Questions across 4 calls

Surendra Goyal

Citigroup

Wipro Limited

Wipro Limited CC-Jun25.pdf · 2025-07-17

Yes. Hi. Good evening. So, just 1 question on the deals again, like how comfortable are you that the 10% odd increase on trailing 12 -month TCV will translate into a meaningful growth acceleration? And the reason I ask is like in FY ‘23 also, we saw TCV was up 28% year over year, but FY ‘24 and FY ‘25, we saw a revenue decline. And in that context, is it possible to provide any sense on the ACV growth even directionally?

And any comments on ACV growth even directionally just for us to understand the trends a little better?

Tech Mahindra Limited

Tech Mahindra Limited CC-Jun25.pdf · 2025-07-16

Yes. Good evening, everyone. And Mohit, the last 5 -quarter constant currency year -over-year growth, which obviously takes out the seasonality is minus 1.2% , plus 1.2 %, plus 1.3 %, plus 0.3%, and now minus 1% . So, deal flow has been picking up. Commentary has generally been positive. So, I am just trying to understand why is the revenue momentum not commensurate with that? Is there revenue leakage which has surprised you or anything else which you would want to call out?

Thanks, Mohit. Very clear. And just one question for Rohit. Other expenses had a meaningful reduction sequentially. So, is this some kind of a new level that we should be thinking about, or is there room for other expenses to come down further going forward?

HCL Technologies Limited

HCL Technologies Limited CC-Dec24.pdf · 2025-01-13

Yes, good evening, gentlemen. CVK, can you share the ACV trends on a LTM basis now that HCLTech has started disclosing that data point again?

Sure. And the second question is on planned reduction - was it known in October when you reported the second quarter? And the reason I ask is the upper end of your guidance was building in a pretty high growth, implied growth in 3Q, 4Q. And in the press conference, you said that 3Q played out at least for servi ces in line with what you thought?

Tata Consultancy Services Limited

Tata Consultancy Services Limited CC-Mar24.pdf · 2024-04-12

Good evening, everyone. Krithi, I'm just trying to understand your commentary better. You have sequential growth in Q4. You are saying that visibility has gotten better. Deal TCV trends are good and mostly regular-sized deals. And June and September are seasonally strong as well, based on what we have seen over the years. So why are you not willing to call out growth in the coming quarters? Is the leakage in the existing big business a concern enough to hold you back despite so many positives? Any clarity would really be helpful.

And are there particular verticals where you see the reprioritization happening more commonly compared to the rest of the business?