Wipro Management Guidance Tracker

Management expects Q2 revenue to decline 2% to grow 1% sequentially in constant currency, reflecting ongoing macro uncertainty.

IT services revenue expected between $2.617B and $2.672B, reflecting furloughs and weak discretionary spend.

Management guided sequential constant currency revenue growth of 2%-4% for Q4 FY24.

Implied full-year growth of 27%-28% based on Q4 guidance.

IT services revenue expected between $2.617B and $2.670B, implying a sequential decline of 1.5% to growth of 0.5% in constant currency.

Management expects IT services revenue to change between -1% and +1% sequentially in constant currency for Q2 FY25.

Revenue expected to be $2.607B-$2.660B, impacted by seasonal furloughs and fewer working days.

Management expects IT services revenue to be between $2.602B and $2.655B in constant currency terms for Q4.

Management expects IT services revenue between $2.505B and $2.557B, reflecting a sequential decline of 1.5% to 3.5% in constant currency.

IT services revenue expected between $2.56B and $2.612B, reflecting cautious near-term outlook.

Sequential constant currency revenue growth of -0.5% to +1.5%.

Sequential constant currency revenue growth guidance of 0% to 2%, including incremental two months of Harman DTS revenue.

IT services revenue expected between $2.597B and $2.651B, reflecting seasonal weakness and client-specific issues.

Operating margins are expected to remain around 16% in Q2, similar to Q1, with no salary increases planned until Q3.

Despite wage hikes from December and softer revenue, management aims to keep margins within recent quarters' band.

Management expects margins to stay within a narrow band similar to recent quarters, with no specific target provided.

Management expects operating margins to sustain within a narrow band with an upward bias in coming quarters.

Despite headwinds from furloughs and salary increases, management confident of maintaining margins within a narrow band.

Q2 margin of 16.8% brings company closer to the aspirational band; revenue growth needed to sustain beyond 17%.

CFO stated confidence in sustaining margins in a narrow band around the current level for Q4.

CFO stated endeavor to maintain operating margins in a narrow band in coming quarters, despite revenue headwinds.

Management intends to maintain adjusted operating margin in a narrow band around 17.2%.

Management aims to maintain operating margins in the same band as recent quarters despite Harman dilution.

Management aims to keep operating margins in a narrow band despite wage hikes, deal ramp costs, and AI investments.

Wipro announced a $1B investment in AI, primarily organic, covering solutions, training, research, and M&A, funded through operational efficiencies.

Wipro plans to train its entire workforce in AI fundamentals and advanced topics, leveraging its DICE ID platform for credentialing.

Management sees strong deal backlog and pipeline, expecting growth improvement as market stabilizes.

Planned to hire 30,000 freshers in FY23, up from 17,500 in FY22.

CEO indicated plans to hire 10,000-12,000 freshers each quarter in the next fiscal year, alongside lateral hiring.

CHRO indicated plans to continue campus hiring but will monitor environment to avoid over-hiring, as seen in past.

Management expects stronger revenue growth in second half due to large deal ramp-ups and strong pipeline.

Plans to hire 2,500 freshers from campuses in Q4 FY26, up from 400 in Q3.

Management expects attrition to stabilize and moderate in the next quarter.

Board approved cumulative payout of 70% or more of net income over a three-year block starting FY26, via dividends and buybacks.

Interim dividend of INR 5/share declared; endeavor to pay dividends twice a year (June and Q3 results).

Largest buyback in Wipro's history, expected to complete in Q1 FY27, subject to shareholder approval.

Expected to close during Q3; revenue from acquisition not included in guidance.