Slower conversion of large deals to revenue
Despite record TCV, revenue growth lags due to extended deal conversion timelines and lower discretionary spend.
WIPRO / Q2-FY24 / risks
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Wipro · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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Revenue decline in Europe and Americas Two
Europe declined 5% QoQ and Americas Two declined 2.3% QoQ, driven by financial services and manufacturing slowdown.
Margin pressure from wage hikes and furloughs in Q3
Wage hikes effective December and seasonal furloughs will pressure margins; management only expects range-bound performance.
Growth lagging peers despite strong deal wins
Analyst noted Wipro's organic growth is among the lowest in the industry; management attributes to portfolio mix and transformation focus.