Shruti Achar

Shruti Achar from The Economic Times inquired about the sequential decline in Total Contract Value (TCV) for the second consecutive quarter, seeking an explanation and Wipro's outlook on client spending and overall demand. She also asked for clarification on the extent to which the Harman DTS acquisition contributed to the current guidance.

Answer

Srini Pallia (CEO and Managing Director) noted that January is key for client budgeting, with a focus on cost optimization and AI-driven efficiency to fund AI projects, and highlighted a strong pipeline. Aparna C. Iyer (CFO) clarified that year-to-date TCV bookings were $13 billion (over 20% YoY growth) and large deal bookings were $6.3 billion (over 50% YoY growth), attributing quarter-on-quarter declines to the lumpy nature of large deals, with four mega deals in the first half. She confirmed the entire Harman DTS revenues are part of Q4 guidance, following a 0.8% contribution in Q3.

Shruti Achar from The Economic Times inquired about the sequential decline in Total Contract Value (TCV) bookings, the outlook for client spending and overall demand, and the specific contribution of the Harman DTS acquisition to the Q4 guidance.

Answer

Srini Pallia, CEO and Managing Director, explained that while discretionary spending is being closely watched, the pipeline remains strong across sectors and markets, driven by cost optimization and AI-led projects. Aparna C. Iyer, CFO, clarified that year-to-date TCV bookings are up over 20% and large deal bookings over 50% year-on-year, attributing the quarterly decline to the lumpy nature of large deals and previous strong quarters. She also confirmed that the Q4 guidance fully incorporates Harman DTS revenues.