Key facts: Wipro Q2 bookings at $4.7B; shares drop 4.5%; AI interest rises
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- In Q2, Wipro reported total bookings of $4,688 million, highlighting a gradual return to a growth trajectory, with three of its four Strategic Market Units (SMUs) experiencing sequential growth.1
- Wipro Ltd. shares fell 4.5% after the September quarter, despite beating revenue forecasts, due to analyst worries about margin pressures from deal ramp-ups and recent acquisitions.2
- Wipro's CEO, Srini Pallia, reported an increasing client interest in transitioning from proof of concepts to the implementation of AI and agentic AI within business processes and workflows.3