Wipro Limited (WIT) Q1 2027 Press Conference Call Transcript
Wipro Limited (WIT) Q1 2027 Earnings Call Transcript
Wipro NYSE: WIT reported modest year-over-year growth in its IT services business for the first quarter of fiscal 2027, while sequential revenue declined and margins fell as the company absorbed wage increases, large deal ramp-ups and continued investments in artificial intelligence.
India's No.4 software services provider Wipro posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector.
Wipro Limited (WIT) Shareholder/Analyst Call Transcript
Wipro shares rose 4% on Friday after the Indian IT services company expanded its partnership with ServiceNow, signalling a deeper push into agentic artificial intelligence for enterprise clients. The Bengaluru-based company said it would work with the US software provider to deploy agentic AI workflows across core business functions.
Shares of Wipro rose 4.67% before the market bell on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow to deploy agentic AI workflows across core enterprise functions.
Wipro Limited sold off yet again after a mixed quarter. A closer look at the WIT fundamentals points to more downside than upside. The risk/reward isn't yet favorable enough to warrant a position in WIT stock.
Wipro stock fell after the Indian IT services company issued a weak revenue outlook for the upcoming quarter, reviving investor concerns about demand, execution and the pace of any recovery in the sector. The softer guidance suggests clients remain cautious, particularly among banking and financial services customers in key overseas markets, while the conversion of deals into revenue continues to take longer than the market had hoped.
Wipro Limited (WIT) Q4 2026 Earnings Call Transcript
India's Wipro reported a fourth-quarter revenue that missed estimates on Thursday, as clients held back tech spending and as business from key customer Estee Lauder slowed down.
Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million.