Wipro revenue drops 2.3% in June quarter
Wipro's Q1 revenue saw a 2.3% decline in constant currency, staying within projected guidance. CEO Srini Pallia noted muted demand due to macro uncertainty, with clients prioritizing cost optimization and AI initiatives. Despite this, Wipro reported strong deal wins, reaching $5 billion, a 50.7% year-on-year increase.
Wipro's Q1 revenue saw a 2.3% decline in constant currency, staying within projected guidance. CEO Srini Pallia noted muted demand due to macro uncertainty, with clients prioritizing cost optimization and AI initiatives. Despite this, Wipro reported strong deal wins, reaching $5 billion, a 50.7% year-on-year increase.
