Core Insights - Wipro Limited has formed a strategic partnership with Factory to operationalize agent-native development in engineering organizations, enhancing software development efficiency and quality [1][3] - Wipro Ventures has participated in Factory's recent funding round, reinforcing its commitment to investing in innovative AI platforms [1][4] Group 1: Partnership and Integration - The partnership aims to integrate Factory's capabilities into Wipro's WEGA agent-native delivery platform, enhancing Wipro Intelligence™ and accelerating the creation of production-ready code [3] - Factory's technology allows engineering teams to delegate significant portions of software development to AI agents, improving efficiency and maintaining engineering standards [2][3] Group 2: Market Impact and Client Focus - Wipro plans to roll out Factory's solutions across tens of thousands of engineers, targeting key sectors such as banking, healthcare, manufacturing, retail, and technology [3] - The collaboration is expected to help clients modernize faster and innovate while ensuring quality and security in software development [4] Group 3: Company Backgrounds - Wipro Limited is a leading AI-powered technology services and consulting company with over 230,000 employees across 65 countries, focused on digital transformation [5] - Factory, founded in 2023, specializes in agent-native development and is backed by notable investors including Wipro Ventures and Sequoia Capital [7][6]

Core Insights - Wipro Limited reported financial results for the quarter ended December 31, 2025, highlighting broad-based growth driven by AI-enabled services and strategic partnerships [1][2]. Financial Performance - Gross revenue reached Rs 235.6 billion ($2,622.0 million), marking a 3.8% increase quarter-over-quarter (QoQ) and 5.5% year-over-year (YoY) [5]. - IT services segment revenue was $2,635.4 million, reflecting a 1.2% increase QoQ and a 0.2% increase YoY [5]. - Operating margins for IT services improved to 17.6%, an expansion of 0.9% QoQ and 0.1% YoY, representing the best margin performance in recent years [5]. - Net income for the quarter was Rs 31.2 billion ($347.2 million), a decrease of 3.9% QoQ and 7.0% YoY [5]. - Earnings per share (EPS) for the quarter was Rs 2.98 ($0.03), down 3.9% QoQ and 7.2% YoY [5]. - Operating cash flows were Rs 42.6 billion ($474.1 million), an increase of 25.7% QoQ but a decrease of 13.6% YoY, representing 135.4% of net income [5]. Strategic Deal Wins - Wipro secured several large and strategic deals, including a renewal with a global technology leader to enhance trust and safety operations, leveraging AI and machine learning [4]. - A multi-year engagement with a US-based national health insurance organization was established to provide member enrollment and management services using Wipro's PayerAI solution [8]. - Wipro was selected by a prominent North American household furnishings manufacturer to modernize its technology landscape and accelerate innovation through AI [8]. - A leading UK-based facilities management company extended its relationship with Wipro to drive enterprise-wide transformation using Wipro Intelligence [8]. - Wipro engaged with a major European insurance provider to reimagine its infrastructure landscape and accelerate its hybrid cloud journey [8]. Market Outlook - For the quarter ending March 31, 2026, Wipro expects IT services revenue to be in the range of $2,635 million to $2,688 million, indicating a sequential guidance of 0% to 2.0% in constant currency terms [3].

Core Insights - Wipro Limited reported financial results for the quarter ended September 30, 2025, showing a slight revenue growth of 0.3% quarter-over-quarter in constant currency terms and a net income growth of 1.2% year-over-year [1][6][3] - The company achieved large deal bookings of $2.9 billion, reflecting a significant year-over-year growth of 90.5%, contributing to overall deal bookings of $4.7 billion [1][6] - The adjusted operating margin for Q2'26 was reported at 17.2%, an increase of 0.4% year-over-year, with operating cash flows at 103.8% of net income [1][6][3] Financial Performance - Gross revenue for the quarter was Rs 227.0 billion ($2,556.6 million), marking a 2.5% increase quarter-over-quarter and a 1.8% increase year-over-year [6] - IT services segment revenue was $2,604.3 million, showing a 0.7% increase quarter-over-quarter but a 2.1% decrease year-over-year [6] - Net income for the quarter was Rs 32.5 billion ($365.6 million), a decrease of 2.5% quarter-over-quarter but an increase of 1.2% year-over-year [6] Strategic Developments - Wipro secured multiple large and strategic deals across various industries, including a multi-year infrastructure modernization engagement with a leading European financial institution [5][10] - The company is focusing on AI-driven solutions, with engagements aimed at transforming healthcare platforms and enhancing customer engagement in the utilities sector [10][5] - Wipro's strategy emphasizes resilience and adaptation to global shifts, particularly in the context of AI advancements [4][10] Outlook - For the quarter ending December 31, 2025, Wipro expects IT Services revenue to be in the range of $2,591 million to $2,644 million, indicating a sequential guidance of (-)0.5% to (+)1.5% in constant currency terms [3][4] - The guidance does not include revenue from the recently announced acquisition of Harman Digital Transformation Solutions [3]