Q4 and Full Year Revenue & Growth
IT Services revenue in Q4 was $2.65 billion (0.2% sequential growth in constant currency; reported growth 0.6%); FY'26 IT Services revenue was $10.5 billion, a year-on-year decline of 1.6% in constant currency.
Order Bookings and Large Deal Wins
Order bookings in Q4 were $3.5 billion (up 3.2% sequentially, down 13.9% year-on-year). The quarter included 14 large deals totaling $1.4 billion, and multiple strategic engagements with a global technology leader and a global semiconductor company.
Major Strategic APMEA Engagement
Closed a strategic APMEA deal expected to exceed $1 billion in contract value with a committed spend of $800 million — cited as one of Wipro's largest engagements in the region.
Margin Resilience for FY'26
Full-year operating margin expanded to 17.2%, an increase of ~15 basis points year-on-year, demonstrating margin discipline despite revenue headwinds and integration effects.
Strong Cash Generation
Operating cash flow for FY'26 was 112.6% of net income. Gross cash including investments was approximately $5.9 billion and accounting yield on India investments was 7.3%.
Shareholder Returns – Largest Buyback Announced
Board approved a buyback of INR 15,000 crores at INR 250 per share (largest buyback announced by Wipro), expected to repurchase ~5.7% of paid-up capital, and FY'26 dividends distributed $1.3 billion; 3-year payout ratio ~88%.
AI & Platform Strategy
Launched a dedicated AI-native business and platforms unit (Wipro Intelligence / AI-native unit) to expand from services-only to services-as-software, and to incubate AI businesses — signaling strategic pivot and planned investments into agentic AI and platform-led offerings.
Sector & Regional Strengths
Technology & Communication sector grew 5.3% sequentially and 10.4% year-on-year. Regional performance: Americas 1 grew 0.3% q/q and 2.9% y/y; Europe grew 2% q/q (flat y/y); APMEA grew 3.1% q/q and 0.8% y/y. Capco (consulting) saw strong sequential and y/y performance.