Wipro Ltd on Wednesday marked a second straight year of falling revenue, even as it braced for its weakest start to a new fiscal year amid concerns over global technology spending.India’s fourth-largest information technology (IT) services company reported $10.51 billion in revenue for FY25, down 2.72% from the previous year, even as net profit jumped 19% to $1.54 billion. While the numbers beat analysts’ estimates, falling revenue and rising uncertainties challenge Wipro’s ability to kickstart growth, a year after Srinivas Pallia took over as chief executive.A Bloomberg survey had estimated a revenue of $10.29 billion and profit of $1.48 billion.“The global industry environment remained uncertain for most of the year, and of course, the recent tariff announcements have only added to that,” Pallia told media after the earnings announcement. The company now expects to end the June quarter with revenue of $2.51-2.56 billion, which would be 3.5% to 1.5% lower than in the March quarter in constant currency terms, its slowest start to a new fiscal year. Constant currency does not take currency fluctuations into account.Also read | Will Pallia’s game plan for Wipro secure Rishad Premji’s legacy?“Given the uncertainty in the environment, we expect our clients to take a more measured approach going forward, especially on two spend areas, large transformation programmes and discretionary spend,” said Pallia.The caution follows US president Donald Trump announcing so-called reciprocal tariffs on 2 April, and then suspending them a week later following intense market turbulence. Such uncertainty might prompt clients of homegrown outsourcers to hold back spending, which will result in lower business for IT outsourcers including Wipro.While Wipro’s revenue fell, Tata Consultancy Services Ltd (TCS) earlier reported a 3.8% revenue growth, still its slowest growth in four years. K. Krithivasan, CEO of the country’s largest IT services company, had said clients were delaying decision-making and there were some project ramp-downs. Pallia’s comments on Wednesday echo the same concern.Wipro’s revenue decline was primarily due to lower business from Europe, its third largest market. Even better business in the Americas could not offset the loss from the region.Read this | Wipro Ventures heads into new decade with a fresh pair of hands at its wheelsWipro’s dull performance comes a year after the Bengaluru-based IT outsourcer named Pallia its new chief executive. In his first year, Pallia has focused on cutting redundant costs, such as travel and offsites.Pallia has also identified 50 must-have accounts and deployed ‘account executives’ for its 80 largest clients. The company also won two large deals in his first year as CEO, including a $650 million contract from British insurer Phoenix Group in March, and a $500 million deal from an unnamed US-based communications provider in June last year.Still, Wipro has a long way to go before it can clock growt in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. 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Wipro experiences a sluggish beginning to FY26 following a decline in revenue for the second consecutive year.
