Wipro unveils MyWiproVerse in Bengaluru, revolutionizing the concept of intelligent workspaces – Architect and Interiors India
Wipro, a leading global information technology company, has launched its MyWiproVerse centre in Bengaluru, India. This innovative hub is designed to redefine smart workspaces and provide a unique experience for employees, clients, and partners. The MyWiproVerse centre is a physical manifestation of Wipro’s vision for the future of work, where technology, sustainability, and collaboration come together to create a seamless and productive environment.
The centre features cutting-edge infrastructure, including advanced virtual and augmented reality labs, artificial intelligence and machine learning studios, and a state-of-the-art cybersecurity range. These facilities enable Wipro’s employees to develop and showcase innovative solutions, while also providing a platform for clients to experience the latest technologies and collaborate with Wipro’s experts.
The MyWiproVerse centre is designed with sustainability in mind, incorporating eco-friendly materials, energy-efficient systems, and a rooftop garden. The centre also features a range of amenities, including a fitness centre, cafeteria, and collaborative workspaces, to support the well-being and productivity of employees.
One of the key highlights of the MyWiproVerse centre is its focus on smart workspaces. The centre features a range of innovative technologies, including smart desks, intelligent lighting, and advanced air quality management systems. These technologies are designed to create a comfortable and healthy work environment, while also optimizing energy efficiency and reducing waste.
The launch of the MyWiproVerse centre is a significant milestone for Wipro, as it demonstrates the company’s commitment to innovation, sustainability, and employee well-being. The centre is expected to serve as a model for future workplaces, showcasing the potential of smart workspaces to transform the way we work and live.
Overall, the MyWiproVerse centre is a testament to Wipro’s vision for the future of work, where technology, sustainability, and collaboration come together to create a seamless and productive environment. With its cutting-edge infrastructure, sustainable design, and innovative technologies, the centre is poised to redefine the concept of smart workspaces and set a new standard for the industry. As a hub for innovation and collaboration, the MyWiproVerse centre is expected to drive growth, productivity, and success for Wipro and its clients, while also contributing to a more sustainable and equitable future.
Q2 Preview for IT Sector: Impact of Weak INR and H1-B Visa Fees on TCS, Infosys, Wipro, HCL, and Other Tech Firms – Goodreturns
The IT sector in India is set to announce its Q2 results, and several factors are expected to impact the performance of major tech companies such as TCS, Infosys, Wipro, and HCL. Two key factors that will influence the results are the weak Indian rupee (INR) and the increased H1-B visa fees.
A weak INR can have a positive impact on the IT sector, as it makes Indian exports more competitive in the global market. Since the IT sector primarily earns revenue in foreign currencies, a weak INR can lead to higher revenues in rupee terms. This can result in increased profitability for IT companies. However, the benefit of a weak INR may be partially offset by the increased cost of imports, such as software and hardware, which are typically purchased in foreign currencies.
On the other hand, the increased H1-B visa fees are expected to have a negative impact on the IT sector. The US government has increased the fees for H1-B visas, which are commonly used by Indian IT professionals to work in the US. This increase in fees will lead to higher operational costs for IT companies, which may negatively impact their margins. Additionally, the increased fees may also lead to a reduction in the number of H1-B visas issued, which could further exacerbate the issue.
The impact of these factors will vary across different IT companies. Companies with a higher exposure to the US market, such as TCS and Infosys, may be more affected by the increased H1-B visa fees. On the other hand, companies with a more diversified revenue stream, such as HCL, may be less impacted.
In terms of specific companies, TCS is expected to report a revenue growth of 2-3% in Q2, driven by a strong performance in its digital business. Infosys is expected to report a revenue growth of 1-2%, driven by a pickup in its large deal wins. Wipro is expected to report a revenue growth of 1-2%, driven by a strong performance in its BFSI segment. HCL is expected to report a revenue growth of 2-3%, driven by a strong performance in its engineering and R&D services business.
Overall, the Q2 results of the IT sector will be closely watched, as they will provide insight into the impact of the weak INR and increased H1-B visa fees on the sector. While the weak INR is expected to have a positive impact, the increased H1-B visa fees are expected to have a negative impact. The performance of individual companies will depend on their specific exposure to these factors and their ability to adapt to the changing market conditions.
Q2 2025 IT Sector Earnings Preview: Earnings likely to be impacted by lingering effects of Trump-era tariffs and a sluggish macroeconomic environment, with mid-cap IT companies poised to outshine their larger counterparts.
The Indian IT services sector is set to kick off its September quarter earnings season, starting with Tata Consultancy Services (TCS). The July-September quarter was marked by subdued discretionary spending, elongated decision-making cycles, and cautious client sentiment amid macroeconomic uncertainty. As a result, IT sector Q2 results are expected to remain muted, with no material change in operating conditions. Analysts expect commentary from IT companies to remain cautious, with mid-tier firms likely to outperform large-cap players.
According to Nuvama Institutional Equities, the coverage universe is expected to report constant currency QoQ growth in the range of -0.5% to +6%. Motilal Oswal Financial Services (MOFSL) expects QoQ CC revenue growth of 0.3-2.4% for large-caps, while mid-caps are projected to post growth between -0.5% and 6.0%. Aggregate revenue for the coverage universe is expected to grow 6.0% YoY, with EBIT and PAT likely to rise 5.2% and 5.5% YoY, respectively.
TCS is expected to report 2.1% QoQ growth in revenue to ₹64,738 crore in Q2FY26, with net profit projected to increase 2.3% QoQ to ₹13,058 crore. Infosys’ revenue is expected to grow 1.8% QoQ in constant currency, while HCL Technologies is expected to deliver 1.5% QoQ revenue growth in CC terms. Wipro’s IT Services revenue is expected to grow 0.1% QoQ in CC terms.
Tier-2 IT companies are expected to deliver stronger growth in Q2, with Coforge leading the pack at 6% QoQ in constant currency. Among ER&D players, growth is likely to remain modest, with L&T Technology Services expected to post 1.5% QoQ growth. In the smallcap segment, Firstsource is expected to deliver a healthy 2.2% QoQ growth in CC terms.
Overall, the IT sector’s Q2 results are expected to be muted, with cautious commentary from companies and mid-tier firms outperforming large-cap players. The sector’s growth is likely to remain slow, with aggregate revenue expected to grow 6.0% YoY. Investors are advised to check with certified experts before making any investment decisions, as the views and recommendations made above are those of individual analysts or broking companies.
The IT sector is expected to experience a sluggish growth in FY26, but is anticipated to bounce back strongly in the next fiscal year, driven by the increasing adoption of artificial intelligence: Report
The Indian IT sector is experiencing a period of subdued growth, with industry guidance and recent results indicating a muted outlook for the current fiscal year (FY26). However, a recovery is possible in the next fiscal year (FY27) due to a predicted increase in demand from key export markets and the adoption of new technologies, particularly artificial intelligence (AI). According to HSBC Global Research, while near-term discretionary spending among clients remains weak, there are signs of acceleration in the next fiscal year, driven by the adoption of AI among enterprises.
The Indian IT sector has faced challenges related to global macroeconomic uncertainty, client cost optimization, and delayed decision-making. Despite these challenges, major Indian IT firms such as TCS, Infosys, and HCLTech have reported healthy large deal bookings and strong pipelines in the first quarter of FY26. However, actual revenue growth guidance remains restrained at 1-5% for the year.
Industry analysis highlights AI as the central driver of the next growth cycle for Indian IT services. Management commentary from leading Indian and global IT firms suggests that most client AI projects to date have focused on productivity improvements but are increasingly shifting towards driving business growth. Enterprise-scale AI adoption is anticipated to ramp up in FY27, providing a significant new opportunity for Indian IT providers to deliver transformation projects and managed services.
Accenture, which has a substantial chunk of employees in India, nearly doubled Gen AI bookings to $5.9 billion in FY25. TCS reported a robust Q1FY26 TCV of $9.4 billion with a strong deal pipeline across verticals and geographies. Infosys reported strong Q1FY26 bookings with $3.8 billion in large deals, including multiple vendor consolidation deals worth over $1 billion. Wipro reported strong bookings of $5 billion Total Contract Value (TCV) with $2.7 billion large deals, driven by vendor consolidation and AI investments.
Despite a challenging environment in the short term, sector commentary suggests a modest recovery is possible in FY27 as macroeconomic conditions stabilize in the US and Europe. The anticipated acceleration in demand for enterprise-scale digital transformation and AI-led projects could drive a 200-300 basis points improvement in revenue growth for Indian IT services companies. Overall, while the near-term outlook remains subdued, the Indian IT sector is poised for growth in the next fiscal year, driven by the adoption of AI and digital transformation.