Gate News message, April 17 — Indian IT services firm Wipro reported Q4 consolidated revenue of 242.4 billion rupees (approximately $2.6 billion), a 7.7% year-on-year increase but below analysts’ average estimate of 243.6 billion rupees ($2.61 billion) for the three-month period.
The revenue miss was driven by clients reducing technology spending and a slowdown in work from major client Estee Lauder. The broader Indian IT services sector is facing pressure as companies cut back on campus hiring and shift toward specialized workforce models.
Generative AI adoption is accelerating the transformation, with entry-level IT roles declining by up to 25% as companies prioritize specialized hiring. Wipro and peers are repositioning their business models around AI-driven change management and business outcomes rather than scaling through headcount growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ganfeng Lithium Swings to Profit in Q1 as Lithium Prices Rise, EV Demand Strengthens
Ganfeng Lithium anticipates a Q1 net profit of 1.6 to 2.1 billion yuan, recovering from a loss last year due to higher lithium prices and strong demand. The company aims for over 50% self-supply by 2025 and benefits from strategic projects amid rising fuel costs impacting electric vehicle adoption.
GateNews2m ago
NC Soft Bans 150,000 Accounts in Lineage Classic Macro Crackdown
NC Soft permanently sanctioned approximately 150,000 abnormal accounts on April 16, 2026, as part of an escalating effort to eliminate illegal macros from 'Lineage Classic,' according to the gaming industry report dated April 17, 2026. The company has implemented a total of 63 game usage
CryptoFrontier51m ago
American Express to Acquire AI Expense Startup Hyper in Q2 2026
American Express will acquire AI startup Hyper to enhance its expense management tools for commercial clients. The acquisition, expected to close in Q2 2026, follows a partnership that launched a co-branded rewards card in 2024.
GateNews53m ago
Hong Kong Securities and Futures Professional Association Backs Lower Dual-Class Share Thresholds to Attract Tech Companies
The SFPA advocates for lowering financial thresholds for dual-class shares in Hong Kong to attract more innovative companies, proposing new requirements aimed at easing entry for mid-sized tech firms and enhancing the city's competitive edge.
GateNews1h ago
Kailera Therapeutics Raises $625M in IPO, Largest Biotech Offering Since 2021
Kailera Therapeutics raised $625 million in its IPO, the largest for a U.S. biotech since 2021, with a market cap of about $2 billion. The company is developing obesity treatments and has strong backing from major investors.
GateNews1h ago
