Newsletter
Another IT major Wipro reported its Q4 results, and it’s pretty much in line with expectations.
Quick breakdown:
Revenue (₹): up 2.7% QoQ to ₹24,017 crore
Net profit: down 1.8% YoY to ₹3,502 crore
Revenue ($): up 0.6% QoQ to $2.65 billion
It expects its IT services revenue for the next quarter to be between $2.59 billion and $2.65 billion, which translates to a possible -2% to flat growth.
There was some good news for investors, though.
The company announced a ₹15,000 crore share buyback, returning cash to shareholders. That’s slightly lower than its last buyback of ₹16,000 crore in 2023, but still significant.
On the deal front, things look stable. Total bookings came in at $3.45 billion, up 3.2% sequentially, while large deals contributed $1.44 billion.
Headcount update: Wipro had about 2.42 lakh employees at the end of March 2026, adding just 135 people from the previous quarter, as it continues to hire cautiously due to uneven demand across sectors.
What’s next: the Bengaluru-based IT firm expects its revenue next quarter to stay flat or dip slightly by up to 2%, after adjusting for currency changes.
