Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 77

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 5
Chunk 77
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 the following industry sectors in the U.S.: banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. Europe consists of the U.K. and Ireland, Switzerland, Germany, Northern Europe, and Southern Europe. APMEA consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa.
Revenue from each customer is attributed to the respective SMUs, based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers is attributed to a single SMU based on the geographical location of key decision makers.
IT Products: The Company is a value-added reseller of security and packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company also delivers hardware, software products, and other related deliverables. Revenue relating to these items is reported as IT Products revenue.

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Our revenue and segment results are as follows:

                        Year ended March 31,                                     Year-over-Year change
                    2024                      2025                                             2025-24
                        (₹ in millions)                                                               
Revenue:                                                                                              
IT Services                   893,816                     888,224                (0.63      )%        
IT Products                     4,127                       2,692               (34.77      )%        
Reconciling Items                   —                           —                    —                
                              897,943                     890,916                (0.78      )%        
Segments results:                                                                                     
IT Services                   144,196                     151,639                 5.16       %        
IT Products                      (371   )                    (173   )            53.37       %        
Reconciling Items              (7,726   )                    (195   )            97.48       %        
                              136,099                     151,271                11.15       %        
Analysis of Results
Results of operations for the years ended March 31, 2025 and 2024
Revenue: Our revenue decreased by 0.78%.
Our IT Services segment revenue decreased by 0.63%. The decline was largely due to challenges in the macroeconomic environment as a result of which clients remained cautious and continued to cut down their discretionary spending during the year ended March 31, 2025. During fiscal