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“25-28% is the range of the margin in which we have wanted to operate. This year, we were hoping to get closer to the 25% rate when we were in Q1 and Q2. But given the current demand trajectory, it is going to take some more time to get back to that 25% mark.”
Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing market and reduced discretionary spending. He emphasized that there have been no client cancellations or one-off events, but rather a decrease in discretionary spending. Delaporte also noted that the consulting business has been impacted by the slower market. The company's CFO, Aparna Iyer, mentioned that Q3 will be a challenging quarter due to seasonality and wage hikes. However, Wipro remains positive about their strong deal wins and pipeline
No Ticket hike for F3: F3 is the sequel for F2 and it is directed by successful filmmaker Anil Ravipudi. Venkatesh, Varun Tej, Tamannaah and Mehreen reprised their roles from the original.