Deal volume remains strong but discretionary spending down: Wipro MD & CEO

Wipro’s sequential revenue growth guidance of -3.5 per cent to -1.5 per cent in constant currency for the quarter ending December 31, 2023 (Q3FY24), underlines the turbulence the information technology services firm as well as the industry is facing amid global macroeconomic uncertainty. Thierry Delaporte, chief executive officer and managing director, Wipro, talks about the demand environment, large deals pipeline, and acquisition strategy in an interview with Ayushman Baruah in Bengaluru. Edited excerpts:  

What is the reason behind the negative revenue growth guidance for Q3?

A trend we have seen in the past few quarters is that there is a significant uptick