October 17, 2025

Wipro rocked the IT world with a solid Q2 performance that gave investors something to cheer about. Three of its four business units reported sequential revenue growth, and the company proudly flaunted a huge $9.5 billion deal pipeline for the first half of FY25. But the outlook for Q3 stays cautious, with guidance between –0.5% and +1.5%, reflecting the uncertain global climate. Srini Pallia, Wipro’s CEO and Managing Director, shared vibrant news in an interview with ET Now: “We’ve seen growth momentum across Europe and APMEA for the first time in several quarters.” Europe, which had been a bit gloomy for multiple quarters, finally bounced back with positive growth. “What’s more thrilling,” Pallia added, “is that three out of four strategic market units posted sequential growth.” Wipro also locked in two mega deals this quarter in healthcare and BFSI (Banking, Financial Services and Insurance). These are renewals that deepen client trust and engagement. The outlook on deal flow remains bright despite a strong first half. Pallia pointed out three sizzling opportunities steaming ahead: vendor consolidation to trim costs, AI-led modernization, and domain-specific AI projects pushing client transformations. Demand remains hefty in BFSI, tech, telecom, and healthcare sectors. Meanwhile, energy, manufacturing, and consumer fields are feeling the heat due to tariffs. “Clients are rethinking their supply chains because of tariff changes — it’s both a challenge and an exciting new chance,” the CEO explained. Wipro expects clearer signals on demand after January when many U.S. clients finish annual budgets. On margins, the company reported 16.7% operating margins for Q2, a slight dip from 17.3% last quarter, due to a one-time charge for a client insolvency. CFO Aparna Iyer reassured, “Our adjusted margin stands at 17.2%, broadly in line with last quarter.” She credited the margin stability to strong revenue, rupee depreciation, and better project profitability. Iyer also confirmed forex tailwinds helped, saying, “We’ve benefited from a weaker rupee and a softer dollar, alongside operational efficiencies.” On the people front, Wipro added 2,000 net employees in Q2, including nearly 3,000 freshers. CHRO Saurabh Govil stated, “Attrition continues to be lower, utilization is higher, and our supply chain is stable. We’re well-positioned to meet any uptick in demand.” However, when asked about salary hikes, Govil played it safe: “The macro environment remains fragile. We haven’t yet decided on the timing of wage increases but will communicate once finalized.” A spicy highlight from Pallia was the growing power of AI and automation. “Our clients are looking to modernize business processes, improve efficiency, and drive automation using AI and agentic AI,” he revealed, hinting that AI adoption, especially in BFSI, healthcare, and tech, could boost Wipro’s margins and revenues in FY26. Though cautious, Wipro’s leaders feel ready for a bounce-back, saying, “We’re seeing positive signs in key markets, a healthy pipeline, and strong renewals. The focus now is execution and maintaining operational discipline,” Pallia summed up. In short, Wipro’s Q2 was like a tasty Indian dish with the right mix of growth spices and a dash of caution — making investors hungry for more!

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Tags: Wipro, Q2 performance, It industry, Ai transformation, Financial results, Global markets,