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India’s Wipro tops quarterly revenue estimates on strong Asia and Americas growth

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Indian IT major Wipro Ltd. posted stronger-than-expected results for the July–September quarter, supported by solid performance in its Asia-Pacific and Americas communications divisions and a healthy pipeline of large contracts.

The Bengaluru-based company reported a 1.8% year-on-year rise in consolidated revenue to 226.97 billion rupees ($2.58 billion), slightly above analysts’ estimates of 226.90 billion rupees, according to LSEG data. Wipro said it expects revenue growth between -0.5% and 1.5% for the current quarter, in line with market expectations, implying revenue of $2.59–$2.64 billion.

Net profit for the quarter rose 1.2% to 32.46 billion rupees, just below the forecast of 33.01 billion rupees. Among its major markets, Asia Pacific led growth at 3.1%, followed by Americas One at 0.5%, while other segments saw moderate momentum.

Wipro benefited from securing two mega deals worth over $500 million each — one with the UK’s Phoenix Group and another with a U.S.-based telecom provider — making it the only top-five Indian IT company to achieve two such contracts this fiscal year.

The company’s total deal bookings reached $4.69 billion, down from $5 billion in the previous quarter but up significantly from $3.6 billion a year earlier.

Peers Tata Consultancy Services (TCS) and HCLTech also exceeded revenue forecasts earlier this month, citing stronger demand in the second half of the fiscal year, signaling a broad recovery for India’s IT services sector.

Chevron expands Bengaluru innovation hub to drive digital and AI transformation

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Chevron has expanded its Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, opening a new 312,000-square-foot facility to boost its digital and AI capabilities. The move marks a major step in the U.S. energy giant’s global effort to streamline operations and leverage India’s deep technology talent pool.

The expansion comes a year after the launch of ENGINE, which consolidates Chevron’s global technical work and supports its target of up to $3 billion in cost savings by 2026. “We were a very decentralized organization until recently,” said Akshay Sahni, Chevron’s India country head. “We use AI to improve machine performance and drilling efficiency—it’s about smarter operations, not just cost cuts.”

Chevron’s focus on Bengaluru reflects the growing importance of India’s STEM and IT ecosystem in the energy transition. The center employs more than 1,000 professionals across disciplines such as mechanical, civil, and petroleum engineering, and plans to invest around $1 billion over the next few years in technology, infrastructure, and workforce development.

The facility features high-performance computing systems for real-time geological modeling and digital twins—virtual replicas of Chevron’s plants that enhance monitoring and maintenance.

Despite global workforce reductions of up to 20%, Chevron emphasized that its India operations are about innovation and future growth. “For now, our focus is on expanding Bengaluru and upskilling our people as technology evolves,” Sahni said.

Anthropic to open first India office in 2026 amid AI boom

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Anthropic, the artificial intelligence company backed by Google and Amazon, announced plans to open its first office in India next year as demand for AI tools accelerates across the country.

The expansion marks a major step in Anthropic’s global growth, with India already standing as its second-largest market for the Claude chatbot, which rivals OpenAI’s ChatGPT. Claude is popular among developers for its strong coding capabilities and multilingual features.

The new office will be located in Bengaluru, India’s leading technology hub, and operations are set to begin in early 2026. CEO Dario Amodei will visit India this week to meet with government officials and business partners, the company said.

India’s rapidly growing tech ecosystem — fueled by a billion internet users, rising corporate investment, and a strong talent base — has drawn top AI firms into competition. OpenAI, backed by Microsoft, is also preparing to open its first Indian office in New Delhi later this year.