Wipro gains after revenue beats estimates!

Wipro gains after revenue beats estimates despite weaker deal bookings Wipro reported September-quarter revenue of approximately ₹24,753 crore, up around 9% year-on-year. Consolidated net profit was approximately ₹3,200 crore, down about 1.9% from the year-ago period. Revenue came in slightly above analyst expectations, helping support the stock. However, total deal bookings declined approximately 45% year-on-year to $2.6 billion, highlighting a challenge in converting client opportunities into new business. For the December quarter, Wipro guided for IT services revenue to range from a 1.5% sequential decline to 0.5% growth in constant-currency terms. Wipro’s results show a mixed picture for investors tracking the Indian IT sector. Revenue resilience: Revenue growth indicates that the company is maintaining business activity despite pressure on technology spending. Weak deal bookings: A sharp decline in bookings raises questions about future revenue conversion and demand momentum. Near-term guidance: The December-quarter outlook suggests that a rapid recovery in growth is not yet assured. Potential deal conversion: Management indicated that two delayed large deals could close, making their progress important to monitor. The key question is whether Wipro can translate its pipeline into stronger bookings and sustained revenue growth. What should investors watch next? Whether the delayed large deals are finalised. New deal wins and total bookings in the next quarter. IT services revenue growth and operating margins. Demand from major client industries.