Synopsis
Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% revenue increase to Rs 24,236 crore. The IT services segment saw sluggish growth, with revenue up only 0.6% sequentially. The company announced a significant Rs 15,000 crore share buyback, signaling confidence amidst cost pressures and declining operating margins.Listen to this article in summarized format
Revenue from operations, meanwhile, rose 8% year-on-year to Rs 24,236 crore.
However, the core IT services segment showed limited traction. Revenue stood at $2.65 billion, growing just 0.6% quarter-on-quarter (QoQ) and 2.1% year-on-year (YoY). On a constant currency basis, IT services revenue rose 0.2% sequentially but declined 0.2% annually, highlighting weak underlying demand.
Wipro reported a sequential rise in profit, which was up 12% QoQ.
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IT services operating margin came in at 17.3%, declining 0.3% sequentially and 0.2% YoY, indicating continued cost pressures and investment-led drag.
Operating cash flow stood at Rs 3,170 crore, down 15% YoY, though it remained strong at 90.1% of net income for the quarter.
CEO Srini Pallia said advancements in AI are reshaping client priorities and opening new opportunities, with the company pivoting towards an AI-first services-as-a-software model.
Wipro reported total bookings of $3.46 billion, up 3.2% sequentially, while large deal bookings surged 65% QoQ.
The company expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million for the next quarter. This translates to sequential guidance of -2% to 0% in constant currency terms.
CFO Aparna Iyer said the company maintained margins within a narrow band while continuing to invest in capabilities and clients.
For the full year, Wipro's performance remained subdued, with growth largely driven by deal momentum rather than core execution.
Gross revenue for FY26 stood at Rs 92,620 crore, up 4% YoY, while net income came in at Rs 13,200 crore, rising just 0.5% annually.
The core IT services business continued to lag, with revenue at $10.48 billion, declining 0.3% YoY. On a constant currency basis, the segment saw a sharper 1.6% contraction, underscoring weak discretionary spending and cautious client budgets.
Margins remained largely stable. IT services operating margin for the year stood at 17.2%, expanding slightly by 0.2%.
Despite the soft revenue trajectory, Wipro saw strong traction in deal wins. Large deal bookings surged 45% YoY to $7.8 billion during the year, while total bookings rose 14% to $16.4 billion.
