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Aug 5 (Reuters) - Wipro Limited WIPR.NS:
WIPRO - CO AND RUBRIK LAUNCH ENTERPRISE RESILIENCE AS A SERVICE (ERAAS)
Source text: ID:nBSE4pDWBF
Further company coverage: WIPR.NS
(([email protected];))
Aug 5 (Reuters) - Wipro Limited WIPR.NS:
WIPRO - CO AND RUBRIK LAUNCH ENTERPRISE RESILIENCE AS A SERVICE (ERAAS)
Source text: ID:nBSE4pDWBF
Further company coverage: WIPR.NS
(([email protected];))
- Lincoln Property formed a USD 400 million real estate investment program backed by affiliates of HF Capital, SGF Capital.
- Structure set as a long-term discretionary investing partnership to pursue real estate investments across Lincoln’s US platform.
- Move lifts 2026 equity raised across Lincoln’s investment platform to more than USD 2 billion.
- JLL Securities advised on arranging the partnership.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln Property Company published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.
- Lincoln Property formed a USD 400 million real estate investment program backed by affiliates of HF Capital, SGF Capital.
- Structure set as a long-term discretionary investing partnership to pursue real estate investments across Lincoln’s US platform.
- Move lifts 2026 equity raised across Lincoln’s investment platform to more than USD 2 billion.
- JLL Securities advised on arranging the partnership.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln Property Company published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.
July 27 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO PARTNERS WITH DATABRICKS
Source text: ID:nnAZN4TA41L
Further company coverage: WIPR.NS
(([email protected];))
July 27 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO PARTNERS WITH DATABRICKS
Source text: ID:nnAZN4TA41L
Further company coverage: WIPR.NS
(([email protected];))
Adds analyst comment in paragraphs 5-6 and 13; updates shares
By Kashish Tandon
July 17 (Reuters) - Shares of India's Wipro WIPR.NS fell as much as 2.4% on Friday after the IT services firm's quarterly earnings miss and sluggish outlook indicated the company may be lagging its peers in an already challenging demand environment.
The stock was trading nearly 1% lower at 176.11 rupees, as of 03:04 p.m. IST, making it the second-biggest laggard on the Nifty IT index .NIFTYIT and among the top five losers on the benchmark Nifty 50 .NSEI.
The Bengaluru-based software services exporter missed analysts' estimates for June quarter results and forecast September-quarter revenue between a 1.5% decline and a 0.5% growth in constant-currency terms.
The results from India's fourth-largest software-services exporter underscore persistent challenges for the country's $315 billion IT services sector, including subdued client spending, prolonged decision-making cycles and AI-driven efficiency measures.
"Wipro has always had a growth problem," said Sushovan Nayak, lead analyst at Anand Rathi Institutional Equities.
"Even now, if you adjust for acquisitions, organic growth was about negative 2% quarter-on-quarter. Growth has been elusive."
Fourteen brokerages cut their price targets on the stock after the results, according to LSEG-compiled data, dragging its median price target to 187 rupees from 210 rupees last month.
While rivals Tata Consultancy Services TCS.NS, HCLTech HCLT.NS and Tech Mahindra TEML.NS have shown greater resilience, analysts said Wipro continues to struggle to convert large contract wins into revenue growth.
Total deal wins for Wipro fell to $3.37 billion from $5 billion a year earlier.
Investec called the period "another quarter of disappointment" and warned that growth remained constrained by delayed client decisions and slow execution of large deals.
Ambit Capital and BOB Capital Markets said fiscal 2027 could mark Wipro's fourth consecutive year of organic revenue decline, with BOB Capital Markets adding that execution remains Wipro's biggest challenge.
Meanwhile, smaller rival Tech Mahindra TEML.NS, which also reported its June-quarter results on Thursday and beat revenue estimates, jumped 4.8% as analysts said strong deal wins and margin improvement could make it one of the fastest-growing companies among its peers.
"Tech Mahindra's performance was due to strong execution and a focus on telecom deals, while Wipro remained in the degrowth phase, with weak execution, delayed ramp ups, wage hikes reflected in its growth, deal TCV and margins," Nayak said.
Wipro shares have fallen over 33% so far this year, while Tech Mahindra has dropped nearly 1%. The Nifty IT index is down nearly 23% year-to-date.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
(([email protected]; 8800437922;))
Adds analyst comment in paragraphs 5-6 and 13; updates shares
By Kashish Tandon
July 17 (Reuters) - Shares of India's Wipro WIPR.NS fell as much as 2.4% on Friday after the IT services firm's quarterly earnings miss and sluggish outlook indicated the company may be lagging its peers in an already challenging demand environment.
The stock was trading nearly 1% lower at 176.11 rupees, as of 03:04 p.m. IST, making it the second-biggest laggard on the Nifty IT index .NIFTYIT and among the top five losers on the benchmark Nifty 50 .NSEI.
The Bengaluru-based software services exporter missed analysts' estimates for June quarter results and forecast September-quarter revenue between a 1.5% decline and a 0.5% growth in constant-currency terms.
The results from India's fourth-largest software-services exporter underscore persistent challenges for the country's $315 billion IT services sector, including subdued client spending, prolonged decision-making cycles and AI-driven efficiency measures.
"Wipro has always had a growth problem," said Sushovan Nayak, lead analyst at Anand Rathi Institutional Equities.
"Even now, if you adjust for acquisitions, organic growth was about negative 2% quarter-on-quarter. Growth has been elusive."
Fourteen brokerages cut their price targets on the stock after the results, according to LSEG-compiled data, dragging its median price target to 187 rupees from 210 rupees last month.
While rivals Tata Consultancy Services TCS.NS, HCLTech HCLT.NS and Tech Mahindra TEML.NS have shown greater resilience, analysts said Wipro continues to struggle to convert large contract wins into revenue growth.
Total deal wins for Wipro fell to $3.37 billion from $5 billion a year earlier.
Investec called the period "another quarter of disappointment" and warned that growth remained constrained by delayed client decisions and slow execution of large deals.
Ambit Capital and BOB Capital Markets said fiscal 2027 could mark Wipro's fourth consecutive year of organic revenue decline, with BOB Capital Markets adding that execution remains Wipro's biggest challenge.
Meanwhile, smaller rival Tech Mahindra TEML.NS, which also reported its June-quarter results on Thursday and beat revenue estimates, jumped 4.8% as analysts said strong deal wins and margin improvement could make it one of the fastest-growing companies among its peers.
"Tech Mahindra's performance was due to strong execution and a focus on telecom deals, while Wipro remained in the degrowth phase, with weak execution, delayed ramp ups, wage hikes reflected in its growth, deal TCV and margins," Nayak said.
Wipro shares have fallen over 33% so far this year, while Tech Mahindra has dropped nearly 1%. The Nifty IT index is down nearly 23% year-to-date.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
(([email protected]; 8800437922;))
- Wipro posted Q1 net profit attributable to equity holders of INR 33.52 billion, up 0.65% from the prior quarter.
- Revenue rose 1% to INR 244.79 billion from the prior quarter.
- Profit before tax slipped 7.13% to INR 43.35 billion from the prior quarter.
- The board declared an interim dividend of INR 2 per equity share, with July 27 set as the record date.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.
- Wipro posted Q1 net profit attributable to equity holders of INR 33.52 billion, up 0.65% from the prior quarter.
- Revenue rose 1% to INR 244.79 billion from the prior quarter.
- Profit before tax slipped 7.13% to INR 43.35 billion from the prior quarter.
- The board declared an interim dividend of INR 2 per equity share, with July 27 set as the record date.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.
TCS shares rise after revenue beat from strong banking demand, rising AI revenue
Annualized AI revenue crosses $2.6 billion, driven by faster deployments across industries
Results offer investors early signs that sector growth may be stabilizing, analysts say
Updates with closing levels
By Mridula Kumar
July 10 (Reuters) - India's Tata Consultancy Services TCS.NS rose as much as 4.1% on Friday after better-than-expected quarterly revenue on strong banking demand and rising AI revenue, though analysts said the broader sector recovery was likely to remain gradual.
Shares of the country's top software services exporter trimmed some gains to close about 1% higher at 2,069 rupees, helping lift the benchmark Nifty 50 .NSEI 1.02% higher.
The IT index .NIFTYIT gained about 1.96% during the session.
Analysts said investors were looking at positive growth expectations for TCS in the coming quarters, led by AI revenue, with multiple brokerages also citing strong growth in banking, financial services and insurance, high-tech and regional markets.
"The company expects AI adoption growth and transformation to pick up, and they expect better numbers," said Piyush Pandey, lead IT Analyst at Centrum Broking.
Annualized AI revenue crossed $2.6 billion, driven by faster deployments across industries, rising from $2.3 billion in the previous quarter, TCS said.
Quarterly sales rose 14% to 722.75 billion rupees ($7.58 billion), while CEO K Krithivasan signalled a second-quarter recovery in manufacturing and life sciences demand.
SUBDUED QUARTER, GRADUAL RECOVERY
While the results offered investors early signs that growth may be stabilizing in India's $315 billion IT sector, analysts said a broader recovery was likely to remain gradual as demand concerns remained after expectations of another subdued quarter.
Flattish international revenue and a 3% year-on-year fall in headcount suggested continued sluggishness, according to Citi, while Nomura analysts said macro uncertainty still weighed on the near-term outlook.
Brokerages had flagged a low growth rate for the company in fiscal 2027 due to AI-led deflation.
The earliest the net AI impact will turn accretive for the sector and company is mid- to end-fiscal 2028, HSBC said post the results, adding that TCS' quarterly earnings offered limited grounds for pessimistic investors to reassess their stance.
Rivals Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS are expected to report their quarterly earnings later in the month.
($1 = 95.3150 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Writing by Abinaya V; Editing by Mrigank Dhaniwala and Janane Venkatraman)
TCS shares rise after revenue beat from strong banking demand, rising AI revenue
Annualized AI revenue crosses $2.6 billion, driven by faster deployments across industries
Results offer investors early signs that sector growth may be stabilizing, analysts say
Updates with closing levels
By Mridula Kumar
July 10 (Reuters) - India's Tata Consultancy Services TCS.NS rose as much as 4.1% on Friday after better-than-expected quarterly revenue on strong banking demand and rising AI revenue, though analysts said the broader sector recovery was likely to remain gradual.
Shares of the country's top software services exporter trimmed some gains to close about 1% higher at 2,069 rupees, helping lift the benchmark Nifty 50 .NSEI 1.02% higher.
The IT index .NIFTYIT gained about 1.96% during the session.
Analysts said investors were looking at positive growth expectations for TCS in the coming quarters, led by AI revenue, with multiple brokerages also citing strong growth in banking, financial services and insurance, high-tech and regional markets.
"The company expects AI adoption growth and transformation to pick up, and they expect better numbers," said Piyush Pandey, lead IT Analyst at Centrum Broking.
Annualized AI revenue crossed $2.6 billion, driven by faster deployments across industries, rising from $2.3 billion in the previous quarter, TCS said.
Quarterly sales rose 14% to 722.75 billion rupees ($7.58 billion), while CEO K Krithivasan signalled a second-quarter recovery in manufacturing and life sciences demand.
SUBDUED QUARTER, GRADUAL RECOVERY
While the results offered investors early signs that growth may be stabilizing in India's $315 billion IT sector, analysts said a broader recovery was likely to remain gradual as demand concerns remained after expectations of another subdued quarter.
Flattish international revenue and a 3% year-on-year fall in headcount suggested continued sluggishness, according to Citi, while Nomura analysts said macro uncertainty still weighed on the near-term outlook.
Brokerages had flagged a low growth rate for the company in fiscal 2027 due to AI-led deflation.
The earliest the net AI impact will turn accretive for the sector and company is mid- to end-fiscal 2028, HSBC said post the results, adding that TCS' quarterly earnings offered limited grounds for pessimistic investors to reassess their stance.
Rivals Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS are expected to report their quarterly earnings later in the month.
($1 = 95.3150 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Writing by Abinaya V; Editing by Mrigank Dhaniwala and Janane Venkatraman)
Nifty IT index down 28.4% in 2026, trailing a 6.6% drop in Nifty 50
Rupee weakness to mask underlying softness in revenue and profit growth
TCS kicks off earnings on July 9
Brokerages say Infosys and HCLTech could trim upper end of annual revenue forecasts
AI adoption pressures pricing, speeds software development cycles
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, July 6 (Reuters) - India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.
The April-to-June quarter is usually a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a slow start to the fiscal year that would push back hopes of a recovery.
India's largest IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on Thursday with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
While India's top six IT firms are expected to report around 14% year-on-year revenue growth in rupee terms with net profit rising 12%-13%, this would largely be due to the impact of sharp rupee depreciation. Stripping out exchange rate effects, the companies are expected to post a mere 2.8% revenue growth in constant-currency terms.
Citi expects a fourth straight year of subdued growth for Indian IT firms, while JPMorgan sees revenue growth staying below 3%-4% for the "foreseeable future".
The IT sector is racing to adapt to changing customer needs as companies across the globe step up the use of AI tools and agents to cut costs and quicken software development cycles.
Software firms have slowed hiring, with TCS Chairman N Chandrasekaran saying the "day is not far" when the company would have an equal number of AI agents and employees.
Indian IT firms are in a "perfect storm," Nomura said in its earnings preview, with Middle East conflict-led uncertainty compounding AI-driven pricing pressure.
Fears that AI would disrupt the IT sector's traditional, labour-intensive business model dragged the Nifty IT index .NIFTYIT down 9.5% in the June quarter even as India's benchmark Nifty 50 .NSEI gained 6.9%.
The IT index has slumped about 28% so far in 2026, making it the worst-performing major sector in India.
The impact of AI-led disruption and weakness in client spending will be broad-based, according to PL Capital, with effects visible in the consumer, hi-tech, and telecom verticals.
"Slower decision-making and elongated sales cycle are leading to delays in revenue conversion and execution," the brokerage said in a note.
Annual revenue forecasts will be a key focus for investors. Brokerages say Infosys and HCLTech could narrow or trim the upper end of their forecasts.
Potentially higher interest rates in the U.S., which makes up about 60% of Indian IT firms' revenue, also loom.
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
Nifty IT index down 28.4% in 2026, trailing a 6.6% drop in Nifty 50
Rupee weakness to mask underlying softness in revenue and profit growth
TCS kicks off earnings on July 9
Brokerages say Infosys and HCLTech could trim upper end of annual revenue forecasts
AI adoption pressures pricing, speeds software development cycles
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, July 6 (Reuters) - India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.
The April-to-June quarter is usually a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a slow start to the fiscal year that would push back hopes of a recovery.
India's largest IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on Thursday with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
While India's top six IT firms are expected to report around 14% year-on-year revenue growth in rupee terms with net profit rising 12%-13%, this would largely be due to the impact of sharp rupee depreciation. Stripping out exchange rate effects, the companies are expected to post a mere 2.8% revenue growth in constant-currency terms.
Citi expects a fourth straight year of subdued growth for Indian IT firms, while JPMorgan sees revenue growth staying below 3%-4% for the "foreseeable future".
The IT sector is racing to adapt to changing customer needs as companies across the globe step up the use of AI tools and agents to cut costs and quicken software development cycles.
Software firms have slowed hiring, with TCS Chairman N Chandrasekaran saying the "day is not far" when the company would have an equal number of AI agents and employees.
Indian IT firms are in a "perfect storm," Nomura said in its earnings preview, with Middle East conflict-led uncertainty compounding AI-driven pricing pressure.
Fears that AI would disrupt the IT sector's traditional, labour-intensive business model dragged the Nifty IT index .NIFTYIT down 9.5% in the June quarter even as India's benchmark Nifty 50 .NSEI gained 6.9%.
The IT index has slumped about 28% so far in 2026, making it the worst-performing major sector in India.
The impact of AI-led disruption and weakness in client spending will be broad-based, according to PL Capital, with effects visible in the consumer, hi-tech, and telecom verticals.
"Slower decision-making and elongated sales cycle are leading to delays in revenue conversion and execution," the brokerage said in a note.
Annual revenue forecasts will be a key focus for investors. Brokerages say Infosys and HCLTech could narrow or trim the upper end of their forecasts.
Potentially higher interest rates in the U.S., which makes up about 60% of Indian IT firms' revenue, also loom.
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
June 23 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - SIGNS DEFINITIVE AGREEMENT TO BUY ALPHA NET CONSULTING CUSTOMER CONTRACTS
WIPRO - DEAL TO COMPLETE BY SEPTEMBER 30, 2026
Source text: ID:nBSE4gL9Mh
Further company coverage: WIPR.NS
(([email protected];))
June 23 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - SIGNS DEFINITIVE AGREEMENT TO BUY ALPHA NET CONSULTING CUSTOMER CONTRACTS
WIPRO - DEAL TO COMPLETE BY SEPTEMBER 30, 2026
Source text: ID:nBSE4gL9Mh
Further company coverage: WIPR.NS
(([email protected];))
BENGALURU, June 19 (Reuters) - India's Nifty IT index .NIFTYIT slumped 5.8% on Friday after industry bellwether Accenture ACN.N forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business.
Shares of Indian IT companies, including Tata Consultancy Services TCS.NS, Infosys INFY.NS, and HCL Technologies HCLT.NS fell between 5% and 7%.
(Reporting by Haripriya Suresh in Bengaluru; Editing by Sherry Jacob-Phillips)
BENGALURU, June 19 (Reuters) - India's Nifty IT index .NIFTYIT slumped 5.8% on Friday after industry bellwether Accenture ACN.N forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business.
Shares of Indian IT companies, including Tata Consultancy Services TCS.NS, Infosys INFY.NS, and HCL Technologies HCLT.NS fell between 5% and 7%.
(Reporting by Haripriya Suresh in Bengaluru; Editing by Sherry Jacob-Phillips)
June 18 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - TO BUY ADDITIONAL 20% STAKE IN AGGNE GLOBAL IT SERVICES BY JUNE 30, 2026
WIPRO - PURCHASE CONSIDERATION OF $2.1 MILLION
Source text: ID:nBSE1gYvqG
Further company coverage: WIPR.NS
(([email protected];))
June 18 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - TO BUY ADDITIONAL 20% STAKE IN AGGNE GLOBAL IT SERVICES BY JUNE 30, 2026
WIPRO - PURCHASE CONSIDERATION OF $2.1 MILLION
Source text: ID:nBSE1gYvqG
Further company coverage: WIPR.NS
(([email protected];))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Ujjaini Dutta
BENGALURU, June 17 (Reuters Breakingviews) - HCLTech’s HCLT.NS decision to lead a fundraising round for India’s sovereign AI posterchild is both timely and shrewd. The $32 billion IT services firm's 10% stake in Sarvam, valuing the startup at $1.5 billion, is small enough to limit any risk yet showy enough to deflect mounting criticism that the world's back office is underinvesting as AI eats away at its revenue.
To be sure, Sarvam, founded by Vivek Raghavan and Pratyush Kumar, is not a neat fit for its newest big backer. The barely three-year-old startup's large language model is optimised for Indic languages but HCL's client base is largely outside the country, mostly in the United States and Europe: India accounted for just 3% of HCLTech's annual sales in the year to the end of March 2026.
And while the IT industry's decades-long success is often attributed to New Delhi staying out of the way, Sarvam is at the heart of the government's IndiaAI Mission. Through that initiative, the startup has secured financial and compute support, including subsidised access to Nvidia's NVDA.O graphics processing chips.
Of course, taking a stake in India's sovereign AI champion could unlock more domestic deals for the C Vijayakumar-led company with Indian enterprises. And it might also get early access to Sarvam's latest tech, as Microsoft MSFT.O did through its investment in OpenAI, though the company run by Satya Nadella also bagged a huge customer for its Azure cloud business.
The political returns for HCL at least appear more certain. Washington's order for Anthropic to suspend access for non-U.S. residents to its Fable 5 and Mythos 5 models will only deepen the desire of governments around the world to find their own sovereign AI solutions across compute infrastructure, AI models and user-facing AI software. That will require oodles of capital.
HCL's rivals such as Wipro WIPR.NS and Infosys INFY.NS are attempting to counter AI deflation on their revenues in other ways. Tata Consultancy Services TCS.NS, for example, is investing in a data centre. Backing Sarvam is, for now, less expensive and probably more politically savvy. They may be tempted to pile in too.
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
HCLTech will acquire a 10.5% stake in Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, the Indian IT services company said in a stock exchange filing on June 15. HCL co-led the fundraising round with Bessemer Venture Partners. It also included existing investors Khosla Ventures and Peak XV Partners.
The investment will allow the Indian IT services company to develop specific language models and AI solutions for its global client base and accelerate the development of sovereign AI solutions for governments and regulated industries, HCLTech said.
Sarvam was valued at $1.5 billion in the round, which raised $234 million in its first close out of a targeted $300 million. The AI startup is backed by India's government AI Mission.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Ujjaini Dutta
BENGALURU, June 17 (Reuters Breakingviews) - HCLTech’s HCLT.NS decision to lead a fundraising round for India’s sovereign AI posterchild is both timely and shrewd. The $32 billion IT services firm's 10% stake in Sarvam, valuing the startup at $1.5 billion, is small enough to limit any risk yet showy enough to deflect mounting criticism that the world's back office is underinvesting as AI eats away at its revenue.
To be sure, Sarvam, founded by Vivek Raghavan and Pratyush Kumar, is not a neat fit for its newest big backer. The barely three-year-old startup's large language model is optimised for Indic languages but HCL's client base is largely outside the country, mostly in the United States and Europe: India accounted for just 3% of HCLTech's annual sales in the year to the end of March 2026.
And while the IT industry's decades-long success is often attributed to New Delhi staying out of the way, Sarvam is at the heart of the government's IndiaAI Mission. Through that initiative, the startup has secured financial and compute support, including subsidised access to Nvidia's NVDA.O graphics processing chips.
Of course, taking a stake in India's sovereign AI champion could unlock more domestic deals for the C Vijayakumar-led company with Indian enterprises. And it might also get early access to Sarvam's latest tech, as Microsoft MSFT.O did through its investment in OpenAI, though the company run by Satya Nadella also bagged a huge customer for its Azure cloud business.
The political returns for HCL at least appear more certain. Washington's order for Anthropic to suspend access for non-U.S. residents to its Fable 5 and Mythos 5 models will only deepen the desire of governments around the world to find their own sovereign AI solutions across compute infrastructure, AI models and user-facing AI software. That will require oodles of capital.
HCL's rivals such as Wipro WIPR.NS and Infosys INFY.NS are attempting to counter AI deflation on their revenues in other ways. Tata Consultancy Services TCS.NS, for example, is investing in a data centre. Backing Sarvam is, for now, less expensive and probably more politically savvy. They may be tempted to pile in too.
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
HCLTech will acquire a 10.5% stake in Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, the Indian IT services company said in a stock exchange filing on June 15. HCL co-led the fundraising round with Bessemer Venture Partners. It also included existing investors Khosla Ventures and Peak XV Partners.
The investment will allow the Indian IT services company to develop specific language models and AI solutions for its global client base and accelerate the development of sovereign AI solutions for governments and regulated industries, HCLTech said.
Sarvam was valued at $1.5 billion in the round, which raised $234 million in its first close out of a targeted $300 million. The AI startup is backed by India's government AI Mission.
(Editing by Una Galani; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/[email protected]))
June 16 (Reuters) - India's Wipro WIPR.NS said on Tuesday it has set up a Center of Excellence (CoE) for applied AI focused on Anthropic's Claude models at its Bengaluru hub.
Wipro's move comes as AI-led automation pressures revenue of traditional Indian IT services firms, which lost billions of dollars in market value in February, partly following Anthropic's launch of an AI agent tool.
Here are some details:
The CoE is expected to bolster the IT services firm's ability to scale enterprise AI adoption using Claude models.
It is aimed at helping Wipro develop AI-based platforms and industry tools, and expand the use of AI across its finance, human resources and sales teams.
Wipro said it will train 10,000 employees to use Anthropic's Claude over the next 18 months.
Analysts at Jefferies said Wipro expects compression in services revenue to weigh on growth in the coming quarters, while AI could help widen its addressable market through application rebuilds and workflow redesign.
Investors are increasingly concerned that AI tools could disrupt the labour-intensive business model of India's $315 billion IT sector.
On June 11, rival TCS said it had partnered with Anthropic to launch an alliance to drive enterprise AI scaling.
(Reporting by Mridula Kumar in Bengaluru; Editing by Diti Pujara)
June 16 (Reuters) - India's Wipro WIPR.NS said on Tuesday it has set up a Center of Excellence (CoE) for applied AI focused on Anthropic's Claude models at its Bengaluru hub.
Wipro's move comes as AI-led automation pressures revenue of traditional Indian IT services firms, which lost billions of dollars in market value in February, partly following Anthropic's launch of an AI agent tool.
Here are some details:
The CoE is expected to bolster the IT services firm's ability to scale enterprise AI adoption using Claude models.
It is aimed at helping Wipro develop AI-based platforms and industry tools, and expand the use of AI across its finance, human resources and sales teams.
Wipro said it will train 10,000 employees to use Anthropic's Claude over the next 18 months.
Analysts at Jefferies said Wipro expects compression in services revenue to weigh on growth in the coming quarters, while AI could help widen its addressable market through application rebuilds and workflow redesign.
Investors are increasingly concerned that AI tools could disrupt the labour-intensive business model of India's $315 billion IT sector.
On June 11, rival TCS said it had partnered with Anthropic to launch an alliance to drive enterprise AI scaling.
(Reporting by Mridula Kumar in Bengaluru; Editing by Diti Pujara)
June 15 (Reuters) - Arcade.Dev:
ARCADE.DEV: ANNOUNCED $60 MILLION IN SERIES A FUNDING
ARCADE.DEV: SERIES A FUNDING LED BY SYN VENTURES, WITH STRATEGIC INVESTMENT FROM MORGAN STANLEY AND WIPRO
Source text: ID:nBw926VDna
Further company coverage: MS.N
(([email protected];))
June 15 (Reuters) - Arcade.Dev:
ARCADE.DEV: ANNOUNCED $60 MILLION IN SERIES A FUNDING
ARCADE.DEV: SERIES A FUNDING LED BY SYN VENTURES, WITH STRATEGIC INVESTMENT FROM MORGAN STANLEY AND WIPRO
Source text: ID:nBw926VDna
Further company coverage: MS.N
(([email protected];))
** Wipro WIPR.NS falls as much as 6.19% to a three-year low of 186.01 rupees, making the software services company the top percentage loser on the Nifty 50 .NSEI and Nifty IT indexes .NIFTYIT, which are down 0.8% each
** Decline comes after the record date for its share buyback on Friday, likely prompting some short-term traders to exit positions, reducing overall buying interest, two analysts say
** A global technology rout also weighs on sentiment, alongside rising expectations of a U.S. Federal Reserve rate hike by year-end after a stronger-than-expected May jobs report
** Higher U.S. rates hurt Indian IT stocks by reducing appeal for foreign investors
** Financials and IT, which have relatively high foreign ownership, vulnerable to outflows
** Tighter U.S. policy could also slow client spending, a key revenue driver for software firms
** Wipro down 29.5% YTD, underperforming Nifty IT's 24% drop
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Wipro WIPR.NS falls as much as 6.19% to a three-year low of 186.01 rupees, making the software services company the top percentage loser on the Nifty 50 .NSEI and Nifty IT indexes .NIFTYIT, which are down 0.8% each
** Decline comes after the record date for its share buyback on Friday, likely prompting some short-term traders to exit positions, reducing overall buying interest, two analysts say
** A global technology rout also weighs on sentiment, alongside rising expectations of a U.S. Federal Reserve rate hike by year-end after a stronger-than-expected May jobs report
** Higher U.S. rates hurt Indian IT stocks by reducing appeal for foreign investors
** Financials and IT, which have relatively high foreign ownership, vulnerable to outflows
** Tighter U.S. policy could also slow client spending, a key revenue driver for software firms
** Wipro down 29.5% YTD, underperforming Nifty IT's 24% drop
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** India's Wipro WIPR.NS down 4% at 196.1 rupees
** Top loser on Nifty IT .NIFTYIT and benchmark Nifty 50 .NSEI indexes, which are up 0.1% and 0.2%, respectively
** Stock down as Friday marks record date for company's share buyback of up to 150 billion rupees ($1.57 billion)
** Investors selling shares n Friday will be eligible for buyback
** Co to buy back shares via tender offer route; dates yet to be announced
** Stock rated "hold" on average by 40 brokerages, median PT at 210 rupees, per data compiled by LSEG
** YTD, WIPR down 25.5%, while NIFTYIT down 22.7%
($1 = 95.6600 Indian rupees)
(Reporting by Vivek Kumar M)
(([email protected];))
** India's Wipro WIPR.NS down 4% at 196.1 rupees
** Top loser on Nifty IT .NIFTYIT and benchmark Nifty 50 .NSEI indexes, which are up 0.1% and 0.2%, respectively
** Stock down as Friday marks record date for company's share buyback of up to 150 billion rupees ($1.57 billion)
** Investors selling shares n Friday will be eligible for buyback
** Co to buy back shares via tender offer route; dates yet to be announced
** Stock rated "hold" on average by 40 brokerages, median PT at 210 rupees, per data compiled by LSEG
** YTD, WIPR down 25.5%, while NIFTYIT down 22.7%
($1 = 95.6600 Indian rupees)
(Reporting by Vivek Kumar M)
(([email protected];))
Adds details throughout
By Vivek Kumar M and Abhirami G
June 3 (Reuters) - India's information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence could disrupt traditional software services rattled investors.
The IT index .NIFTYIT was down 5.8% at 29,310.25 points. If losses hold, this would be its worst day since February 4.
Tata Consultancy Services TCS.NS, India's largest software exporter, slumped 9% to lead the losses, while Bengaluru-based Infosys INFY.NS and Wipro WIPR.NS dropped 4.3% and 3.7%, respectively.
Among mid-tier firms, Coforge COFO.NS and Persistent Systems PERS.NS shed 5.7% each.
The losses mark a sharp reversal from the sub-index's 7% gains seen over the last two sessions when investors bought beaten down IT stocks and bet that increasing AI spending could boost demand for IT services.
India's $300 billion IT sector has been under pressure for much of this year as investors assess whether AI will generate new revenue streams for software exporters or reduce demand for traditional outsourcing services.
"We expect new opportunities such as legacy modernization to increase, but do not expect them to compensate for the deflation enough," said Kotak Institutional Equities analysts led by Kawaljeet Saluja.
A surge in AI investments and AI tools from Anthropic has rattled software stocks globally this year. India's Nifty IT index is down 22% in 2026, after plunging 26% in 2025.
Ambit Capital said fourth-quarter IT earnings confirmed the ongoing challenges that the sector is facing.
"While we see a role for IT services in enterprise AI implementation, building guardrails/governance and vertical solutions, we believe deflation will exceed incremental demand," the brokerage said.
Rishubh Vasa, a research analyst at Indsec Securities and Finance, said the total addressable market of domestic IT companies could shrink 20%-25%.
India's IT stocks head for worst day in about four months https://reut.rs/43LRsTE
(Reporting by Vivek Kumar M; Additional reporting by Abhirami G in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
Adds details throughout
By Vivek Kumar M and Abhirami G
June 3 (Reuters) - India's information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence could disrupt traditional software services rattled investors.
The IT index .NIFTYIT was down 5.8% at 29,310.25 points. If losses hold, this would be its worst day since February 4.
Tata Consultancy Services TCS.NS, India's largest software exporter, slumped 9% to lead the losses, while Bengaluru-based Infosys INFY.NS and Wipro WIPR.NS dropped 4.3% and 3.7%, respectively.
Among mid-tier firms, Coforge COFO.NS and Persistent Systems PERS.NS shed 5.7% each.
The losses mark a sharp reversal from the sub-index's 7% gains seen over the last two sessions when investors bought beaten down IT stocks and bet that increasing AI spending could boost demand for IT services.
India's $300 billion IT sector has been under pressure for much of this year as investors assess whether AI will generate new revenue streams for software exporters or reduce demand for traditional outsourcing services.
"We expect new opportunities such as legacy modernization to increase, but do not expect them to compensate for the deflation enough," said Kotak Institutional Equities analysts led by Kawaljeet Saluja.
A surge in AI investments and AI tools from Anthropic has rattled software stocks globally this year. India's Nifty IT index is down 22% in 2026, after plunging 26% in 2025.
Ambit Capital said fourth-quarter IT earnings confirmed the ongoing challenges that the sector is facing.
"While we see a role for IT services in enterprise AI implementation, building guardrails/governance and vertical solutions, we believe deflation will exceed incremental demand," the brokerage said.
Rishubh Vasa, a research analyst at Indsec Securities and Finance, said the total addressable market of domestic IT companies could shrink 20%-25%.
India's IT stocks head for worst day in about four months https://reut.rs/43LRsTE
(Reporting by Vivek Kumar M; Additional reporting by Abhirami G in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
- Wipro reported fiscal 2026 revenue up 4.17% to ₹ 928.09 billion, while profit attributable to equity holders edged up 0.47% to ₹ 131.97 billion.
- Operating income was flat at ₹ 151.25 billion, with operating margin narrowing 0.68 percentage point to 16.3%.
- IT Services revenue rose 3.71% to ₹ 921.15 billion, while large-deal bookings climbed 45.8% to $ 7.83 billion in total contract value.
- IT Products revenue more than doubled to ₹ 6.94 billion, swinging to segment profit of ₹ 559 million from a loss a year earlier.
- The board backed a tender-offer buyback of up to 600,000,000 shares at ₹ 250 each, totaling up to ₹ 150 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-253514), on June 02, 2026, and is solely responsible for the information contained therein.
- Wipro reported fiscal 2026 revenue up 4.17% to ₹ 928.09 billion, while profit attributable to equity holders edged up 0.47% to ₹ 131.97 billion.
- Operating income was flat at ₹ 151.25 billion, with operating margin narrowing 0.68 percentage point to 16.3%.
- IT Services revenue rose 3.71% to ₹ 921.15 billion, while large-deal bookings climbed 45.8% to $ 7.83 billion in total contract value.
- IT Products revenue more than doubled to ₹ 6.94 billion, swinging to segment profit of ₹ 559 million from a loss a year earlier.
- The board backed a tender-offer buyback of up to 600,000,000 shares at ₹ 250 each, totaling up to ₹ 150 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-253514), on June 02, 2026, and is solely responsible for the information contained therein.
June 1 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WILL ACQUIRE AN ADDITIONAL 20% STAKE IN AGGNE GLOBAL INC
WIPRO - PURCHASE CONSIDERATION OF USD 28.5 MILLION
Source text: ID:nnAZN4SZURY
Further company coverage: WIPR.NS
(([email protected];))
June 1 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WILL ACQUIRE AN ADDITIONAL 20% STAKE IN AGGNE GLOBAL INC
WIPRO - PURCHASE CONSIDERATION OF USD 28.5 MILLION
Source text: ID:nnAZN4SZURY
Further company coverage: WIPR.NS
(([email protected];))
May 29 (Reuters) - Shares of Wipro WIPR.NS rose 4.67% before the market bell on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow NOW.N to deploy agentic AI workflows across core enterprise functions.
(Reporting by Surbhi Misra in Bengaluru; Editing by Rashmi Aich)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
May 29 (Reuters) - Shares of Wipro WIPR.NS rose 4.67% before the market bell on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow NOW.N to deploy agentic AI workflows across core enterprise functions.
(Reporting by Surbhi Misra in Bengaluru; Editing by Rashmi Aich)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
- Wipro expanded its partnership with ServiceNow to embed agentic AI workflows across core enterprise functions.
- The tie-up targets broader deployment of AI-driven automation using Wipro Intelligence platforms with ServiceNow technology.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.
- Wipro expanded its partnership with ServiceNow to embed agentic AI workflows across core enterprise functions.
- The tie-up targets broader deployment of AI-driven automation using Wipro Intelligence platforms with ServiceNow technology.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.
- Wipro CFO Aparna Chandrasekhar Iyer sold 45,000 equity shares on May 19, 2026 at USD 2 per share.
- Her direct holding fell to 3,678 equity shares following the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002122457-26-000008), on May 20, 2026, and is solely responsible for the information contained therein.
- Wipro CFO Aparna Chandrasekhar Iyer sold 45,000 equity shares on May 19, 2026 at USD 2 per share.
- Her direct holding fell to 3,678 equity shares following the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002122457-26-000008), on May 20, 2026, and is solely responsible for the information contained therein.
May 15 (Reuters) - Olam Group Ltd OLAG.SI:
OLAM GROUP LTD - COMPLETES MINDSPRINT SALE TO WIPRO FOR S$386 MILLION
Source text: ID:nSN3HHfHJ
Further company coverage: OLAG.SI
(([email protected];))
May 15 (Reuters) - Olam Group Ltd OLAG.SI:
OLAM GROUP LTD - COMPLETES MINDSPRINT SALE TO WIPRO FOR S$386 MILLION
Source text: ID:nSN3HHfHJ
Further company coverage: OLAG.SI
(([email protected];))
May 12 (Reuters) - India's Nifty IT index .NIFTYIT tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.
Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks from India's top-tier IT firms largely missed expectations, adding that strong global artificial intelligence spending could be "crowding out" spending on traditional IT services.
HSBC's warning comes a day after OpenAI said it is launching a new company backed by more than $4 billion to help organisations build and deploy AI.
In February, global IT stocks saw a rout after Anthropic launched new tools that heightened concerns about AI-driven disruption in the data and professional services industry.
On Tuesday, shares of Indian IT companies including Tata Consultancy Services TCS.NS , InfosysINFY.NS , HCL Technologies HCLT.NS and Wipro WIPR.NS fell between 2.5% and 4%.
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
May 12 (Reuters) - India's Nifty IT index .NIFTYIT tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.
Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks from India's top-tier IT firms largely missed expectations, adding that strong global artificial intelligence spending could be "crowding out" spending on traditional IT services.
HSBC's warning comes a day after OpenAI said it is launching a new company backed by more than $4 billion to help organisations build and deploy AI.
In February, global IT stocks saw a rout after Anthropic launched new tools that heightened concerns about AI-driven disruption in the data and professional services industry.
On Tuesday, shares of Indian IT companies including Tata Consultancy Services TCS.NS , InfosysINFY.NS , HCL Technologies HCLT.NS and Wipro WIPR.NS fell between 2.5% and 4%.
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
May 5 (Reuters) - CrowdStrike Holdings Inc CRWD.O:
CROWDSTRIKE EXPANDS PROJECT QUILTWORKS, THE CYBERSECURITY COALITION FOR SECURING FRONTIER AI RISK
CROWDSTRIKE - ARMADIN, COGNIZANT, HCLTECH, INFOSYS, KPMG, NTT DATA, TCS, WIPRO JOIN QUILTWORKS COALITION
CROWDSTRIKE - INTEGRATES ANTHROPIC OPUS 4.7 AI INTO FALCON PLATFORM
Source text: ID:nBw1WDjhXa
Further company coverage: CRWD.O
(([email protected];))
May 5 (Reuters) - CrowdStrike Holdings Inc CRWD.O:
CROWDSTRIKE EXPANDS PROJECT QUILTWORKS, THE CYBERSECURITY COALITION FOR SECURING FRONTIER AI RISK
CROWDSTRIKE - ARMADIN, COGNIZANT, HCLTECH, INFOSYS, KPMG, NTT DATA, TCS, WIPRO JOIN QUILTWORKS COALITION
CROWDSTRIKE - INTEGRATES ANTHROPIC OPUS 4.7 AI INTO FALCON PLATFORM
Source text: ID:nBw1WDjhXa
Further company coverage: CRWD.O
(([email protected];))
- Wipro posted Q4 net income of ₹35 billion, up 12.3% quarter-on-quarter but down 1.9% year-on-year.
- IT Services revenue rose to ₹240.18 billion, climbing 2.7% QoQ and 7% YoY.
- IT Services operating income edged up to ₹41.52 billion, increasing 0.8% QoQ and 5.7% YoY.
- Total bookings reached $3.46 billion, while large deal bookings jumped 65.1% QoQ to $1.44 billion.
- For quarter ending June 30, 2026, Wipro forecast IT Services revenue of $2.6 billion to $2.65 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on April 27, 2026, and is solely responsible for the information contained therein.
- Wipro posted Q4 net income of ₹35 billion, up 12.3% quarter-on-quarter but down 1.9% year-on-year.
- IT Services revenue rose to ₹240.18 billion, climbing 2.7% QoQ and 7% YoY.
- IT Services operating income edged up to ₹41.52 billion, increasing 0.8% QoQ and 5.7% YoY.
- Total bookings reached $3.46 billion, while large deal bookings jumped 65.1% QoQ to $1.44 billion.
- For quarter ending June 30, 2026, Wipro forecast IT Services revenue of $2.6 billion to $2.65 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief on April 27, 2026, and is solely responsible for the information contained therein.
Changes media packaging code to INDIA-IT/STOCKS and rewrites throughout
By Urvi Dugar
BENGALURU, April 24 - Revenue growth for India's top IT firms will stay muted this fiscal year, as gains from artificial intelligence would be blunted with clients cutting spending amid macroeconomic and geopolitical uncertainty, analysts said.
The Nifty IT index .NIFTYIT, the worst performing sector of 2026, shed roughly $26 billion in market value this week after earnings from market leaders Tata Consultancy Services TCS.NS and Infosys INFY.NS disappointed investors amid worries that agentic AI would disrupt the $315 billion sector and cannibalise earnings.
India's top five IT firms are expected to post muted revenue growth of about 3%-4% in the near term, said Sushovan Nayak, analyst at Anand Rathi.
The sector, which employs about 5.9 million people, had last reported double-digit revenue growth in the March 2023 quarter. Analysts had expected a falling rupee to boost revenue by 10% across the sector.
The U.S., which accounts for more than half of the revenue at most large Indian IT firms, has seen softer deal pipelines, while uncertainty surrounding immigration and tariffs persists, and geopolitical conflicts further delay long‑term technology spending decisions.
The slowdown was the most acute in the banking and financial services, which is a key revenue driver for the sector.
TCS posted its first annual revenue decline in more than two decades, and said that new AI models and tools in the market did not hurt demand for its offerings.
Infosys, HCLTech HCLT.NS and Wipro WIPR.NS trimmed their forecast for fiscal 2027's revenue growth.
Despite near‑term pressures, analysts remain confident that IT companies will eventually leverage AI to defend margins and unlock new growth opportunities.
"Revenue from AI is growing at a fast pace, but it's coming off a very low base and is hardly 5% of total revenue," said Centrum Broking's Piyush Pandey, adding that AI was weighing on pricing, particularly in legacy contracts.
Given that, mid-sized IT firms such as LTM LTIM.NS and Persistent Systems PERS.NS that have stronger digital and AI-led exposure may outperform, said Nayak.
The benchmark Nifty 50 .NSEI is down 8.6% this year so far.
IT stocks underperform India's stock benchmark Nifty 50 in 2026 so far https://reut.rs/4trBtW3
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
Changes media packaging code to INDIA-IT/STOCKS and rewrites throughout
By Urvi Dugar
BENGALURU, April 24 - Revenue growth for India's top IT firms will stay muted this fiscal year, as gains from artificial intelligence would be blunted with clients cutting spending amid macroeconomic and geopolitical uncertainty, analysts said.
The Nifty IT index .NIFTYIT, the worst performing sector of 2026, shed roughly $26 billion in market value this week after earnings from market leaders Tata Consultancy Services TCS.NS and Infosys INFY.NS disappointed investors amid worries that agentic AI would disrupt the $315 billion sector and cannibalise earnings.
India's top five IT firms are expected to post muted revenue growth of about 3%-4% in the near term, said Sushovan Nayak, analyst at Anand Rathi.
The sector, which employs about 5.9 million people, had last reported double-digit revenue growth in the March 2023 quarter. Analysts had expected a falling rupee to boost revenue by 10% across the sector.
The U.S., which accounts for more than half of the revenue at most large Indian IT firms, has seen softer deal pipelines, while uncertainty surrounding immigration and tariffs persists, and geopolitical conflicts further delay long‑term technology spending decisions.
The slowdown was the most acute in the banking and financial services, which is a key revenue driver for the sector.
TCS posted its first annual revenue decline in more than two decades, and said that new AI models and tools in the market did not hurt demand for its offerings.
Infosys, HCLTech HCLT.NS and Wipro WIPR.NS trimmed their forecast for fiscal 2027's revenue growth.
Despite near‑term pressures, analysts remain confident that IT companies will eventually leverage AI to defend margins and unlock new growth opportunities.
"Revenue from AI is growing at a fast pace, but it's coming off a very low base and is hardly 5% of total revenue," said Centrum Broking's Piyush Pandey, adding that AI was weighing on pricing, particularly in legacy contracts.
Given that, mid-sized IT firms such as LTM LTIM.NS and Persistent Systems PERS.NS that have stronger digital and AI-led exposure may outperform, said Nayak.
The benchmark Nifty 50 .NSEI is down 8.6% this year so far.
IT stocks underperform India's stock benchmark Nifty 50 in 2026 so far https://reut.rs/4trBtW3
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
Rewrites throughout and updates closing levels
By Urvi Dugar and Pranav Kashyap
April 22, BENGALURU - HCLTech HCLT.NS lost $4.5 billion in market capitalisation on Wednesday after it projected fiscal 2027 revenue growth below estimates, with restrained client spending raising fresh doubts over a recovery in India's $315 billion IT industry.
The weakness points to sector-wide challenges rather than a company-specific issue, Goldman Sachs analysts said, citing subdued discretionary spending, slower project ramp‑ups and ongoing macro pressures that suggest a meaningful demand recovery may remain elusive.
Top Indian IT companies have been beset by uncertainties over the last year from U.S. tariff and immigration policies as well as geopolitical turmoil in the Middle East, with clients choosing to focus on optimising costs.
HCLTech shares ended the session down 10.7% at 1,286 rupees, losing the most in a day in more than 10 years. Its fourth‑quarter earnings also missed analyst estimates.
The gloom spilled across the IT pack, dragging larger peers Infosys INFY.NS and Tata Consultancy Services TCS.NS down 3.4% and 3%, respectively, and the sub-index .NIFTYIT down 3.9%.
HCLTech's trading volumes surged as panic selling gripped investors, with 33.06 million shares changing hands—the busiest session since November 2012, and nearly 10 times the 30-day average. Meanwhile, at least six brokerages cut their price target, with Jefferies also downgrading the stock to "Underperform" from "Hold".
NSE data for HCLTech's May 26 expiry contracts showed a jump in put-buying at the 1,200‑rupee strike, with open interest swelling to 6,863 contracts by market close, and heavy call writing at 1,300.
The former implies investors are betting on the stock falling further by around 7% while the latter suggests limited scope for a near‑term rebound.
"The business environment remains highly fluid, making it difficult to form a definitive view of how the next 12 months will unfold," said CEO C Vijayakumar in a post-earnings call.
He also called out specific project scaledowns from two clients in the Americas region, which could shave about 0.5% off annual growth.
Tech Mahindra TEML.NS staged a partial comeback to close 2.5% down, after sliding nearly 6%, following a fourth-quarter revenue beat.
HCLTech continues trade slightly higher than larger rivals https://reut.rs/4vyAi8G
(Reporting by Urvi Dugar and Pranav Kashyap in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)
(([email protected]; +91 9558725583;))
Rewrites throughout and updates closing levels
By Urvi Dugar and Pranav Kashyap
April 22, BENGALURU - HCLTech HCLT.NS lost $4.5 billion in market capitalisation on Wednesday after it projected fiscal 2027 revenue growth below estimates, with restrained client spending raising fresh doubts over a recovery in India's $315 billion IT industry.
The weakness points to sector-wide challenges rather than a company-specific issue, Goldman Sachs analysts said, citing subdued discretionary spending, slower project ramp‑ups and ongoing macro pressures that suggest a meaningful demand recovery may remain elusive.
Top Indian IT companies have been beset by uncertainties over the last year from U.S. tariff and immigration policies as well as geopolitical turmoil in the Middle East, with clients choosing to focus on optimising costs.
HCLTech shares ended the session down 10.7% at 1,286 rupees, losing the most in a day in more than 10 years. Its fourth‑quarter earnings also missed analyst estimates.
The gloom spilled across the IT pack, dragging larger peers Infosys INFY.NS and Tata Consultancy Services TCS.NS down 3.4% and 3%, respectively, and the sub-index .NIFTYIT down 3.9%.
HCLTech's trading volumes surged as panic selling gripped investors, with 33.06 million shares changing hands—the busiest session since November 2012, and nearly 10 times the 30-day average. Meanwhile, at least six brokerages cut their price target, with Jefferies also downgrading the stock to "Underperform" from "Hold".
NSE data for HCLTech's May 26 expiry contracts showed a jump in put-buying at the 1,200‑rupee strike, with open interest swelling to 6,863 contracts by market close, and heavy call writing at 1,300.
The former implies investors are betting on the stock falling further by around 7% while the latter suggests limited scope for a near‑term rebound.
"The business environment remains highly fluid, making it difficult to form a definitive view of how the next 12 months will unfold," said CEO C Vijayakumar in a post-earnings call.
He also called out specific project scaledowns from two clients in the Americas region, which could shave about 0.5% off annual growth.
Tech Mahindra TEML.NS staged a partial comeback to close 2.5% down, after sliding nearly 6%, following a fourth-quarter revenue beat.
HCLTech continues trade slightly higher than larger rivals https://reut.rs/4vyAi8G
(Reporting by Urvi Dugar and Pranav Kashyap in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)
(([email protected]; +91 9558725583;))
- Wipro signed a definitive agreement on April 14, 2026 to acquire select customer contracts from Alpha Net Consulting and its subsidiaries.
- Purchase consideration totals up to USD 70.8 million, including a deferred earnout tied to performance conditions.
- Transaction targets access to key clients plus related workforce to strengthen Wipro AI-powered, consulting-led application services.
- Closing expected by June 30, 2026.
- Alpha Net Group was founded in 2001 and is headquartered in Santa Clara, California.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-166704), on April 21, 2026, and is solely responsible for the information contained therein.
- Wipro signed a definitive agreement on April 14, 2026 to acquire select customer contracts from Alpha Net Consulting and its subsidiaries.
- Purchase consideration totals up to USD 70.8 million, including a deferred earnout tied to performance conditions.
- Transaction targets access to key clients plus related workforce to strengthen Wipro AI-powered, consulting-led application services.
- Closing expected by June 30, 2026.
- Alpha Net Group was founded in 2001 and is headquartered in Santa Clara, California.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wipro Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-166704), on April 21, 2026, and is solely responsible for the information contained therein.
April 17 (Reuters) - Shares of Wipro WIPR.NS dipped 2.9% on Friday after India's fourth-largest IT firm's revenue outlook for the ongoing quarter reinforced concerns around growth visibility and margin pressure.
The stock was the top loser on the IT index .NIFTYIT as well as the benchmark Nifty 50 .NSEI.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)
(([email protected]; 8800437922;))
April 17 (Reuters) - Shares of Wipro WIPR.NS dipped 2.9% on Friday after India's fourth-largest IT firm's revenue outlook for the ongoing quarter reinforced concerns around growth visibility and margin pressure.
The stock was the top loser on the IT index .NIFTYIT as well as the benchmark Nifty 50 .NSEI.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)
(([email protected]; 8800437922;))
April 16 (Reuters) - Wipro Ltd WIPR.NS:
SEES Q1 FY27 IT SERVICES REVENUE IN RANGE OF $2,597 MILLION TO $2,651 MILLION
Q4 TOTAL BOOKINGS $3,455 MILLION
Further company coverage: WIPR.NS
(([email protected];;))
April 16 (Reuters) - Wipro Ltd WIPR.NS:
SEES Q1 FY27 IT SERVICES REVENUE IN RANGE OF $2,597 MILLION TO $2,651 MILLION
Q4 TOTAL BOOKINGS $3,455 MILLION
Further company coverage: WIPR.NS
(([email protected];;))
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Popular questions
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What does Wipro do?
Wipro is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging its holistic portfolio of capabilities in consulting, design, engineering, and operations, the company help clients realize their boldest ambitions and build future-ready, sustainable businesses.
Who are the competitors of Wipro?
Wipro major competitors are Tech Mahindra, LTM, Oracle Finl. Service, Persistent Systems, Coforge, Mphasis, L&T Technology Serv.. Market Cap of Wipro is ₹1,84,117 Crs. While the median market cap of its peers are ₹87,057 Crs.
Is Wipro financially stable compared to its competitors?
Wipro seems to be less financially stable compared to its competitors. Altman Z score of Wipro is 4.24 and is ranked 8 out of its 8 competitors.
Does Wipro pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Wipro latest dividend payout ratio is 87.42% and 3yr average dividend payout ratio is 46.66%
How has Wipro allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Wipro balance sheet?
Balance sheet of Wipro is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Wipro improving?
Yes, profit is increasing. The profit of Wipro is ₹13,265 Crs for TTM, ₹13,197 Crs for Mar 2026 and ₹13,135 Crs for Mar 2025.
Is the debt of Wipro increasing or decreasing?
Yes, The net debt of Wipro is increasing. Latest net debt of Wipro is -₹4,322.7 Crs as of Mar-26. This is greater than Mar-25 when it was -₹8,212.6 Crs.
Is Wipro stock expensive?
Wipro is not expensive. Latest PE of Wipro is 13.93, while 3 year average PE is 20.55. Also latest EV/EBITDA of Wipro is 10.45 while 3yr average is 14.73.
Has the share price of Wipro grown faster than its competition?
Wipro has given lower returns compared to its competitors. Wipro has grown at ~6.3% over the last 9yrs while peers have grown at a median rate of 19.07%
Is the promoter bullish about Wipro?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Wipro is 72.59% and last quarter promoter holding is 72.62%
Are mutual funds buying/selling Wipro?
The mutual fund holding of Wipro is decreasing. The current mutual fund holding in Wipro is 1.83% while previous quarter holding is 4.31%.