Wipro Q2 Attrition Rate Drops To 14.9%, Headcount Rises By Over 2,000 Employees
Wipro's attrition rate dropped marginally to 14.9% in the September quarter of FY26 while the total headcount stood at 2.35 lakh employees.
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Wipro announced its July-Sept. quarter results of current fiscal (Q2FY26) on Thursday, Oct. 16, reporting a marginal drop in attrition rate to 14.9%, compared to 15.1% in the preceding June quarter of FY26. India's fourth-largest information technology (IT) major's total headcount stood at 2.35 lakh 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 rose by 2,260 to 2,35,492 employees in Q2FY26 compared 2.33 lakh reported in the June quarter.
Wipro Q2 Attrition, Headcount
Wipro's 12-month attrition rate of 14.9% in the quarter-under-review was higher than 14.5% reported in the year-ago period. The utilization stood at 86.4% compared to 85% in the preceding June quarter and 86.4% in the year-ago period.
Notably, the software services company's IT headcount rose by 1,603 employees in the quarter-under-review compared to 2,33,889 employees in the corresponding period last year (Q2FY25). The total headcount of the IT services support and staff in the June quarter stood at 14,863 employees.
Wipro Q2 Results
Wipro Ltd. reported a decline in its net profit during the quarter ended September, even as it posted a jump in new deal wins in the same period. The IT major logged a logged a consolidated net profit of Rs 3,246.2 crore, compared to Rs 3,330.4 crore in the preceding June quarter.
Revenue of the IT services firm rose 2.5% over the previous quarter to Rs 22,697.30 crore. The total booking stood at $4,688 million, up 6.1% from the previous quarter and up 30.9% year-on-year in constant currency. Large deal wins surged 6.7% to $2,853 million sequentially, and up 90.5% YoY.
Wipro expects revenue from its IT services business to be in the range of $2,591 million to $2,644 million for the third quarter of FY26, reflecting a sequential growth guidance of -0.5% to +1.5% in constant-currency terms.1.42$
On Thursday, shares of Wipro settled 1.42% higher at Rs 253.75 apiece on the BSE. The tech stock has risen over 2% this week, over 6% so far this month, and 2.5% in the last six months. On a year-to-date basis, Wipro is down 16% and 4.61% in the last one year. Wipro commands a market cap of Rs 2,66,026.85 crore.
