What is the market's earnings forecast for Wipro next quarter?

Did Wipro beat or miss consensus estimates last quarter?

What is Wipro's latest dividend and current dividend yield?

What is Wipro's gross profit margin?

What does Wipro do and what are its main business segments?

What were the key takeaways from Wipro’s earnings call?

What guidance did Wipro's management provide for the next earnings period?

What is the revenue and EPS growth rate for Wipro year over year?

- **Revenue resilience**: $2.6B IT services revenue with 0.3% sequential growth, 17.2% adjusted margin. 
- **AI-driven growth**: Wipro Intelligence platforms (AutoCortex, WealthAI) deliver tangible client outcomes, with 200+ AI agents deployed. 
- **Strong pipeline**: $9.5B TCV booked in H1, 13 large deals in Q2, including 2 mega renewals. 
- **Regional momentum**: Europe returns to growth (1.4% sequential), APMEA up 3%, Americas 1 leads BFSI recovery. 
- **Challenges**: Tariff uncertainties weigh on consumer/energy/manufacturing, cautious outlook on discretionary spend. 


**【CEO Summary Section】**
- IT services revenue: $2.6 billion (0.3% sequential growth in constant currency). Adjusted operating margin: 17.2% (0.4% YoY improvement). 
- Regional highlights: Americas 1 (+5% YoY), Europe (+1.4% sequential), APMEA (+3% sequential). 
- Wipro Intelligence launched: AI-powered platforms (e.g., AutoCortex, WealthAI) driving client outcomes. 
- Deal wins: $4.7 billion TCV, including 2 mega deals in health care and BFSI. 
- Q3 guidance: IT services revenue growth of -0.5% to +1.5% in constant currency.

**【CFO Financial Commentary】**
- IT services revenue: 0.3% sequential growth (0.7% in reported currency), 2.6% YoY decline in constant currency. 
- Operating margin: 16.7% (60bp qoq contraction, 1000bp YoY decline). Adjusted margin: 17.2% (40bp YoY expansion). 
- Sector performance: BFSI (+2.2% sequential), health care (+3.9% YoY), consumer (-7.4% YoY). 
- Financial metrics: Net income up 1% YoY, operating cash flow 104% of net income, gross cash $6 billion. 
- Guidance: Q3 IT services revenue $2.59B-$2.64B (excluding Harman acquisition). 

**【Q&A Key Highlights】**
- **Demand environment**: Strong pipeline ($9.5B TCV in H1), focus on vendor consolidation, AI adoption, and consulting-led programs. U.S. clients prioritizing cost optimization and AI implementation. 
- **AI strategy**: Wipro Intelligence integrates delivery and industry platforms, embedding productivity gains and responsible AI guardrails. 200+ AI agents deployed across sectors. 
- **Hiring**: 2,900 freshers onboarded in Q2; demand-driven hiring continues. No wage hike decision yet. 
- **Europe growth**: Phoenix deal to ramp in Q3, pipeline conversion driving momentum. 
- **Risks**: Tariff uncertainties impacting consumer, energy, and manufacturing sectors; cautious outlook on discretionary spending. 
- **Public sector deals**: No specific focus, but strategic market units (e.g., BFSI, health care) remain core. 


Wipro Limited (WIT) Q2 2026 Earnings Call Transcript

- **Revenue Resilience**: Q1 IT Services revenue of $2.59B with 17.3% margin, driven by Americas and APMEA strength.
- **Deal Dominance**: $5B TCV bookings (51% YoY), including 2 mega deals, reflecting AI and vendor consolidation focus.
- **AI Acceleration**: Over 200 AI agents deployed, targeting hyper-personalized solutions and predictive analytics.
- **Dividend Discipline**: INR 5/share dividend declared, part of 70%+ net income payout policy.
- **H2 Confidence**: Sequential growth guidance of -1% to +1% for Q2, with H2 expected to outperform H1.

**【CEO Summary Section】**
- **Revenue Performance**: IT Services revenue of $2.59 billion, down 2% QoQ in constant currency, with a 17.3% margin (80bps YoY expansion). Americas (+1.5% YoY) and APMEA (flat) showed resilience, while Europe faced headwinds.
- **Deal Momentum**: $5 billion TCV bookings (51% YoY growth), including 16 large deals ($2.7B, 131% YoY) and 2 mega deals. Key wins in BFSI, semiconductor, and banking sectors, driven by AI and vendor consolidation.
- **AI Strategy**: Over 200 AI-powered agents deployed, focusing on hyper-personalized solutions and predictive analytics. Talent development emphasized for an AI-first future.
- **Outlook**: Sequential growth guidance of -1% to +1% for Q2, with confidence in H2 driven by strong pipeline and execution focus.

**【CFO Financial Commentary】**
- **Financial Highlights**: Net income up 10.9% YoY to $420M, EPS at INR 3.2 (10.8% YoY). Free cash flow at 115% of net income, gross cash at $6.4B. Dividend of INR 5/share declared, part of 70%+ net income payout policy.
- **Sector Performance**: BFSI (-3.8% QoQ), Healthcare (+0.5% QoQ), T&amp;C (+0.4% QoQ). Capco grew 6% YoY, APMEA (+0.6% QoQ). Europe (-6.4% QoQ) impacted by macro challenges.
- **Margin Dynamics**: Operating margin at 17.3%, with pressure from large deal ramp-ups. Focus on productivity, G&amp;A optimization, and AI-driven efficiency to offset costs.

**【Q&A Key Highlights】**
- **Deal Duration & ACV**: TCV growth outpaces ACV due to longer tenures (e.g., 4-6Q ramp-up). Discretionary spend stabilization expected to improve conversion.
- **Capital Allocation**: Dividends preferred over buybacks, with $1.3B distributed in 6 months. Buybacks remain an option.
- **Margins & Execution**: 17%-17.5% margin band aspirational, but upfront investments in large deals may cause short-term pressure. Operational rigor to mitigate.
- **Europe Recovery**: Pipeline strength in BFSI and Phoenix deal (Q3 revenue start) expected to drive stabilization. Client-specific issues resolved.
- **Capco Growth**: $1B TTM bookings, momentum in insurance, wealth, and energy. Sequential growth not disclosed but pipeline positive.


Wipro Limited (WIT) Q1 2026 Earnings Call Transcript

- **Revenue Resilience**: FY25 IT Services revenue $10.51B (-2.3% YoY), driven by Americas (+1.2%) and Capco (+11.5% YoY). Q4 bookings $4.0B (+13.4% QoQ, +10.5% YoY).
- **AI-Driven Growth**: 17 large deals ($1.8B) in Q4, including AI-powered IT modernization and employee experience programs. AI solutions gaining traction in BFSI, healthcare, and smart cities.
- **Margin Expansion**: FY25 operating margin 17.1% (+100bps YoY). FY26 guidance for margin stability amid macro uncertainty.
- **Europe Turnaround**: $500M Phoenix Steel deal to boost H2 FY26 revenue. Strong pipeline but cautious client spending on large programs.
- **Risks**: Sequential Q1 FY26 revenue decline (-3.5% to -1.5%) due to tariff uncertainty and delayed project ramps.


**【CEO Business Overview】**
- **Revenue Performance**: Q4 IT Services revenue of $2.6 billion (-1.2% YoY), FY25 total revenue $10.51 billion (-2.3% YoY). Sequential decline of 0.8% in Q4 due to macroeconomic uncertainty.
- **Large Deal Momentum**: 17 large deals ($1.8B) in Q4, FY25 total large deal bookings $5.4B (+17.5% YoY). Notable wins include a 5-year transformation program for a global tech leader and IT infrastructure modernization for a food distributor.
- **Strategic Priorities**: 
  1. **AI-Driven Solutions**: AI-powered industry solutions driving growth in BFSI, healthcare, and manufacturing. Example: AI-based crew management system for a Pacific airline.
  2. **Client Satisfaction**: Improved NPS and satisfaction scores, with realigned business lines to enhance client outcomes.
  3. **Talent Development**: Leadership programs and sponsorship initiatives to retain top talent.
- **Guidance**: Sequential revenue decline of -3.5% to -1.5% in Q1 FY26, reflecting cautious client spending on large programs.

**【CFO Financial Highlights】**
- **Profitability**: Q4 operating margin 17.5% (+110bps YoY), FY25 margin 17.1% (+100bps YoY). Net income $420M (+6% QoQ, +19% YoY), EPS $1.08 (INR12.6 YoY +20%).
- **Cash Flow**: Free cash flow 118% of net income, ending with $6.4B gross cash.
- **Headwinds**: FY26 margin maintenance in a narrow band due to macroeconomic uncertainty and competitive pricing in vendor consolidation deals.

**【Q&A Key Themes】**
1. **Vertical Impact**: Consumer, manufacturing (auto/industrial), and Europe most affected by tariffs. BFSI showing resilience in US/APMEA but cautious spending.
2. **Order-to-Revenue Conversion**: Delayed ramp-up of large deals (e.g., $1.8B Q4 bookings) and client pauses on discretionary projects (e.g., SAP program delay). FY25 LTM book-to-bill >1.3x but revenue growth lagging.
3. **Europe Challenges**: 7% YoY revenue decline driven by slower transformation projects. Positive signs: $500M Phoenix Steel deal to ramp H2 FY26, strong pipeline across sectors.
4. **Margin Risks**: FY26 margin pressure from weak demand and cost takeout deals. Levers: bench cost management, fixed price productivity, G&A optimization.
5. **AI Growth**: Sovereign AI partnerships (e.g., Thailand tourism) and predictive maintenance in smart cities creating new revenue streams.


Wipro Limited (WIT) Q4 2025 Earnings Call Transcript

- **Record margins**: 17.5% operating margin (12-quarter high)
- **Top account growth**: Top 10 accounts +7.3% qoq
- **AI momentum**: $1B in AI-powered deals, 50,000 AI-certified employees
- **Dividend boost**: 70%+ payout ratio starting FY26
- **Q4 guidance**: Flat to +1% revenue growth
- **Geographic divergence**: Americas growth vs. Europe/Asia softness

**【CEO Business Highlights】**
- Q3 IT Services revenue: $2.63B (0.1% qoq growth, 0.7% yoy decline in constant currency)
- Operating margin: 17.5% (12-quarter high, +0.7% qoq, +1.5% yoy)
- Key regional performance:
  - Americas 1: +3.9% qoq, +4.5% yoy (healthcare, T&amp;C sectors)
  - Europe: -2.7% qoq, -4.6% yoy
  - APMEA: -2.1% qoq, -8% yoy
- Large deal wins: $1B TCV (17 deals), e.g.:
  - US retail vendor consolidation ($100M+)
  - Middle East airline modernization ($50M+)
- Top 10 accounts: +7.3% qoq growth
- AI investment: 50,000 employees with advanced AI certifications
- Q4 guidance: -1% to +1% qoq revenue growth

**【CFO Financial Overview】**
- GAAP net income: $420M (24% yoy growth)
- Non-GAAP EPS: $1.08 (exceeds expectations)
- Margins expanded despite 2 months of wage hikes
- Dividend policy: 70%+ payout ratio over 3-year block
- Q4 financials: $2.602B-$2.655B revenue guidance

**【Q&A Key Takeaways】**
- **Demand trends**: Americas strong, Europe/Asia soft; BFSI/healthcare leading
- **Margin drivers**: Utilization, offshoring, G&amp;A cost control
- **Client strategy**: Mining top 10 accounts, hunting new logos
- **AI impact**: 17 large AI-powered deals in Q3
- **Currency risk**: Rupee volatility monitored
- **Hiring**: 10,000+ campus hires planned for FY26

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