Wipro reports Q2 revenue of ₹24,752.7 crore, up 1.1%

Wipro Limited

reported second quarter revenue of ₹24,752.7 crore, registering a sequential top-line growth of 1.1%. The figure met market consensus expectations of ₹24,700 crore and expanded by ₹274.1 crore from ₹24,478.6 crore in the preceding quarter. My view: Revenue delivery showed divergence across key business segments. The consumer goods, travel, and transportation verticals generated positive deal momentum during the quarter. Concurrently, mid-market deal wins expanded with operating margins matching those of large enterprise accounts. However, the US healthcare vertical faced an operational drag caused by localized regulatory policy changes and client-specific spending reductions across parts of the Americas. Deal execution also saw fewer contract closures due to pending documentation. From a valuation viewpoint, meeting revenue estimates eliminates immediate downside shock to near-term guidance. Mid-market wins demonstrate healthy account expansion in cost-sensitive segments. Even so, the persistence of US healthcare softness into the third quarter caps near-term valuation multiple expansion. Because revenue growth remains modest at 1.1% sequentially, earnings acceleration will require both the stabilization of healthcare client budgets and higher conversion of pending large contracts. What I am watching: For the clients spending stabilization in the US healthcare vertical and deal closure conversion rates heading into the third quarter. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.