Wipro is improving on deal wins and AI adoption

Wipro is improving on deal wins and AI adoption, but compared with Tech Mahindra, its earnings-growth momentum is currently weaker. I would classify Wipro as a turnaround + AI transition story, rather than a high-growth IT stock. 🟢 Positive factors Q1 FY27 revenue: ₹24,480 crore, +10.6% YoY IT Services revenue grew 1.0% YoY in constant currency. Large deal bookings: $1.63 billion, +12.9% QoQ, with 13 large deals. Operating cash flow was 98% of net income, showing strong cash conversion. The company declared an interim dividend of ₹2/share. The strongest part of the quarter was large-deal momentum. Wipro is winning multi-year AI-enabled transformation contracts across technology, healthcare, chemicals and enterprise applications. 🤖 AI is the biggest future trigger Wipro is moving toward an AI-powered operating model, including GenAI, digital agents, AIOps and agentic AI. More than 100,000 employees have received advanced AI training, and management says AI-driven productivity has created capacity equivalent to around 20,000 employees, which is being redeployed rather than simply reducing headcount. The recent partnership with CrowdStrike to launch a CISO Command Centre is another example of Wipro trying to monetise AI and cybersecurity together.