Wipro CEO Srini Pallia sees strong AI-led pipeline; CFO flags one-off Q2 margin hit
IT major Wipro posted a steady Q2 performance with sequential revenue growth in three of its four business units and a strong deal pipeline of $9.5 billion in total bookings for the first half of FY25. However, the company’s Q3 guidance of –0.5% to +1.5% suggests cautious optimism amid a still-volatile global environment.
“We’ve seen growth momentum across Europe and APMEA for the first time in several quarters,” said Srini Pallia, CEO and Managing Director, Wipro, talking to ET Now. “While our guidance range reflects prudence, the midpoint of our outlook represents continued progress.”Strong bookings, Europe turns positive after multiple quartersPallia said three out of four strategic market units (SMUs) posted sequential growth, while Europe — which had seen several soft quarters — returned to positive growth.
“We closed two mega deals this quarter across healthcare and...
