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    Sumeet Jain

    Research Analyst at CLSA

    Sumeet Jain is an Investment Analyst at CLSA, specializing in equity research primarily focused on the Indian IT sector, with additional coverage in technology-related industries. He covers companies such as Infosys, Tech Mahindra, and Persistent Systems, and has achieved a 55.56% success rate across 10 stocks with a 2.99-star analyst rating on TipRanks. With over 15 years of experience, Jain began his career after graduating from Delhi College of Engineering, later earning an MBA from IIM Lucknow and completing further finance studies at SDA Bocconi, before joining CLSA in Mumbai. He holds advanced finance credentials including Level 2 CFA and has been recognized for his insights on sector performance and Gen AI trends.

    Sumeet Jain's questions to WIPRO (WIT) leadership

    Sumeet Jain's questions to WIPRO (WIT) leadership • Q2 2025

    Question

    Sumeet Jain asked about the growth expectations for the BFSI vertical embedded in the Q3 guidance, given its strong momentum but high exposure to furloughs. He also questioned the strategy for the struggling Manufacturing and E&U verticals, the pace of revenue conversion from large deals, and the reason for the consistent decline in the number of active customers.

    Answer

    CFO Aparna Iyer confirmed that BFSI's strong momentum is tempered by higher furlough impacts, especially from Capco, which is factored into the guidance. CEO Srinivas Pallia defended the strategy to revive the Manufacturing and E&U verticals, calling them important long-term sectors. Aparna Iyer stated that deal conversion to revenue is not a concern, and the decline in active clients is a result of a weaker discretionary environment and a past decision to exit tail accounts, noting that top clients are growing well.

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