Softness in Europe and APMEA
Europe and APMEA markets declined sequentially, with Europe pipeline healthy but conversion weak; APMEA strategy under review.
high · management_commentaryWipro's Q1 FY25 IT services revenue declined 1% QoQ in constant currency to $2.63 billion, within guided range but at the lower end.
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Europe and APMEA markets declined sequentially, with Europe pipeline healthy but conversion weak; APMEA strategy under review.
high · management_commentaryLarge deals signed in Q1 may take several quarters to fully ramp, limiting near-term revenue upside.
medium · management_commentaryE&U vertical declined 6.3% sequentially due to end of large programs; recovery dependent on pipeline conversion.
medium · analyst_questionSome competitors offering large productivity gains to clients via GenAI, potentially pressuring pricing.
low · analyst_question