Q2 2025 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) met its expectations for revenue, bookings, and margins in Q2 FY25, demonstrating strong business performance.
- The company achieved a sequential growth of 0.6% in IT Services revenue, reaching $2.66 billion, which is near the upper end of their guidance.
- Operating margins expanded by 35 basis points quarter on quarter and 71 basis points year on year, reaching 16.8%.
- Total bookings increased by 8.4% quarter on quarter, amounting to $3.6 billion, with significant growth in large deals.
- Wipro Ltd (WIT) has trained and certified over 44,000 employees on advanced AI, aligning its workforce with emerging AI opportunities.
- Europe experienced a sequential decline of 0.1% due to weak demand and client-specific issues, impacting overall growth.
- The Energy & Utilities sector saw a sequential decline of 3.7%, indicating ongoing challenges in this segment.
- Guidance for Q3 indicates a potential revenue decline of up to 2% due to seasonal furloughs and fewer working days.
- Client-specific challenges in Europe and the Energy & Utilities sector continue to pose risks to growth.
- Despite strong deal wins, the conversion to revenue has been slower, affecting immediate financial performance.
Ladies and gentlemen, good day and welcome to Wipro Limited Q2 FY25 earnings call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Dipak Bohra, Senior Vice President, Corporate Treasurer and Investor Relations. Thank you, and over to you, sir.
Yes. Thank you, Yashashree. A warm welcome to our quarter two financial year '25 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, 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 the meaning of Private Securities Litigation Reform Act 1995.
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