Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 73

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 5
Chunk 73
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 U.S.$ 5.4 billion as compared to U.S.$ 4.6 billion in fiscal year 2024, an increase of 17.4% year-over-year. Our order booking in total contract value terms in fiscal year 2025 was U.S.$ 14.3 billion as compared to U.S.$ 14.9 billion in fiscal year 2024, a decrease of 4.0% year-over-year.
Operating profit as a percentage of revenue in our IT Services segment for the year ended March 31, 2025 was 17.07%. We are focusing on the following levers to improve our operating profit:

•Continuously reviewing our pyramid structure and optimizing span of control of the management team;
•Using next-generation technology including GenAI to drive automation, superior customer experience and maximizing returns;
•Reskilling and redeploying existing resources and optimizing utilization of our existing talent pool over a variable workforce (i.e., sub-contractors);
•Optimizing costs relating to travel, facilities and other discretionary spending like marketing events;
•Improving price realization to combat inflationary environment;
•Differentiating our offerings by providing premium services using our consulting-led, AI-powered approach;
•Aligning our resources to expected demand and pivoting ourselves to meet new opportunities; 
•Moving towards higher valued transformation projects and reduced low margin projects;
•Driving revenue and cost synergies of acquired businesses;
•Investing in non-linearity through our IP portfolio that de-links the linear relationship between revenue and efforts expended; and
•Optimizing our support headcount and other administrative overheads.
However, we anticipate challenges in improving our operating profits, largely due to the following reasons:
•Limited ability of the market to accept increases in prices for our offerings to fully offset incremental costs;
•Investments in acquisitions with onsite capabilities that can potentially contribute to lower margins; 
•Annual increases in salaries, progressions and bonuses;
•Investments in consulting talents, domain architects, deep subject-matter experts including AI and diversified local leadership;
•Lower utilization of our resources arising from a slowdown in the economic environment, resulting in weak demand for our services from customers or a reduction in discretionary spending;
•Loss of revenue due to vendor consolidation or insourcing at the customer end; and
•The impact of exchange rate fluctuations on our Indian Rupee realizations.

IT Products
According to the NASSCOM Report, the overall revenue for the hardware industry is expected to be U.S.$ 19.3 billion in