Slower conversion of large deals to revenue
Despite record TCV, revenue growth lags due to extended deal conversion timelines and lower discretionary spend.
high · management_commentaryWipro Limited — Q2 FY24
Wipro's Q2 FY24 results reflect a challenging demand environment with IT services revenue declining 2% QoQ in constant currency, at the lower end of guidance.
bearish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
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.
high · data_observationMargin pressure from wage hikes and furloughs in Q3
Wage hikes effective December and seasonal furloughs will pressure margins; management only expects range-bound performance.
medium · management_commentaryGrowth 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.
medium · analyst_question