What factors drove the changes in Wipro's revenue and profit?

What is Wipro's gross profit margin?

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

Did Wipro beat or miss consensus estimates last quarter?

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

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?

- **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. 


WIT

WIT fundamentals

You can ask Aime