Wipro (WIPRO) Q4 25/26 earnings summary

Executive summary

• IT services revenue for Q4 FY26 was $2.65 billion, up 0.2% sequentially and down 0.2% year-on-year in constant currency.

• Audited financial results for the quarter and year ended March 31, 2026, were approved by the Board on April 16, 2026.

• Statutory auditors issued unmodified opinions on both standalone and consolidated results under Ind AS and IFRS.

• Results reflect the merger of five wholly owned subsidiaries, effective April 1, 2025, restated for prior periods.

• Strategic investments continue in AI, cloud, and data, with a new AI-native business and platforms unit launched.

Financial highlights

• Full-year IT services revenue was $10.5 billion, a 1.6% year-on-year decline in constant currency.

• Consolidated revenue for FY26 was ₹926,240 million, up from ₹890,884 million year-over-year.

• Net income for Q4 was INR 35 billion; adjusted net income rose 3.7% sequentially, and full-year net income increased 2.2% year-on-year.

• Basic EPS for FY26 was ₹12.60 (consolidated), compared to ₹12.56 in FY25.

• Operating cash flow was 112.6% of net income for FY26; gross cash including investments stood at $5.9 billion.

Outlook and guidance

• Q1 FY27 revenue guidance for IT services is $2.597–$2.651 billion, implying sequential growth of -2% to 0% in constant currency.

• Board approved a buyback of up to 600 million shares (5.7% of equity) at ₹250 per share, totaling up to ₹150,000 million, subject to shareholder approval.

• Announced acquisitions: Mindsprint (USD 375 million) and select contracts of Alpha Net Consulting (USD 70.8 million), both expected to close by June 2026.

• Management expects margin volatility in Q1 due to wage hikes and large deal ramp-ups but aims to maintain margins in a narrow band medium term.