Wipro (WPRO)’s IT Services revenue was down 0.3% QoQ in constantcurrency (CC) to USD2.66b in 4QFY24 (50bp below our estimate). Thecompany’s order intake declined 14% YoY to USD3.6b, with large deal TCV atUSD1.2b (up 9.5% QoQ). Management’s 1QFY25 revenue growth guidancewas modest at -1.5% to +0.5% QoQ in CC terms