Wipro’s revenue drops 1.2% in Q4 on client caution

Wipro’s performance was impacted by market uncertainties, leading to a cautious approach from clients despite a strong demand for transformation projects. The company’s Q4 results disappointed investors, causing a stock price decline. CEO Srini Pallia noted that clients are prioritizing cost reduction and AI-led efficiency amid the uncertain macro environment, impacting large transformation programs.

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