Wipro, a global IT services provider, recorded a 1.89% decrease in its consolidated profit after tax to Rs 3,501.8 crore for the fourth quarter of FY26, down from Rs 3,569.6 crore in the same period last year. However, the company saw a 12.27% increase in profit sequentially, as per its stock exchange filing.
The earnings per share for Wipro stood at Rs 3.34 ($0.041), marking a 12.1% rise quarter-on-quarter but a 2.1% drop year-on-year. Revenue from operations climbed 7.69% year-on-year to Rs 24,236.3 crore in the March quarter, compared to Rs 22,504.2 crore a year ago.
Looking forward, Wipro anticipates its IT Services segment revenue to range between $2,597 million and $2,651 million for the June 2026 quarter, with a sequential growth guidance of -2.0% to 0% in constant currency terms. The company’s board has also approved a share buyback of up to 60 crore fully paid-up equity shares, amounting to 5.7% of its total paid-up equity capital, at a price of Rs 250 per share, pending shareholder approval.
CEO and Managing Director Srini Pallia highlighted that advancements in artificial intelligence are reshaping client priorities, leading to new partnership opportunities. To adapt to an AI-centric environment, Wipro is transitioning to a services-as-a-software model through the AI Native Business & Platforms unit. Chief Financial Officer Aparna Iyer emphasized the company’s investments in clients, capabilities, and talent, all while maintaining margins and returning a significant portion of generated cash to shareholders as dividends.
