7 billion compared to $1.8 billion last quarter.

The IT services company has given a sequential guidance of -1% to 1% in constant currency (CC) terms. Wipro expects revenue from its IT services segment to be in the range of $2,560 million to $2,612 million in the September quarter. This comes after a sequential decline of 2% in constant-currency revenue during the first quarter, indicating continued softness in client spending across some verticals.