Q4 Revenue and Sequential Growth
IT Services revenue for Q4 was $2.65 billion, with sequential growth of +0.2% (constant currency) and reported growth of +0.6%.
Full-Year Revenue and Margin Resilience
FY '26 IT Services revenue of $10.5 billion (constant currency) declined -1.6% year-on-year, while full-year operating margin expanded ~15 basis points to 17.2%, demonstrating margin resilience.
Strong Cash Generation and Balance Sheet
Operating cash flow was 112.6% of net income for FY '26. Gross cash and investments were approximately $5.9 billion and accounting yield on India investments was 7.3%.
Large Deal Wins and Order Bookings
Q4 order bookings were $3.5 billion (seq +3.2%). The company closed 14 large deals in the quarter totaling $1.4 billion, including strategic engagements with a global technology leader and a leading semiconductor company.
Major APMEA Strategic Engagement
Announced a strategic APMEA deal expected to exceed $1 billion in contract value with a committed spend of $800 million — one of the largest engagements for Wipro in the region.
AI-Native Business & Platform Strategy
Launched a dedicated AI-native business and platforms unit to transition beyond services to services-as-software, including invest/build/partner approach and focused leadership to accelerate enterprise-grade agentic AI solutions.
Sector-level Strength in Technology & Communications
Technology & Communication sector grew +5.3% sequentially and +10.4% year-on-year (constant currency), representing a strong vertical performance.
Shareholder Returns — Largest Buyback Announced
Board approved a buyback of INR 15,000 crores (~INR 250 per share) to buy back ~5.7% of paid-up capital — the largest buyback announced by the company; FY '26 dividends of $1.3 billion and a 3-year payout ratio of ~88%.
Capco and Consulting Momentum
Capco reported strong sequential and year-on-year revenue performance, contributing to consulting and advisory momentum, particularly in AI and BFSI engagements.