Wipro reports that its second-quarter profit declines sequentially, with outlets citing a modest dip in earnings. Business Line says profit falls 4.7% quarter-on-quarter, while The Hindu reports a smaller sequential slip of 1.4%. Multiple reports attribute the weaker performance to a sharp fall in large deal bookings, which one outlet places at 59%.
On the revenue and outlook, Channel NewsAsia says Wipro beats second-quarter revenue expectations, even as deal bookings drop. Business Line characterizes the December-quarter outlook as subdued, forecasting revenue to decline by up to 1.5% or grow by as much as 0.5% in constant-currency terms. The Hindu adds strategic context, quoting Srini Pallia that Wipro sees AI as a long-term growth driver that expands the addressable market for technology and business transformation. Across sources, the key common thread is that results are mixed—revenue comes in better than expected in one report, but large-deal demand weakens and guidance remains cautious.
