WIPRO: Q1 revenue grew modestly year-on-year, but margin and sequential growth remain under pressure
Q1 IT services revenue grew 0.9% year-on-year but declined sequentially, with margins pressured by wage hikes and AI investments. Americas remained soft, while APMEA and Europe saw growth. Q2 guidance is cautious, with a focus on operational discipline and AI-driven transformation.Based on Wipro Li…