Wipro's AI Turnaround Faces Bumps Despite Strong Deal Wins: Rishad Premji

• Wipro's Executive Chairman Rishad Premji acknowledges a 'bumpy' near-term for the company's AI-led turnaround, despite strong deal wins.
• The main challenge is not demand, but customers delaying revenue ramp-ups due to caution on spending and cost pressures.
• Wipro's order bookings are up 25% year-on-year, with large deal order book jumping 75%, indicating future revenue potential.
• Cost pressures are driving client focus on consolidation, creating opportunities for Wipro to win vendor consolidation deals.
• AI is central to Wipro's long-term strategy, with a consulting-led approach and unified offerings under Wipro Intelligence to drive domain-specific transformation.

Why It Matters: Wipro's AI-led turnaround faces near-term revenue conversion delays despite strong deal wins, but long-term outlook remains positive.