Debasis Mohapatra
Bengaluru, 31 January 2025
Wipro is witnessing momentum in medium to large size deals with a contract value between $50-100 million, which is likely to accelerate its revenue growth in coming quarters.
These deals are coming across verticals like healthcare, consumer, technology & communication, the management of Wipro has said during analyst call.
“The company is seeing more traction in medium-to-large size deals with TCV (total contract value) of about $50-100 million across Healthcare, Consumer, and Tech & Comm,” brokerage firm, Emkay wrote in a report.
“BFSI remains strong in Americas, Europe, and India. Manufacturing is strong in Europe compared with the US. Growth in the health vertical remains fairly broad-based across payers, providers, pharma, and medical devices,” the report added.
During December quarter (Q3FY25), deal bookings of Wipro continued to see good traction.
Total bookings of the Bengaluru-headquartered company stood at $3.5 billion in the December quarter. This included 17 large deal bookings with a combined TCV of around $1 billion, which was led by small and medium-size deals.
“Total deal booking on TTM basis declined 10% YoY. Deal booking remains strong, in the $1-5 million and $5-10 million TCV range,” the report noted.
Meanwhile, the Azim Premji-promoted firm continued to see improvement in its Capco’s business.
“Capco business continued to see improved demand. Capco order book grew 9% and revenue grew 11% YoY. Among strategic market units, Wipro saw steady growth in demand across Americas, while Europe and APMEA remained soft. Americas 1 grew 3.9% CC QoQ, and growth was led by the Health, Technology, and Communication sectors,” the report said.
