Wipro Boosts Q4 Revenue Outlook, Projects Up to 2% Growth Amid AI Push

• Wipro projects a sequential revenue growth of 0% to 2% for Q4, indicating improved visibility despite economic challenges.
• The company's Q3 performance showed broad-based growth, with AI initiatives like Wipro Intelligence, WINGS, and WEGA contributing to new wins and platform adoption.
• IT services operating margins expanded to 17.6% in Q3, marking the best performance in several years, alongside a strong operating cash flow of 135% of net income.
• Attrition marginally decreased to 14.2%, and headcount increased by 6,529 employees.
• Despite modest revenue growth, Q3 consolidated net profit declined by 4% sequentially and 7% year-on-year to Rs 3,119 crore, impacted by cost pressures including labor code adjustments.

Why It Matters: Wipro improves Q4 revenue guidance to 0-2% growth, driven by AI adoption and strong margins despite Q3 profit dip.