Mumbai, April 16, 2026 — Wipro has reported its financial results for the fourth quarter and full fiscal year ended March 31, 2026, delivering steady growth, robust deal wins, and announcing a major shareholder return through a ₹15,000 crore ($1.8 billion) share buyback.
The company’s performance reflects resilience in a challenging global IT environment, supported by strong client demand for digital transformation and artificial intelligence (AI)-led services.
Q4 FY26: Solid Growth and Strong Deal Pipeline
For the quarter ended March 31, 2026, Wipro reported:
- Revenue: ₹242.4 billion ($2.58 billion), up 2.9% quarter-over-quarter and 7.7% year-over-year
- Net Income: ₹35.0 billion, rising 12.3% sequentially
- Adjusted Net Income: Up 3.7% QoQ
- IT Services Operating Margin: 17.3%
- Total Bookings: $3.46 billion
- Large Deal Bookings: $1.44 billion, surging 65.1% QoQ
- Voluntary Attrition: 13.8%
Operating cash flow remained strong at 90.1% of net income, underscoring consistent cash generation.
FY26 Performance: Stable Growth in a Volatile Market
For the full fiscal year FY26, Wipro delivered:
- Revenue: ₹926.2 billion ($9.9 billion), up 4.0% YoY
- Net Income: ₹132.0 billion, marginally up 0.5% YoY
- Adjusted Net Income: Increased 2.2% YoY
- Operating Margin: 17.2%, expanding by 0.2 percentage points
- Total Bookings: $16.4 billion, up 14% YoY
- Large Deal Bookings: $7.8 billion, a sharp 45.4% increase YoY
- Operating Cash Flow: 112.6% of net income
The company maintained margin stability while continuing investments in talent, technology, and client capabilities.
₹15,000 Crore Buyback and Shareholder Returns
Wipro’s board approved a share buyback worth ₹15,000 crore at ₹250 per share, representing approximately 5.7% of its total paid-up equity capital. The buyback is subject to shareholder approval.
Additionally, the company confirmed that the ₹11 interim dividend declared during FY26 will serve as the final dividend for the fiscal year.
Leadership Commentary: AI Driving Transformation
CEO Srini Pallia emphasized the transformative role of artificial intelligence in reshaping client priorities, noting that Wipro is accelerating its shift toward a “services-as-software” model through its AI Native Business & Platforms unit.
CFO Aparna Iyer highlighted strong cash conversion and consistent shareholder returns as key achievements during the year.
Major Deal Wins Across Industries
During the quarter, Wipro secured significant deals across sectors including healthcare, retail, energy, manufacturing, and financial services. Key partnerships included:
- ABB Group
- TruStage
- Olam Group
These engagements are focused on AI-driven transformation, automation, and cloud modernization initiatives.
Q1 FY27 Outlook: Cautious Near-Term Guidance
For the quarter ending June 30, 2026, Wipro expects IT services revenue in the range of $2.60 billion to $2.65 billion. The company has guided for sequential growth between -2.0% and 0% in constant currency terms, indicating a cautious stance amid uncertain global demand conditions.
Outlook: Positioned for Long-Term Growth
Despite near-term headwinds, Wipro enters FY27 with strong deal momentum, stable margins, and a significant capital allocation strategy. With increasing enterprise adoption of AI and digital technologies, the company is positioning itself to capture long-term growth opportunities in the evolving global IT services landscape.