From Financialexpress · Poulomi Chatterjee · · 50s
Wipro's Deal Bookings Drop
Wipro's deal bookings fell 22.9% as growth outlook remains uncertain.
In brief
Wipro's deal bookings fell 22.9% as growth outlook remains uncertain. Wipro's deal bookings dropped 22.9% in Q3, with revenue outlook unchanged for Q4 despite AI growth opportunities. Originally reported by Financialexpress.
Wipro's Deal Bookings
Wipro reported a sharp decline in deal bookings to $2.6 billion.
Q4 Revenue Outlook
Wipro maintains flat revenue outlook for December quarter at -1.5% to 0.5%.
Margin Improvement
Operating margins improved 50 basis points to 16.5% despite revenue decline.
AI Growth Opportunities
Wipro's AI-native unit has 2,000 engineers but no revenue quantification.
Sector Performance
Healthcare declined 3.9% while technology and communications fell 2.8%.
Workforce Reduction
Wipro cut 6,716 employees to 236,328 staff, the steepest decline among peers.
What it means
Wipro's deal bookings dropped 22.9% in Q3, with revenue outlook unchanged for Q4 despite AI growth opportunities.
