Wipro Q1 Attrition Rate Rises Marginally To 15.1%, Headcount Drops By Over 100 Employees

Wipro announced its April-June quarter results of current fiscal (Q1FY26) on Thursday, July 17, reporting a marginal rise in attrition rate to 15.1%, compared to 15% in the preceding March quarter of FY25 (Q4FY25). India's fourth-largest information technology (IT) major total headcount stood at 2.33 employees.

The attrition rate measures the rate at which employees leave a company over a period of time. A lower rate is generally considered healthy for a company. According to Wipro's regulatory filing to the stock exchanges, the total employee headcount dropped by 114 to 2,33,232 employees in Q1FY26 compared to the March quarter.

Wipro's 12-month attrition rate of 15.1% in the quarter-under-review was higher than 14.1% reported in the year-ago period. The utilization stood at 85.0% compared to 84.6% in the preceding March quarter and 87.7% in the year-ago period.

Notably, the software services company's IT headcount rose by 321 employees in the quarter-under-review compared to 2,32,911 employees in the corresponding period last year (Q1FY25). The total headcount of the IT services support and staff in the June quarter stood at 15,131 employees.

Wipro Ltd. has issued a cautious revenue guidance for the second quarter of the fiscal, even as deal wins show encouraging momentum. The company recorded a decrease in net profit in the first quarter of fiscal 2026, but met analysts' estimates.

The Indian IT major saw its bottom line fall 7% over the previous three months over the previous three months to Rs 3,336 crore in the quarter ended June. That compares with the Rs 3,588-crore consensus estimate of analysts tracked by Bloomberg.

The company expects revenue from its IT services business to be in the range of $2,560 million to $2,612 million for the second quarter 2026, reflecting a sequential growth guidance of -1% to +1% in constant-currency terms.