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.
Data Preparation, Results, and Sector Influence
Wipro’s clients, like many enterprises worldwide, are facing challenges in adopting agentic AI. However, as the technology advances, these obstacles are gradually decreasing. According to Sandhya Arun, Wipro’s chief technology officer, the primary concerns for enterprises are security, safety, data privacy, and the accuracy of AI-generated answers. Arun refers to this as “explainability,” which was a significant issue in the early stages of AI adoption.
Despite these concerns, enterprises are finding ways to overcome them, and partners like Wipro are helping to mitigate the risks. One crucial aspect of AI adoption is data readiness. To address this, Wipro has combined its global AI and data practices. This integration enables the company to provide more comprehensive solutions to its clients, helping them to better prepare their data for AI adoption.
Arun’s comments suggest that the initial hurdles in AI adoption are being addressed as the technology matures. As enterprises become more comfortable with AI, they are beginning to realize its potential benefits, such as improved efficiency and decision-making. Wipro’s role in helping its clients to overcome the challenges of AI adoption is critical, as it enables them to leverage the technology to drive business growth and innovation.
The combination of Wipro’s AI and data practices is a strategic move that reflects the company’s commitment to supporting its clients in their AI adoption journeys. By providing a more integrated approach to AI and data, Wipro can help its clients to unlock the full potential of their data and drive business success. As AI technology continues to evolve, it is likely that Wipro and other companies will play an increasingly important role in helping enterprises to navigate the challenges and opportunities of AI adoption.
Overall, Wipro’s approach to AI adoption reflects the company’s focus on innovation and customer support. By addressing the key challenges of AI adoption, such as explainability and data readiness, Wipro is helping its clients to realize the benefits of this powerful technology. As AI continues to transform the business landscape, companies like Wipro will be critical in enabling enterprises to succeed in this new environment.
Wipro acquires HARMAN’s DTS business for ₹3,125 crore, with JSA and AZB serving as legal advisors and Baker & McKenzie providing counsel.
AZB & Partners is acting as the advisor to Wipro in a business acquisition deal. The core team handling the transaction is led by two senior partners, Srinath Dasari and Bhuvana Veeraragavan. They are supported by a team of associates, including Mridula Sriram, Niranjan Kumar, and Amirthamayee Chandra Shekhar, who are working together to facilitate the acquisition process.
In addition to the core transaction team, other specialists from AZB & Partners are contributing their expertise to ensure the deal’s success. Aditya Singh Chandel, a partner, is leading the tax advisory aspect of the acquisition, assisted by senior associates Suhail Bansal and Sarvagya Bilgaiyan. Their input is crucial in navigating the tax implications of the deal and ensuring compliance with relevant tax laws.
Furthermore, the firm’s competition law experts are also involved, ensuring that the acquisition adheres to competition regulations. Bharat V Budholia, a senior partner, is heading this aspect, supported by senior associate Varun Thakur and associate Khushi Agarwal. Their role is to assess the potential competitive impact of the acquisition and guide Wipro through the necessary regulatory approvals.
The involvement of AZB & Partners underscores the complexity and significance of the business acquisition. By leveraging the expertise of various specialists within the firm, Wipro is well-positioned to navigate the legal and regulatory hurdles associated with the deal. The collaboration between different teams at AZB & Partners reflects the comprehensive approach required for such transactions, covering transactional, tax, and competition law aspects.
The advisory role of AZB & Partners in this acquisition highlights the firm’s capabilities in handling significant corporate deals. The team’s diverse expertise and collaborative approach are key to supporting Wipro throughout the acquisition process, from due diligence to regulatory compliance and finalization of the deal. As Wipro moves forward with this strategic acquisition, the guidance from AZB & Partners will be instrumental in ensuring a smooth and successful transaction.
Simbian collaborates with Wipro to deliver its top-tier AI-powered Security Operations Center technology as a managed security solution.
Symbian, a leading provider of AI-powered Security Operations Center (SOC) technology, has partnered with Wipro, a global information technology, consulting, and business process services company. The partnership aims to offer Symbian’s AI SOC technology as a managed security service to Wipro’s customers.
This collaboration will enable Wipro to provide its clients with a comprehensive and proactive cybersecurity solution, leveraging Symbian’s cutting-edge AI-powered SOC technology. The technology utilizes machine learning and artificial intelligence to detect and respond to security threats in real-time, reducing the risk of cyber attacks and data breaches.
By offering Symbian’s AI SOC technology as a managed security service, Wipro will be able to provide its customers with a robust and scalable cybersecurity solution that can be easily integrated into their existing infrastructure. The service will be delivered through Wipro’s global delivery network, ensuring that customers receive high-quality support and monitoring around the clock.
The partnership between Symbian and Wipro is expected to benefit both companies, as well as their customers. Symbian will gain access to Wipro’s vast customer base and global reach, while Wipro will be able to enhance its cybersecurity offerings with Symbian’s innovative AI SOC technology.
The demand for managed security services is increasing rapidly, driven by the growing need for organizations to protect themselves against sophisticated cyber threats. By partnering with Symbian, Wipro is well-positioned to capitalize on this trend and provide its customers with a leading-edge cybersecurity solution.
The AI SOC technology offered by Symbian has several key features, including advanced threat detection, incident response, and security analytics. The technology is designed to be highly scalable and can be easily integrated with existing security systems, making it an attractive solution for organizations of all sizes.
Overall, the partnership between Symbian and Wipro is a significant development in the cybersecurity industry, and is expected to have a major impact on the way organizations approach cybersecurity. By combining Symbian’s innovative AI SOC technology with Wipro’s global reach and delivery capabilities, the two companies are well-positioned to provide a comprehensive and proactive cybersecurity solution to organizations around the world.