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Wipro reports marginal Q4 profit decline and muted revenue growth.
Wipro issued weak Q1 FY27 guidance, expecting revenue to de-grow by up to 2 percent.
KEY POINTS
- Wipro reported annual revenue de-growth for the third consecutive year in both reported and constant currency terms.
- Large deal bookings grew 45.4 percent to $7.8 billion, but are slow to ramp up.
- Banking, financial services and insurance revenue declined year-on-year, with US spending becoming more conservative.
- Wipro's employee attrition fell to a 20-quarter low of 13.8 percent, but fresh hiring remains uncertain.
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