The following is a summary of the Wipro Limited (WIT) Q2 2025 Earnings Call Transcript:

Financial Performance:

• Reported IT services revenue of $2.66 billion, a 0.6% sequential growth, aligning with the upper end of the guidance.

• Operating margins for Q2 stood at 16.8%, with an expansion of 35 basis points quarter-on-quarter and 71 basis points year-on-year.

• Net income grew by 21.3% year-over-year, with earnings per share at INR 6.14, demonstrating a sequential growth of 6.8%.

Business Progress:

• Significant deal bookings in Q2 totaled $3.6 billion, marking an 8.4% increase quarter-on-quarter. Large deal bookings alone contributed $1,489 million to this total.

• Observed sustained growth in large accounts, with the top account growing by 4%, top five by 6.2%, and top ten by 3.7% sequentially.

• Highlighted strategic wins include a large SAP S/4HANA transformation program and a total outsourcing deal with a software technology company, showcasing Wipro's capabilities in consulting-led, AI-powered solutions.

Opportunities:

• Continued advancement in shaping AI opportunities and expanding large account footprints in strategic market regions.

• Identified potential for vendor consolidation and cost efficiencies, particularly highlighted in the energy sector.

Risks:

• Anticipated impact due to seasonal furloughs affecting Q3 revenue, projecting a guidance of -2% to 0% growth in constant currency.

• Noted specific client-driven slowdowns in Europe contributing to uncertainties in revenue growth projections.

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