Wipro Ltd (NYSE: WIT)

Wipro Limited is a leading information technology services and consulting company. It helps clients with digital transformation using technologies such as GenAI cloud computing data analytics silicon chip design and blockchain. The company employs over 230,000 professionals across six continents. It delivers consulting engineering and technology services worldwide. The company has positioned itself as an AI first organization with initiatives such as the Lab45 GenAI platform and the Wipro Enterprise GenAI acceleration studio to help clients derive value from artificial intelligence under responsible guidelines. With delivery centers in North America Europe Asia Pacific Middle East and Africa Latin America and India Wipro supports customers around the clock.

The company generates revenue primarily from its IT Services segment and to a lesser extent from its IT Products segment. IT Services offerings include digital strategy customer centric design custom application development infrastructure services cybersecurity data and analytics business process services research and development hardware and software design. IT Products consist of third party computing platforms and storage networking solutions enterprise information security databases and operating systems. Revenue is earned through various commercial models such as time and material fixed price capacity based pay per use as a service and outcome based. In the fiscal year ended March 31 2025 the IT Services segment contributed 99.7 percent of total revenue while the IT Products segment accounted for 0.3 percent. The company’s service portfolio spans consulting digital transformation cloud enablement cybersecurity data and analytics business process management and engineering research and development. Clients engage Wipro through time and material contracts fixed price agreements capacity based arrangements pay per use schemes as a service offerings and outcome based engagements.

The company operates through the following segments: IT Services and IT Products. These segments reflect the company’s internal reporting structure and are used for financial performance evaluation.

• The IT Services segment provides digital strategy customer centric design custom application development infrastructure services cybersecurity data and analytics business process services research and development hardware and software design. It is organized through four strategic market units (Americas 1 Americas 2 Europe APMEA) and four global business lines (Wipro FullStride Cloud Wipro Enterprise Futuring Wipro Engineering Edge Wipro Consulting). Wipro FullStride Cloud delivers cloud strategy migration management cloud native applications and hybrid cloud solutions. Wipro Enterprise Futuring offers AI powered enterprise transformation cybersecurity data and analytics digital operations and platform services. Wipro Engineering Edge provides engineering services semiconductor design 5G connectivity IoT and cloud security solutions. Wipro Consulting supplies strategy risk technology and management consulting services. It serves clients across industries with commercial models such as time and material fixed price capacity based pay per use as a service and outcome based.

• The IT Products segment offers third party IT products including computing platforms and storage networking solutions enterprise information security databases and operating systems. It acts as a value added reseller primarily serving enterprises in the Indian market across sectors such as government defense telecommunications manufacturing utilities education and financial services. These products complement the IT services offerings by enabling integrated technology solutions for clients.

Wipro holds a strong position among global IT services providers. It competes with large consulting firms international IT services companies and niche specialists such as Accenture TCS Infosys Cognizant HCLTech and IBM Consulting. The company differentiates itself by orchestrating value through AI powered solutions deep industry knowledge and partnerships with hyperscalers such as AWS Microsoft Google IBM SAP and ServiceNow. Its extensive patent portfolio and focus on an AI first strategy further support its competitive edge. Wipro is also a constituent of the Nifty 50 index and the NYSE TMT index. In the fiscal year ended March 31 2025 the company generated revenue of approximately ₹ 890 billion and employed over 230,000 staff worldwide reinforcing its scale and market reach.

Wipro serves a diverse client base that includes banks financial institutions healthcare providers consumer goods companies energy and manufacturing firms technology and telecommunications businesses. The company has more than 700 clients that generate over one million US dollars in revenue each with its largest client accounting for about 4.3 percent of total revenue and the top five clients together representing about 14 percent of revenue. Many of these clients are Fortune 500 enterprises. Geographic revenue distribution shows the United States contributing around 59 percent the United Kingdom about 10 percent the rest of the world roughly 27 percent and India approximately 2 percent for the fiscal year ended March 31 2025. Specific customer names are not disclosed in the filing.