Dipesh Mehta

Dipesh Mehta inquired about changes in the net new deal mix within H1 bookings, potential delays in deal ramp-ups from the last six months, the resolution of client-specific challenges in Europe BFSI, and the expected timeline for achieving more broad-based growth across verticals given Q2 sequential declines.

Answer

Aparna Iyer, CFO of Wipro, confirmed that net new bookings for H1 were 'fairly good,' with Q2 including two net new deals, six renewals, and others being renewal-plus-expansion. She stated there were no delays in deal ramp-ups and that client-specific issues in Europe BFSI are largely resolved, expecting continued improvement. Srinivas Pallia, CEO and MD of Wipro, noted that consumer and energy/manufacturing sectors were impacted by tariffs, showing sequential and year-on-year degrowth, while other sectors are performing well, with proactive client engagement on cost optimization and supply chain challenges.

Dipesh Mehta from Emkay Global asked about any changes in the percentage of net new bookings compared to past H1 trends, whether there were delays in deal ramp-ups from the last six months, if client-specific challenges in Europe BFSI were resolved, and when to expect more broad-based growth given that three out of five verticals showed sequential decline.

Answer

Aparna Iyer, CFO, Wipro, stated that net new bookings for H1 FY26 have been 'fairly good,' with Q2 including two net new deals, six renewals, and others being renewal-plus-expansion. She confirmed no delays in deal ramp-ups and that client-specific issues in Europe BFSI are behind, expecting improved trajectory but noting the competitive environment. Srini Pallia, CEO and MD, Wipro, identified consumer, energy, and manufacturing as sectors impacted by tariffs, showing sequential and year-on-year degrowth, while other sectors were 'looking good' with opportunities in cost optimization and supply chain.