Wipro announces results for the Quarter and Year ended March 31, 2026 - April 16, 2026

East Burnwick, N.J., April 17: Wipro Limited, a leading AI-powered technology services and consulting company, announced its financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026, highlighting steady growth, resilient margins, and strong deal momentum.

Quarter Highlights (Q4 FY26)

• Gross revenue stood at ₹242.4 billion ($2.58 billion), up 2.9% QoQ and 7.7% YoY
• IT services revenue reached $2.65 billion, growing 0.6% QoQ and 2.1% YoY
• Large deal bookings surged 65.1% QoQ to $1.44 billion
• Net income was ₹35.0 billion, up 12.3% QoQ
• Adjusted net income rose 3.7% QoQ
• IT services operating margin stood at 17.3%
• Operating cash flow was ₹31.7 billion, representing 90.1% of net income

Full-Year Highlights (FY26)

• Gross revenue reached ₹926.2 billion ($9.9 billion), up 4.0% YoY
• Total bookings rose 14.0% YoY to $16.4 billion
• Large deal bookings increased 45.4% YoY to $7.8 billion
• Net income stood at ₹132.0 billion, up 0.5% YoY
• Adjusted net income grew 2.2% YoY
• Operating margin expanded to 17.2%
• Operating cash flow was ₹149.3 billion, at 112.6% of net income

Strategic Outlook

For the quarter ending June 30, 2026, Wipro expects IT services revenue to be in the range of $2.60 billion to $2.65 billion, translating to a sequential guidance of (-2.0%) to 0% in constant currency terms.

Leadership Commentary

Srini Pallia, CEO and Managing Director, said the company is accelerating its pivot to an AI-first model through its AI Native Business & Platforms unit, leveraging large strategic deals, including a key engagement with Olam Group.

Aparna Iyer, Chief Financial Officer, emphasized continued investments in clients and capabilities, strong cash conversion, and disciplined margin management. She also highlighted the company’s commitment to shareholder returns.

Capital Allocation

The Board of Directors has approved a share buyback proposal worth ₹150 billion (₹15,000 crore), subject to shareholder approval. The buyback will be conducted via tender offer at ₹250 per equity share, representing up to 5.7% of total paid-up equity capital.

Additionally, interim dividends declared during FY26 will be treated as the final dividend for the financial year.

Deal Wins & Recognition

Wipro reported multiple large deal wins across healthcare, financial services, manufacturing, retail, and energy sectors, with a strong focus on AI-led transformation, cloud adoption, and operational efficiency.

The company also earned multiple global recognitions, being positioned as a Leader across several industry analyst reports, including ISG Provider Lens™, Everest Group PEAK Matrix®, HFS Horizons, and Avasant RadarView™.