Wipro Limited (NYSE:WIT) Q2 2025 Earnings Conference Call October 17, 2024 9:30 AM ET

For the period ending September 30, 2024

October 17, 2024 9:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, good day and welcome to Wipro Limited Q2 FY '25 Earnings Call.

As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions]. Please note that this conference is being recorded.

I now hand the conference over to Mr. Deepak Bora, Senior Vice President, Corporate Treasurer and Investor Relations. Thank you and over to you, sir.

Dipak Bohra

Yes. Thank you, Yashashri. A warm welcome to our quarter two financial year ’25 earnings call. We'll begin the call with the business highlights and overview by Srinivas Pallia, our Chief Executive Officer and Managing Director followed by updates on financial overview by our CFO, Aparna Iyer. We also have our CHRO, Saurabh Govil, on this call. Afterwards, the operator will open the bridge for Q&A with our management team.

Before Srini starts, let me draw your attention to the fact that during this call, we may make certain forward looking statements within the meaning of Private Securities Litigation Reform Act 1995. These statements are based on management's current expectations and are associated with uncertainties and risks, which may cause the actual results to differ materially from those expected. The uncertainties and risk factors are explained in our detailed filings with SEC. Wipro does not undertake any obligation to update the forward-looking statements to reflect events and circumstances after the date of filing. The conference call will be archived and a transcript will be available on our website.

With that, I would like to turn over the call to Srini. Thank you.

Srinivas Pallia

Thanks, Dipak. Hello, everyone. Thank you for joining me and my leadership team for our second quarter results for the financial year 2024-25. In Q2, we met our expectations for revenue, bookings and margins. The long-term potential of our business is strong and we are prepared to handle the current economic uncertainties. We continue to focus on our five strategic priorities and building a strong talent pool to capture AI opportunities.

Now let me go over the financial highlights for the quarter and share some specific insights on our markets and industry sectors.

All the revenue growth numbers I share will be in constant currency. Our IT services revenue for quarter two was $2.66 billion reflecting a sequential growth of 0.6%. This brings us closer to the upper end of our guidance.