Wipro Shares Drop on Weak Revenue Guidance

Wipro shares declined after the Indian IT services company issued a weak forward guidance, stoking concern about the pace of recovery in enterprise technology spending. The forecast disappointed investors who had been watching for signs that demand from global clients was stabilizing after a prolonged period of budget caution. Wipro's outlook adds to a pattern visible across India's IT sector, where large outsourcing vendors have struggled to convert deal wins into revenue growth amid client deferrals and project delays. The company's guidance will now sharpen scrutiny on peers including Infosys and TCS when they report, as analysts assess whether the weakness is company-specific or a broader sector signal. Near-term pressure on Wipro's valuation is likely, with investors recalibrating earnings expectations for the fiscal year ahead.