Tag: Wipro

  • Leading Modernization Engineering Services Firms for Legacy Technology Transformation

    Leading Modernization Engineering Services Firms for Legacy Technology Transformation

    Modernizing legacy technology is no longer just an IT upgrade—it has become a strategic necessity for enterprises aiming to keep applications secure, reduce technical debt, and prepare systems for cloud computing, automation, and artificial intelligence. Businesses are increasingly turning to engineering and IT services companies that can assess legacy systems, migrate workloads, rebuild applications, and introduce modern architectures without disrupting daily operations. Industry research highlights several global technology providers for their capabilities in application and legacy modernization.

    10 Leading Firms Transforming Legacy Technology

    Here are ten companies that stand out in the modernization engineering services space:

    Accenture

    Accenture offers a broad application modernization practice covering legacy assessment, architecture planning, cloud migration, application transformation, and mainframe modernization. The company also uses automation and AI-assisted approaches to help enterprises modernize large application estates.

    Tata Consultancy Services (TCS)

    TCS works with large enterprises on application modernization, cloud transformation, and legacy technology upgrades. Its scale and global delivery network make it a major provider for organizations managing complex technology environments. TCS was named a Leader in Forrester’s 2024 assessment of application modernization and migration services.

    Infosys

    Infosys takes an AI- and cloud-first approach to modernization. Its services cover legacy applications, mainframes, databases, cloud migration, technology upgrades, and the transition of monolithic applications to microservices.

    Capgemini

    Capgemini helps businesses modernize applications and technology environments while moving toward cloud-native architectures. The company has been recognized among the leading providers in application modernization and migration services.

    HCLTech

    HCLTech is a major player in legacy and application modernization. Its services focus on helping enterprises move away from older technology environments while adopting cloud, automation, and modern engineering practices. HFS Research included HCLTech among its 2025 Market Leaders.

    Cognizant

    Cognizant offers end-to-end modernization services, from application assessment and migration to cloud-native transformation. Its Skygrade platform uses automation, modern tooling, and generative AI to support large-scale cloud modernization programs.

    IBM

    IBM Consulting focuses strongly on hybrid cloud and AI-led application modernization. Its services include migrating and modernizing existing applications, containerizing legacy systems, and incrementally improving older applications rather than replacing everything at once.

    Wipro

    Wipro provides modernization through rehosting, re-platforming, refactoring, and rearchitecting applications. Its services also cover integration and data modernization, with GenAI being used to speed up parts of the transformation process.

    EPAM Systems

    EPAM has an engineering-focused modernization practice covering applications, platforms, and data. It also uses AI for legacy code migration and documentation, alongside cloud, containerization, and platform engineering capabilities.

    LTIMindtree

    LTIMindtree is a notable provider for enterprises looking to modernize legacy and mainframe environments. The company has been included among major application modernization providers assessed by industry research firms.

    Final Take

    Modernization engineering is becoming a long-term technology strategy rather than a one-time migration project. Companies need to balance legacy systems with cloud adoption, AI, security, and the need to release software faster. The right modernization partner depends on the size of the technology estate, the complexity of legacy applications, and the organization’s cloud and AI roadmap. For large-scale transformation, companies such as Accenture, TCS, Infosys, Capgemini, HCLTech, and Cognizant remain prominent names, while IBM, Wipro, EPAM, and LTIMindtree offer additional options across different modernization needs.

    Frequently Asked Questions

    What are modernization engineering services?

    Modernization engineering services help businesses upgrade legacy applications, migrate systems to cloud platforms, improve architecture, introduce automation, and integrate artificial intelligence while maintaining business continuity and reducing technical debt.

    Why do companies need modernization engineering services?

    Companies use modernization engineering services to address outdated technology, improve application performance, strengthen security, reduce maintenance costs, support scalability, and create technology environments capable of adapting to changing business requirements.

    Which companies provide modernization engineering services?

    Leading providers include Accenture, Tata Consultancy Services, Infosys, Capgemini, HCLTech, Cognizant, IBM, Wipro, EPAM Systems, and LTIMindtree, offering different combinations of application, cloud, mainframe, data, and digital engineering modernization capabilities.

    How does AI support application modernization?

    AI can assist modernization by analyzing legacy code, generating documentation, identifying dependencies, suggesting code improvements, automating testing, and accelerating migration activities, helping engineering teams modernize applications more efficiently.

    How should businesses choose a modernization engineering partner?

    Businesses should evaluate a provider’s legacy technology expertise, cloud capabilities, engineering experience, security practices, AI adoption, industry knowledge, delivery scale, modernization methodology, and ability to support long-term transformation goals.

  • Wipro and CrowdStrike Launch CISO Command Center to Transform Enterprise Cybersecurity with AI-Driven Risk Management

    Wipro and CrowdStrike Launch CISO Command Center to Transform Enterprise Cybersecurity with AI-Driven Risk Management

    EAST BRUNSWICK, NJ | BENGALURU, India | AUSTIN, Texas – Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch of its Chief Information Security Officer (CISO) Command Center, in collaboration with CrowdStrike (NASDAQ: CRWD). The Command Center rewires enterprise security for frontier AI-accelerated risks to create proactive, risk-informed cyber resilience aligned to business priorities.

    The CISO Command Center reinforces Wipro’s consulting-led cybersecurity strategy by enabling enterprises to move from tool-driven operations to an enterprise-wide, risk-led operating model. The Center will be operationalized through Wipro Intelligence™ solutions – CyberTransformSM and CyberShieldSM – and supported by the CrowdStrike Falcon® platform. It will deliver integrated protection across endpoint security, cloud security, exposure management, and AI security, while unifying detection and response through a modern Security Operations Center (SOC).

    “Cyber risk is intensifying pressure on boardroom decision-making. Threats that once remained dormant for months can now materialize within hours, driven by external triggers and AI-enabled exploitation,” said Amar Bysani, Global Practice Head – Cybersecurity and Risk Services, Wipro Limited. “The Command Center will work with enterprises to turn security signals into business risk intelligence, enabling them to sense, prioritize, and respond at machine speed.”

    Daniel Bernard, Chief Business Officer, CrowdStrike, said: “AI is fundamentally changing both the threat landscape and how enterprises run defense programs. Together, CrowdStrike and Wipro are giving CISOs the AI-native security, intelligence, and services they need to turn risk into action at machine speed and transform security into a business advantage.”

    The offering is further strengthened by Wipro’s membership in CrowdStrike’s Project QuiltWorks, a global coalition focused on identifying, prioritizing, and remediating frontier AI risk.

    About Wipro Limited
    Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging a consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, the company helps clients realize their boldest ambitions to build intelligent and sustainable businesses. With over 240,000 employees and business partners across 65 countries, Wipro delivers on the promise of helping customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit www.wipro.com.

    About CrowdStrike
    CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data. Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities. Learn more at www.crowdstrike.com.

  • IT Stocks Rise as Infosys Shorts Are Covered and Tech Mahindra Draws Fresh Bets

    IT Stocks Rise as Infosys Shorts Are Covered and Tech Mahindra Draws Fresh Bets

    The Indian IT sector rallied in Tuesday’s trading session as bearish bets on Infosys were unwound and fresh buying emerged in Tech Mahindra. TCS led the gains, helping the entire sector close on a strong note.

    Tech Mahindra’s futures surged 2.30% to Rs 1,675, with open interest climbing 9.86% — a clear sign of new money entering the stock. Meanwhile, TCS, Infosys, and HCLTech futures advanced between 1% and 2%, but their open interest declined, indicating short covering rather than fresh accumulation. Wipro futures edged up 0.91%, but open interest fell 0.26%.

    The contrasting open interest data reveals diverging investor strategies. Short covering in Infosys suggests that bearish traders rushed to exit positions as the stock rebounded. In contrast, Tech Mahindra’s rising open interest signals that institutional and retail investors are placing fresh bets, betting on further upside.

    The broader market context also supports the rotation into IT. After a strong run in banking and other cyclical sectors, traders are now rotating capital into technology stocks, seeking the next wave of growth. This shift in focus has given the Nifty IT index a fresh lift.

    Market analysts note that fresh buying — rather than mere short covering — is often viewed as a more durable indicator of confidence. The latest data suggests that while some investors were forced to cover shorts in Infosys, others are actively building positions in Tech Mahindra, expecting the stock to outperform.

    The IT sector’s performance will remain sensitive to global cues, corporate earnings, and currency movements. However, the recent price action and volume patterns indicate that many traders believe the rally has further room to run.

    As always, investors should monitor evolving macro conditions and company-specific developments before making trading decisions.

  • Wipro Seeks Azure Data Engineer with Databricks, SQL, and PySpark Expertise

    Wipro Seeks Azure Data Engineer with Databricks, SQL, and PySpark Expertise

    Wipro, a global leader in IT consulting and business process services, is hiring an Azure Data Engineer skilled in Databricks, SQL, and PySpark. The role is based in major Indian cities including Bengaluru, Hyderabad, Chennai, Mumbai, and Pune. The ideal candidate will design scalable data systems, resolve technical challenges, and enhance operational support within active data engineering teams.

    Key Responsibilities

    • Oversee daily team performance by reviewing transactions and process quality parameters.
    • Provide technical guidance to production specialists and continuously improve process efficiency.
    • Document client queries, resolutions, and troubleshooting steps systematically.
    • Handle technical escalations with effective diagnosis and resolution within defined SLA timelines.
    • Conduct training sessions to close skill gaps and boost technical capabilities.

    Essential Qualifications

    • Bachelor’s degree in Computer Science or a related field.
    • Extensive Azure Data Engineering experience with Databricks and PySpark.
    • Strong SQL proficiency for data querying, transformation, and database management.
    • Proven ability to troubleshoot data pipelines and resolve production issues.
    • Experience in enterprise environments with SLA-based delivery models and client support.

    Preferred Skills

    • At least 2 years of experience with cloud-based data platforms and distributed processing frameworks.
    • Strong analytical and problem-solving abilities for complex data engineering challenges.
    • Mentoring and training skills to instruct team members on technical topics.
    • Familiarity with performance monitoring dashboards and reporting tools.
    • Excellent communication skills for client interaction and cross-team collaboration.

    Location: Bengaluru, Hyderabad, Chennai, Mumbai, Pune
    Experience: 5–8 years
    Job Type: Full-time
    Apply: Submit your application.

  • How to Share Your Smart Doorbell with Every Household Member

    How to Share Your Smart Doorbell with Every Household Member

    When I first considered installing a smart doorbell, I assumed connecting it to my phone would be enough. However, this became inconvenient whenever I was in a meeting, traveling, or unable to check an alert immediately.

    Other family members could hear someone at the entrance, but they could not view the visitor or respond through their phones. I realized that a video doorbell becomes much more useful when everyone responsible for the home can receive alerts.

    After a bit of research, I figured out the solution. All I had to do was configure the doorbell on one primary phone and share access with other household members. Here is how you can set up a similar arrangement.

    Why I Wanted Everyone to Receive Alerts

    A conventional calling bell only informs people who can physically hear it. A video doorbell can also let authorized household members see who is outside and communicate with visitors through their phones.

    Restricting these functions to one person limits their usefulness. I might miss an alert while working, but another family member could still respond to a delivery. If nobody was home, an authorized person could remotely check who was at the entrance.

    Giving multiple people access therefore made the doorbell part of our broader smart home security setup instead of leaving it under the control of one person.

    I Started with One Primary Phone

    As more household devices become connected, brands such as Wipro Consumer Lighting are expanding beyond lighting to offer integrated smart-home security solutions. Products such as the Wipro Smart Wi-Fi Video Doorbell Pro are designed to help households monitor and manage their entrances through a connected app.

    The first step was to install the doorbell and connect it to a primary smartphone. This phone served as the main device for creating the account, adding the doorbell, and managing access for other users.

    The Wipro Smart Wi-Fi Video Doorbell Pro can be managed through the Wipro Next Smart Home app. Wipro also states that multiple family members can access the smart doorbell through the app.

    I Shared the Device, Not the Password

    It may appear easier to use the same account and password on every phone. However, sharing the primary login can make access difficult to manage and may create unnecessary security concerns.

    Instead, I used the app’s device-sharing or household-access feature. Depending on the current app version, the exact name and location of this option may differ.

    The process generally involves opening the doorbell in the app, entering its settings, and selecting the available sharing option. The primary user can then invite another household member through the account details requested by the app.

    Using the official sharing function means each person can access the device through an individual account without knowing the password of the primary user.

    Everyone Installed the App

    Each person who needed doorbell access installed the Wipro Next Smart Home app on their phone. They then created an account or signed in and accepted the invitation sent by the primary user.

    Once the shared doorbell appeared in the app, we checked whether each person could:

    • Receive a doorbell alert
    • Open the live video feed
    • View the entrance
    • Use the available communication controls

    The Wipro Smart Wi-Fi Video Doorbell Pro features a 3 MP 1296p Full HD camera and night vision. Its connected functions allow authorized users to see and communicate with visitors through their phones.

    These capabilities are particularly useful in households where different people may be responsible for answering the entrance at different times.

    I Checked Notifications Separately

    Sharing access does not always guarantee that every phone will produce an alert. Notifications must also be enabled through the app and the settings of each phone.

    On every device, I checked that:

    • App notifications were enabled
    • Doorbell alerts were active
    • The app could run in the background
    • Battery-saving settings were not blocking notifications
    • Sound and vibration permissions were allowed
    • The phone had a working internet connection

    We then pressed the doorbell and confirmed which phones received the alert.

    This test helped identify phones that could access the live feed but were suppressing notifications. Checking these permissions during setup reduces the risk of missing a visitor later.

    I Limited Access to Trusted Users

    Connecting the doorbell to everyone did not mean giving access to every person who entered the house. I shared it only with family members who genuinely needed to monitor or answer the entrance.

    I also planned to review access whenever someone changed phones, moved out, or no longer needed control. The primary user should remove accounts that no longer require access.

    A doorbell camera also serves a different purpose from a conventional CCTV camera. While CCTV cameras may monitor broader areas, a video doorbell focuses on the entrance and enables direct interaction with visitors.

    Both can support smart home security, but access to their footage should remain limited to trusted users.

    Shared Access Made the Doorbell More Useful

    Connecting the doorbell to multiple phones prevented responsibility for the entrance from falling on one person. When I could not respond, another authorized household member could still check the visitor.

    The Wipro Smart Wi-Fi Video Doorbell Pro supports connected app access for family members, making it suitable for a shared household setup. The key is to configure one primary account, invite other users through the official sharing feature, enable notifications on every phone, and regularly review access.

    With those steps completed, a video doorbell becomes more than a replacement for a calling bell. It becomes a shared smart home security tool that helps the household respond even when the primary user is unavailable.

  • Top Indian Web Development Companies to Partner With in 2025

    Top Indian Web Development Companies to Partner With in 2025

    India is home to some of the world’s most capable web development firms, offering everything from enterprise-grade applications to agile digital experiences. Whether you need a robust e-commerce platform, a cloud-native solution, or AI-powered customer portals, these Indian companies lead the market with proven expertise and global reach.

    Tata Consultancy Services (TCS): TCS delivers enterprise-grade web development, cloud integration, digital transformation, and scalable business applications for global organizations across multiple industries.

    Infosys: Infosys specializes in custom web applications, AI-powered digital experiences, responsive websites, and enterprise modernization solutions tailored to evolving business requirements worldwide.

    HCLTech: HCLTech provides secure web development, cloud-native applications, API integration, and digital engineering services that help businesses accelerate online transformation and growth.

    Wipro: Wipro builds responsive websites, enterprise portals, e-commerce platforms, and customer-focused digital experiences using modern technologies and agile development methodologies efficiently.

    Tech Mahindra: Tech Mahindra develops scalable web platforms, digital commerce solutions, customer engagement portals, and cloud-enabled applications for businesses across diverse sectors globally.

    LTIMindtree: LTIMindtree combines digital engineering, UI/UX expertise, cloud technologies, and application modernization to create high-performance web solutions for modern enterprises and startups.

    Persistent Systems: Persistent Systems focuses on custom web applications, SaaS platforms, API development, and cloud-based digital products that support innovation and business scalability effectively.

    Net Solutions: Net Solutions offers product engineering, web development, e-commerce solutions, and user-centric digital experiences for startups, enterprises, and fast-growing technology companies worldwide.

    OpenXcell: OpenXcell delivers affordable custom website development, web applications, e-commerce platforms, and dedicated development teams for businesses seeking scalable digital solutions.

  • Indian Stock Market Surges: Sensex Gains Over 900 Points, Nifty Crosses 24,300

    Indian Stock Market Surges: Sensex Gains Over 900 Points, Nifty Crosses 24,300

    Indian benchmark indices surged in Friday’s afternoon session, with the Sensex jumping over 900 points and the Nifty crossing the 24,300 mark. Broad-based buying across banking, IT, and heavyweight stocks lifted investor sentiment and pushed markets sharply higher.

    Indian equity benchmarks ended Friday’s session on a strong note, outperforming most Asian markets as robust buying in information technology and financial stocks offset concerns over rising crude oil prices and geopolitical tensions in the Middle East. Investors largely focused on the ongoing June-quarter earnings season, with encouraging corporate results boosting market sentiment.

    The Sensex rose 912.74 points, or 1.18%, to 78,099.61, while the Nifty climbed 248.10 points, or 1.03%, to 24,320.85. The gains pushed the Nifty above the 24,300 mark, reflecting broad-based buying across sectors.

    IT and Financial Stocks Drive the Rally

    The IT sector took center stage in Friday’s rally as Tech Mahindra delivered better-than-expected quarterly results, sparking buying sentiment in technology-related stocks. Shares of Infosys, HCL Technologies, and Tata Consultancy Services rose, with analysts believing the quarter could mark a turning point for the underperforming sector. Banks were also strong, with Jio Financial Services jumping on better-than-expected quarterly results and loan growth estimates for Reliance Industries ahead of its Q1 results.

    Wipro, CEAT Among Major Laggards

    Wipro got off to a poor start as its quarterly earnings fell short of expectations, and management hinted at a delayed-than-anticipated demand recovery. Tire maker CEAT also took a severe beating due to weak earnings performance. Some pharma and metals sector companies were under selling pressure, with Cipla, Dr. Reddy’s Lab, and Hindalco ending on a negative note.

    Earnings Season Takes Center Stage

    According to market analysts, corporate profits and management outlooks should continue driving stock market movements in the coming weeks. Despite high oil prices and geopolitical instability being important factors, market participants will be closely watching how companies perform during the quarterly earnings season.

    Weekly Market Performance (July 13–17)

    The Indian equity market closed on a bullish note despite staying confined to a range during the July 13–17 week due to uncertainties in the global economic environment and expectations of earnings from Indian companies. The Sensex and Nifty stayed in a tight range as traders weighed strong corporate performance in Q4 June against rising crude oil prices and tensions in the Middle East.

    The week started with a volatile session on Monday as major indices managed to recover from early losses due to strong performance in IT sector stocks driven by earnings results and significant deals. The rally on Friday, led by stocks such as Reliance Industries, Jio Financial Services, Tech Mahindra, and private banking stocks, boosted the major benchmarks.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

  • Wipro Lowers Utilization to Build Capacity, Maintains AI Hiring Focus Despite Soft Demand

    Wipro Lowers Utilization to Build Capacity, Maintains AI Hiring Focus Despite Soft Demand

    Wipro has deliberately reduced employee utilization to create capacity for upcoming client engagements, even as the company continues to hire in close alignment with business demand. The strategy is aimed at ensuring the IT services firm has enough workforce ready to execute deals already in the pipeline.

    Speaking after the company’s June quarter results, Chief Financial Officer Aparna Iyer said the lower utilization was a planned move rather than a sign of weaker execution.

    “If you look at utilization year on year, we have decreased our utilization to invest in some of the deals that we’re looking at,” Iyer said. “That will also go up through the year. That will also be a lever.”

    Margins Depend on AI Investments

    Iyer said utilization would remain one of the company’s key margin levers over the coming quarters, alongside productivity gains from fixed-price projects, pyramid optimization, and tighter control over administrative expenses.

    She noted that Wipro’s operating margin has improved steadily over the past eight quarters, rising from nearly 15% to the 17-17.5% range. However, she said sustaining or improving those levels would depend on how much the company invests in artificial intelligence capabilities.

    Hiring to Remain Demand-Driven

    Chief Human Resources Officer Saurabh Govil said Wipro is not planning aggressive hiring despite a modest increase in headcount during the June quarter. Recruitment will continue to mirror client demand, while productivity improvements are expected to offset the need for significant workforce expansion.

    “Our overall headcount and hiring will be linked more to the demand environment, which is right now a bit muted,” Govil said. “But I don’t see a headcount going up drastically. I see that the gains of productivity, which we’re talking about, will have a play as we move forward.”

    Govil added that the company is balancing investments in upskilling existing employees with the hiring of specialized AI talent, which remains expensive.

    “Some of the AI skills are rare, so they are coming at a premium. So all forces are in play. We’ll have to invest, grow, and make sure we maintain our margins.”

    Headcount Rises, Bookings Remain Strong

    Wipro added 888 employees during the June quarter, taking its total workforce to 2.43 lakh from 2.42 lakh in the previous quarter. Attrition edged up slightly to 13.9% from 13.8%.

    The company reported a 0.9% year-on-year increase in quarterly revenue, while operating margins declined by 120 basis points due to a client-specific deal and continued investments in AI. Wipro also secured $3.3 billion in bookings during the quarter, including 13 large deals valued at $1.6 billion.

  • Wipro Reports Q1 FY2027 Results: IT Services Revenue Grows 0.9% YoY, Large Deal Bookings Jump 12.9% QoQ

    Wipro Reports Q1 FY2027 Results: IT Services Revenue Grows 0.9% YoY, Large Deal Bookings Jump 12.9% QoQ

    Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced its financial results for the first quarter ended June 30, 2026. The company reported a 0.9% year-over-year increase in IT services revenue on a constant currency basis, with large deal bookings surging 12.9% quarter-over-quarter to $1.6 billion.

    Key Financial Highlights

    • Gross revenue: ₹244.8 billion ($2,585.9 million), up 1.0% QoQ and 10.6% YoY.
    • IT services revenue: $2,614.5 million, down 1.4% QoQ but up 1.0% YoY; non-GAAP constant currency growth of 0.9% YoY.
    • Total bookings: $3,370 million, down 2.4% QoQ in constant currency.
    • Large deal bookings: $1,626 million, up 12.9% QoQ in constant currency, including 13 large deals.
    • IT services operating margin: 16.0%, down 1.3% QoQ and 1.2% YoY.
    • Net income: ₹33.6 billion ($354.6 million), down 4.7% QoQ but up 0.6% YoY.
    • Earnings per share: ₹3.20 ($0.031), down 4.2% QoQ but up 0.6% YoY.
    • Operating cash flow: ₹32.9 billion ($348 million), at 98% of net income, up 3.6% QoQ.
    • Voluntary attrition: 13.9% on a trailing 12-month basis.
    • Interim dividend: Declared ₹2 ($0.021) per equity share/ADS.

    Management Commentary

    Srini Pallia, CEO and Managing Director, said, “Clients are moving beyond technology modernization to AI-enabled operating models that improve quality, resilience, and productivity. Wipro’s consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner.”

    Aparna Iyer, Chief Financial Officer, added, “As we navigate an evolving technology landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, it sets a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter. We are also pleased to share that the Board has declared an interim dividend of ₹2 per share. Including this dividend and payouts made over the past year, we would have returned more than $3 billion in cash to our shareholders while continuing to invest steadily for growth.”

    Strategic Deal Wins

    Wipro secured multiple large and strategic deals during the quarter across industries. Key wins include:

    • A global chemicals company selected Wipro for a multi-year IT modernization deal, leveraging AI and GenAI for automation and cost optimization.
    • A major US technology company renewed its engagement for geospatial data operations, using AI-powered global delivery.
    • A US health insurer extended its digital workplace support contract with AI-infused service delivery.
    • A leading Australian health and community services provider chose Wipro to modernize its technology landscape.
    • Capco, a Wipro company, secured engagements with a global energy company and a US housing finance institution for data modernization and program execution.

    Analyst Recognition

    Wipro was recognized as a Leader in several industry reports, including ISG Provider Lens for Semiconductor Services, Avasant RadarView for Banking and High-Tech Digital Services, and Everest Group’s Healthcare Payer Digital Services PEAK Matrix® Assessment.

    Outlook for Q2 FY2027

    For the quarter ending September 30, 2026, Wipro expects IT services revenue in the range of $2,574 million to $2,627 million, translating to sequential guidance of (-)1.5% to (+)0.5% in constant currency terms.

  • Wipro Shares Rise 1.65% Ahead of Q1 FY27 Results: Revenue Guidance and AI Strategy in Focus

    Wipro Shares Rise 1.65% Ahead of Q1 FY27 Results: Revenue Guidance and AI Strategy in Focus

    Wipro shares climbed 1.65% to Rs. 177.39 on the NSE as investors awaited the company’s Q1 FY27 earnings announcement scheduled after market hours on July 16. The stock touched an intraday high of Rs. 180.79 and a low of Rs. 176.29, reflecting cautious optimism ahead of the results.

    India’s fourth-largest IT services company is expected to report another subdued quarter, with analysts forecasting muted sequential revenue and profit growth amid continued weakness in discretionary technology spending. While the June quarter numbers are unlikely to surprise the Street, the management’s outlook on artificial intelligence (AI), client spending, large deal momentum, and revenue guidance for the September quarter is expected to determine investor sentiment.

    June Quarter Likely to Reflect Cautious Spending

    Brokerage estimates place Wipro’s consolidated revenue for Q1 FY27 at Rs. 24,850 crore to Rs. 25,350 crore, indicating high double-digit year-on-year growth. However, sequential growth is expected to be minimal as firms defer technology spending amid uncertain macroeconomic conditions. Currency appreciation could provide some lift to revenue figures, but demand remains weak in overseas geographies, according to analysts.

    Margins May Face Temporary Pressure

    The bottom line is projected to come under continued strain due to Wipro’s investments in artificial intelligence, salary increases, and expenses tied to recently signed large deals. Despite these challenges, market experts expect the company to sustain stable margins through cost control measures. Analysts will closely monitor any management commentary regarding margin improvement in the remaining period of fiscal year 27.

    Guidance Will Be the Biggest Market Trigger

    The Street believes Wipro’s September quarter guidance will carry greater significance than its reported June quarter numbers. Technology budgets in both North America and Europe remain very prudent, with emphasis on savings over digital transformation plans. An improvement in discretionary spending would be a major positive for investors. Conversely, a more cautious stance might confirm doubts about further recovery in the IT services industry.

    AI Remains the Long-Term Growth Story

    Artificial intelligence continues to be a major talking point within the global technology services sector, and Wipro is expected to provide insight into its AI plans during the quarterly earnings call. Analysts and investors will be keen to see signs that pilot AI deals are moving toward larger projects that can generate future revenue. Generative AI adoption and consulting demand will come under intense scrutiny.

    What Investors Will Monitor

    • Estimated Revenue Drivers: Currency benefits, acquisition contributions, and large deal wins.
    • Large Deals and BFSI Outlook: BFSI (banking, financial services, and insurance) remains a major revenue contributor. Large deal signings will be closely watched as they provide visibility into future growth.
    • Dividend Decision: Wipro’s board is expected to consider an interim dividend alongside the results, which will attract investor attention.

    Market Outlook

    Wipro’s June quarter is not expected to show significant performance, with growth likely flat due to global uncertainty and cautious technology investments. However, the results alone are not the main focus. The outlook and commentary from management regarding AI opportunities, client spending, large deals, and the September quarter guidance will be the key drivers for investor sentiment.