Punjab, Oct. 15 -- Wipro's revenue grew 9.1 per cent last quarter. Its large-deal bookings fell 58.6 per cent. Both numbers are in the same results announcement, and the second one matters far more than the first.

The headline numbers

Consolidated net profit attributable to shareholders fell 1.4 per cent year on year to Rs 3,200.6 crore in Q2 FY27, while revenue from operations rose 9.1 per cent to Rs 24,752.7 crore. Sequentially, profit was down 4.52 per cent from Rs 3,352 crore.

Earnings per share rose 4.2 per cent to Rs 3.23. The IT services operating margin came in at 16.5 per cent - up 0.5 points sequentially, down 0.2 points year on year.

Figures vary slightly between outlets: one live report puts the year-on-year profit decline a...