BENGALURU: Wipro chairman Rishad Premji stated that the external environment is still volatile, highlighting macroeconomic pressures, tariff uncertainties, and evolving client priorities. “While the environment hasn’t worsened, it hasn’t improved significantly either. Clients are acclimatising to a world that is inherently more unpredictable,” Premji said at the company’s 79th annual general meeting (AGM) held virtually on Tuesday.Despite a 2.3 per cent year-on-year decline in FY25’s IT services revenue (in constant currency) to $10.5 billion, Wipro reported a 18.9 per cent rise in net income to Rs 13,140 crore and a 90-basis point expansion in operating margins to 17.1 per cent. “The year was marked by disciplined execution and bold investments,” Premji added.Wipro CEO Srini Pallia said AI is becoming central to how Wipro delivers value. “Clients want AI-powered solutions that deliver velocity, efficiency, and measurable business outcomes. Every major deal now has AI at its core,” he said. Wipro won 63 large deals worth $5.4 billion in FY25 including two mega deals.On the HR front, Wipro is doubling down on building future-ready talent. Nearly 87,000 employees completed advanced training in generative AI, while the company partnered with 63 colleges to redesign curricula and boost industry readiness among graduates. Premji is betting big on the firm’s AI-first strategy and deeper client engagement to navigate an uncertain global business environment.Attrition for the year stood at 15 per cent, down from previous years, and the company’s subcontractor workforce is steady at 9.5 per cent of total headcount. Leadership development has also taken centre stage.