Financial Data and Key Metrics Changes - The IT services revenue for Q4 was $2.6 billion, reflecting a sequential decline of 0.8% and a year-on-year decline of 1.2% [11] - For the full year, IT services revenues were $10.51 billion, showing a year-on-year decline of 2.3% [12] - Operating margins for Q4 were at 17.5%, flat sequentially but expanded by 110 basis points year-on-year [11] - The net income grew by 6% quarter-on-quarter in Q4 and 19% for the full year, with an EPS of INR 12.6, a growth of 20% year-on-year [30] Business Line Data and Key Metrics Changes - The Americas region one grew 0.2% sequentially and 6% year-on-year, while Americas region two de-grew 1% sequentially and 1.8% year-on-year [13] - Europe de-grew 2.5% sequentially and 6.9% year-on-year [13] - The BFSI sector de-grew 0.5% sequentially but grew 0.8% year-on-year [14] - Capco performed well, growing 6.5% sequentially and 11.5% year-on-year [15] Market Data and Key Metrics Changes - The company closed 17 large deals in Q4 with a total value of $1.8 billion, and for the full year, 63 large deals worth $5.4 billion were closed, reflecting a year-on-year growth of 17.5% [15] - The healthcare sector de-grew 3.1% sequentially but grew 0.1% year-on-year [14] - The consumer sector de-grew 1.3% sequentially and was flat year-on-year [14] Company Strategy and Development Direction - The company is focused on driving consistent, profitable growth and has identified five strategic priorities to achieve this [10] - There is a strong emphasis on AI-powered solutions and consulting-led services to meet client needs [18] - The company has realigned its global business lines to better serve customer needs, effective April 1st [24] Management's Comments on Operating Environment and Future Outlook - The management noted that clients are approaching tech reinvention cautiously due to an uncertain macroeconomic environment and recent tariff announcements [9] - There is an expectation of a sequential revenue decline of 3.5% to 1.5% in constant currency terms for the upcoming quarter [27] - The management remains optimistic about the deal pipeline and expects to stabilize and bring growth back in Europe [121] Other Important Information - The company finished the financial year with a free cash flow as a percentage of net income at 118%, with gross cash including investments at $6.4 billion [31] - The company has hedged about $2.4 billion of forex derivative contracts as of the end of Q4 [32] Q&A Session Summary Question: Which verticals are seeing the highest impact currently? - The CEO noted that sectors like consumer and manufacturing, particularly automotive and industrial, are experiencing significant impacts due to the uncertain economic environment [38] Question: How is BFSI performing in the US and Europe? - BFSI is seeing good traction in the US and APMIA, but there are headwinds in Europe [41] Question: What is driving the weak revenue growth despite strong bookings? - The CFO explained that timing differences in deal conversions and ramp-downs due to lower discretionary spending are affecting revenue growth [53][54] Question: What is the outlook for Europe and its impact on overall performance? - The CEO mentioned that Europe has been a challenge, but there is a strong pipeline of deals and new leadership focused on improving performance [66][120] Question: How does the company plan to maintain margins in a weak revenue environment? - The CFO indicated that while there will be pressure on margins, the company aims to keep them in a narrow band through operational efficiencies and cost management [96][100]

Investors interested in Computers - IT Services stocks are likely familiar with Wipro Limited (WIT) and Accenture (ACN) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with spec ...

SAN JOSE, Calif., March 13, 2025 /PRNewswire/ -- ColorTokens Inc., a global leader in enterprise microsegmentation, today announced a strategic partnership with Wipro Limited, a leading technology services and consulting company, to launch Breach Ready Security Solution — an AI-powered Zero Trust microsegmentation security defense solution tailored for global enterprises. Breach Ready Security Solution offers comprehensive visualization of the security landscape with real-time risk identification. Enterpris ...

TAMPA, Fla., Feb. 13, 2025 /PRNewswire/ -- Veuu, a cutting-edge healthcare FinTech, has unveiled a strategic partnership with Wipro Limited, a leading technology services and consulting company, to bridge the gap between providers and payers by transforming the payment process with an AI-powered instant payments platform. This collaboration marks a significant alliance in the healthcare sector, delivering essential improvements to claims payments within the industry.By introducing instant payments, Veuu is ...

Wipro Limited (NYSE:WIT) Q3 2025 Results Conference Call January 17, 2025 8:30 AM ET Company Participants Dipak Bohra - Senior Vice President, Corporate Treasurer and Investor Relations Srinivas Pallia - Chief Executive Officer and Managing Director Aparna Iyer - Chief Financial Officer Saurabh Govil - Chief Human Resources Officer Conference Call Participants Vibhor Singhal - Nuvama Equities Abhishek Kumar - JM Financial Abhishek Bhandari - Nomura Rishi Jhunjhunwala - IIFL Institutional Equities Ravi Menon ...

A downtrend has been apparent in Wipro Limited (WIT) lately. While the stock has lost 5.2% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future e ...

Exhibit 99.1 October 17, 2024 The Manager - Listing National Stock Exchange of India Limited (NSE: WIPRO) The Manager - Listing BSE Limited (BSE: 507685) The Market Operations NYSE, New York (NYSE: WIT) Dear Sir/Madam, Sub: Outcome of Board Meeting The Board of Directors ("Board") of Wipro Limited ("Company"), have at their meeting held over October 16-17, 2024, considered and approved the following: 1. Financial results of the Company for the quarter and half year ended September 30, 2024, as per Regulatio ...

Financial Data and Key Metrics Changes - IT services revenue for Q2 was $2.66 billion, reflecting a sequential growth of 0.6% in constant currency, nearing the upper end of guidance [5][14] - Operating margins expanded to 16.8%, an increase of 35 basis points quarter-on-quarter and 71 basis points year-on-year [6][14] - Total bookings reached $3.6 billion, an 8.4% increase quarter-on-quarter [6] - Net income grew 21.3% year-on-year, driven by higher operating profits which increased by 11.4% year-on-year [15] Business Line Data and Key Metrics Changes - Capco business grew 3.2% quarter-on-quarter and 6.9% year-on-year, indicating strong traction [6] - BFSI sector delivered 2.7% sequential growth, marking the third consecutive quarter of growth in this area [7] - Technology and communications grew by 1.6% sequentially, while manufacturing declined by 2% [7][8] - Energy and utilities experienced a sequential decline of 3.7%, but opportunities for vendor consolidation were identified [8] Market Data and Key Metrics Changes - Americas 1 achieved sequential growth of 1.2%, driven by healthcare, technology, and communication sectors [6] - Americas 2 recorded a sequential growth of 0.8%, supported by strong demand in the BFSI sector [6] - APMEA grew by 0.3%, showing early signs of stabilization [6] - Europe saw a sequential decline of 0.1% due to weak demand and client-specific issues [7] Company Strategy and Development Direction - The company is focusing on five strategic priorities, including expanding large accounts and investing in AI opportunities [5][8] - Emphasis on building a strong talent pool with over 44,000 employees trained in advanced AI [11] - The company is committed to maintaining margins despite expected revenue headwinds in Q3 due to seasonal furloughs [12][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged economic uncertainties but expressed confidence in the long-term potential of the business [5] - Q3 revenue is expected to be affected by seasonal furloughs and fewer working days, guiding for a sequential revenue growth of -2% to 0% [12][16] - Management remains optimistic about deal momentum across various sectors, particularly in the Americas [17][26] Other Important Information - The board of directors recommended a 1:1 bonus share issue, subject to shareholder approval [15][16] - The company is revising its capital allocation strategy in line with its long-term plans [15][16] Q&A Session Summary Question: Guidance on revenue impact from furloughs and client-specific challenges - Management indicated that guidance reflects both seasonal furloughs and client-specific issues in Europe, but there is good momentum in deal pipelines across various regions [17][21] Question: Status of energy and utilities sector challenges - Management noted ongoing challenges but highlighted a good pipeline and demand for vendor consolidation in the energy sector [19][20] Question: Drivers of margin improvements amidst wage increases - Management cited improved utilization, offshoring, and G&A optimization as key levers for margin maintenance [23][24] Question: Timeline for consistent growth in manufacturing and energy sectors - Management emphasized the importance of winning deals in these sectors and acknowledged the need for continued focus and execution [50][60] Question: Impact of U.S. elections on deal closures - Management downplayed the potential impact of U.S. political changes on business growth, citing the resilience of the U.S. economy [63] Question: Strategy regarding active customer numbers - Management explained the decline in active customers is due to exiting certain tail accounts and emphasized strong performance among top clients [64]

DENVER and CORK, Ireland, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Poppulo, a leading communications experience software company, today announced it has been selected by Wipro Limited, a leading technology services and consulting company, to deliver communications solutions to its global workforce. Wipro was looking to provide its employees with personalized and consumer-grade experiences across many of its people processes, such as employee listening, business travel, and reimbursement management. Through the Po ...

Financial Data and Key Metrics Changes - IT services revenue for Q1 was $2.63 billion, reflecting a sequential decrease of 1% in constant currency, which was within the guided range for the quarter [12][29] - Operating margin was 16.5%, an increase of 0.1% from the last quarter [13][29] - Net income at INR 30 billion grew 6% sequentially, and EPS for the quarter at INR 5.75 grew 10% year-on-year [30] Business Line Data and Key Metrics Changes - Americas 1 delivered a sequential growth of 0.4%, with positive momentum in consumer and communication sectors [14] - BFSI in Americas 2 achieved a sequential growth of 1.4% and a year-on-year growth of 12.1% [14] - Capco business achieved a sequential growth of 3.4% [14] - Europe and APMEA experienced sequential declines of 1.4% and 4.2% respectively [15] Market Data and Key Metrics Changes - Banking and financial services grew 0.5% sequentially, while manufacturing and energy sectors experienced declines of 3% and 6.3% respectively [16] - Overall bookings for the quarter were $3.3 billion, with large deal TCV of $1.2 billion [17] Company Strategy and Development Direction - The company is focusing on large deal creation and has secured 10 large deals in Q1, exceeding $1 billion [18] - Strengthening relationships with major clients and strategic partners is a priority, with revenue from top 10 accounts growing 1.3% sequentially [21] - The company is developing AI-powered industry solutions to help clients transform their business models [22] Management's Comments on Operating Environment and Future Outlook - Management noted that clients remain cautious, with low discretionary spending, but there is optimism in sectors like BFSI and consumer business in the U.S. [6][12] - For Q2, the company is guiding for a sequential revenue growth of -1% to +1% in constant currency [28] Other Important Information - Cash flows for Q1 were $479 million, representing 132% of net income, with a current cash balance of $5.4 billion [30] - The company is actively investing in talent development and has rolled out an AI-powered career development platform [25] Q&A Session Summary Question: Were there any negative surprises in Q1 performance? - Management stated that performance was within the guidance range, and there was no significant change in the demand environment, with clients remaining cautious [6] Question: What is the outlook for the telco deal won in Q1? - Management indicated that such deals typically take time to ramp up and will realize full revenue potential over a few quarters [33] Question: How has the average tenure of deal wins changed? - Management noted that deal tenures are becoming shorter, with three to five-year deals becoming more common [36] Question: What is the strategy for implementing GenAI in internal software development? - Management highlighted three deployment areas for GenAI, including enhancing employee experience and improving productivity in software development [38][41] Question: What is driving the depreciation and amortization down? - Management indicated that there were no specific one-offs affecting depreciation and amortization for Q1 [47] Question: What is the current drag in BFSI? - Management noted that BFSI in Americas is performing well, while Europe is experiencing some softness due to macroeconomic factors [70] Question: Is there any impact from corporate actions in Europe? - Management clarified that the softness in Europe is due to a combination of factors and not specific to any one client [89] Question: What is the outlook for revenue growth? - Management refrained from commenting on growth beyond Q2 but acknowledged a cautious demand environment [74]