Continued weakness in Europe
Europe declined 0.1% QoQ due to weak demand and client-specific issues; management expects softness to persist in Q3.
high · management_commentaryWipro Limited — Q2 FY25
Wipro's Q2 FY25 results met expectations with IT services revenue of $2.66B (0.6% QoQ CC) and operating margin of 16.8%, expanding 71bps YoY.
neutral
medium
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Delayed recovery in Manufacturing and ENU
Manufacturing (-2%) and Energy & Utilities (-3.7%) remained weak; management cited pipeline but no timeline for recovery.
high · analyst_questionFurlough impact on BFSI and Capco
Capco's consulting business is more susceptible to furloughs, which could weigh on Q3 growth despite strong momentum.
medium · management_commentarySlow conversion of large deals to revenue
Large deals take 2-3 quarters to ramp up; analyst flagged delayed conversion, though management expressed confidence.
medium · analyst_question