Wipro’s large deal bookings fell 44.6% year-on-year to $2.6 billion in the second quarter, a 19-quarter low. Its large deal total contract value (TCV) slipped 76%.
Its Americas 1 business, which covers clients across North and Latin America, declined 2.1% sequentially and 2.7% year-on-year, which it attributes to “client-specific issues” and weakness in healthcare.
At the core of Wipro’s crisis seems to be a severe commercial transition gap: as the tier-1 Indian IT major attempts to scale its AI‑native model, clients are demanding contractual AI pass-through at a time when its legacy pipeline is collapsing.
If the only argument for Mexico is the rate card gap, it’s a cost tool, and it will stop being that as wages rise and AI shrinks the labor in the work.
--Eduardo (Lalo) Campos, MD, AI-First Transformation, WillDom
Wipro’s Americas business, like its other delivery hubs, is under pressure. It sets up a test for Mexico, its primary nearshore delivery hub with around 1,600 people working in Guadalajara (Jalisco) and Mexico City.
Is it really a margin lever for Wipro, or just another place to cut costs as demand stays weak? Looking closely at Wipro’s Q2 FY27 results, Wipro's real problem seems to be demand, not cost.