Questions across 8 calls

Ravi Menon

Axis Capital

Wipro Limited

Wipro Limited · 2026-07-16

Hi, thank you for the opportunity. Little surprised that you have added head count despite, the guidance that implies sequential decline. Attrition still seems to be well under control. Utilization has also come off slightly quarter -on-quarter. So why add head count now when you're still looking at a decline in revenue next quarter?

Fine, thank you. And Srini, in BFSI, most of the peers seem to be doing well and you also spoke of how things seem to be looking up there. But this quarter then we had a decline. Is this a client- specific issue and, is this something that you expect to may be hold us back a little bit in Q2 as well or do you think BFSI comes back to growth?

Wipro Limited CC-Jul26.pdf · 2026-07-16

Hi, thank you for the opportunity. Little surprised that you have added head count despite, the guidance that implies sequential decline. Attrition still seems to be well under control. Utilization has also come off slightly quarter -on-quarter. So why add head count now when you're still looking at a decline in revenue next quarter?

Fine, thank you. And Srini, in BFSI, most of the peers seem to be doing well and you also spoke of how things seem to be looking up there. But this quarter then we had a decline. Is this a client- specific issue and, is this something that you expect to may be hold us back a little bit in Q2 as well or do you think BFSI comes back to growth?

Tata Elxsi Limited

Tata Elxsi Limited · 2026-07-14

Thanks for the opportunity and congrats on a really good performance in the media and communication segment. Just wanted to check what's the pipeline like in transportation and are you seeing automakers especially look at new hybrid platforms? What sort of role can you play in that? And in the media and communication segment, one of your top customers, it's undergoing a corporate restructuring. Any changes to your engagement that might come either positively or negatively from that?

Thank you so much, sir . And the overall headcount is down a little bit. So what's the hiring plan, especially for fresh college graduates this year? And how does that compare to the last year's fresh college graduate hiring?

Tata Elxsi Limited CC-Jul26.pdf · 2026-07-14

Thanks for the opportunity and congrats on a really good performance in the media and communication segment. Just wanted to check what's the pipeline like in transportation and are you seeing automakers especially look at new hybrid platforms? What sort of role can you play in that? And in the media and communication segment, one of your top customers, it's undergoing a corporate restructuring. Any changes to your engagement that might come either positively or negatively from that?

Thank you so much, sir . And the overall headcount is down a little bit. So what's the hiring plan, especially for fresh college graduates this year? And how does that compare to the last year's fresh college graduate hiring?

L&T Technology Services Limited

FY2027 Q1 · 2026-07-14

Thank you for the opportunity. Amit, congrats on really strong growth in Mobility & Sustainability both. In Mobility, especially in Auto, some of your peers have been struggling. So, I want to talk a bit about what works for you here and how -- I know that you said there is a good pipeline, but what's really differentiating you in this market? And then in Tech, I know we used to have a Q1 seasonality with SWC, but I was sort of surprised to see that decline. So, talk about why that declined.

Thanks so much for the detailed explanation. And the rest of the world, that includes the Middle East. This is a segment that people are expecting not to do very well, but that's done pretty well here. Could you talk about that?

HCL Technologies Limited

HCL Technologies Limited CC-Jul26.pdf · 2026-07-13

Hi, thank you for the opportunity and really good performance in the ITBS business considering both the seasonality and headwinds in the two telecom customers and I think the SAP program ramped up as well that you had called out last quarter. But ER&D was a decline was a surprise. Which segment was this in and is there any further decline anticipated in ER&D in the coming quarters?

And CVK, what's prompted a rethink on the AI datacenter investment? Is this because you're seeing more customers now wanting to probably run open -weight models and control the hardware where the data resides?

Tata Consultancy Services Limited

Tata Consultancy Services Limited CC-Jul26.pdf · 2026-07-09

Hi, thanks for the opportunity. Krithi, in this environment where the narrative is that white-collar employment will decline due to AI, and the ﬁrst casualty will likely be software development, your wage hikes and hiring seem to be sending a signal that you see things diƯerently. Can you talk a bit about why you've given this wage hike and why such strong hiring in an environment where at least the narrative seems to be that we will need net fewer people to do this sort of work?

That’s great. And consumer, you spoke quite a bit about it, but any speciﬁc sub-segments within this that you'd like to call out? For example, airlines.

BIRLASOFT LIMITED

BIRLASOFT LIMITED CC-May26.pdf · 2026-05-06

Angan, your top 5 customers have been growing. And finally, this quarter, we've actually seen that flatline. So I just wanted to check, is there anything that's temporarily stopping this, and when we can expect growth to resume?

Yes, I was saying that the top 5 customers have been growing quite well. And now we've had a quarter where this has flatlined. So I just want to check if there is anything within the top 5 that's been a client-specific issue this quarter, and when we can expect this to resume growth?