Q1 2027 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) reported IT services revenue of $2.61 billion for Q1 FY 2027, marking a 0.9% year-on-year increase.
- The company secured $3.4 billion in order bookings, including 13 large deals, indicating a healthy pipeline.
- Wipro Ltd (WIT) is executing a consulting-led AI-powered strategy, helping clients reimagine operations with AI at the core.
- The company has launched an AI-Native Business & Platforms Unit, focusing on building AI-powered industry platforms and business models.
- Wipro Ltd (WIT) has seen strong growth in Europe, particularly in BFSI, technology, and communication sectors.
- IT services revenue declined 1.2% sequentially, reflecting challenges in the current macroeconomic environment.
- Operating margins for the quarter were 16%, a decline of 1.2% year-on-year, impacted by salary increases and investments in AI.
- The Americas market remains soft, with declines both sequentially and year-on-year.
- The healthcare and energy manufacturing and resources sectors experienced softness, impacting overall growth.
- Guidance for Q2 indicates a potential sequential revenue decline of up to 1.5% in constant currency terms.
Ladies and gentlemen, good day and welcome to Wipro Limited Q1 FY 2027 earnings conference call. (Operator Instructions) Please note that this conference is being recorded, and the duration for today's call will be for 45 minutes.
I now hand the conference over to Mr. Abhishek Jain, Vice President, Corporate Treasurer, and Head of Investor Relations. Thank you and over to you.
Thank you, Yashashri. Good evening, and warm welcome to our Q1 FY 2027 earnings call. We'll begin the call with the business highlights and overview by Srinivas Pallia, our Chief Executive Officer and Managing Director, followed by updates on financial overview by our CFO, Aparna Iyer. We also have our CHRO, Saurabh Govil, and our Chief Strategist and Technology Officer, Hari Shetty, on this call. Afterwards, the operator will open the bridge for Q&A with our management team.
Before Srini starts, let me draw your attention to the fact that during this call, we may make certain forward-looking statements within
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