'
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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