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18-Jul-2025

Wipro

H2 to be better than H1


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Wipro hosted a conference call on July 17,2025. In the conference call, the company was represented by Mr Srini Pallia- CEO and Managing Director and Ms Aparna Iyer-CFO.

Key takeaways of the call

The company started the quarter with significant macro uncertainties, which kept the overall demand muted. Clients prioritized initiatives with immediate impact primarily focussing on cost optimization and vendor consolidation. The clients also accelerated their AI, Data and modernization programs. The company witnessed many AI projects moving to production and the company quickly aligned with these priorities and deepened its partnership and secured key deals.

Performance

 

In Q1, IT services segment revenue stood at US $2,587.4 million, reflecting a decline of 2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY) in constant currency terms.

EBIT margins for I...



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