By BullScreen Editorial Team 
Wipro Limited reported a mixed set of numbers in its Q4 results 2026, with a strong sequential recovery in profit and a sharp rise in large deal bookings, even as year-on-year performance and near-term guidance signaled caution.
For the quarter ended March 31, 2026, the company posted gross revenue of ₹242.4 billion ($2.58 billion), marking a 2.9% quarter-on-quarter (QoQ) increase and a 7.7% rise year-on-year (YoY). IT services revenue came in at $2.65 billion, growing a modest 0.6% sequentially and 2.1% annually, indicating a slow recovery in core operations.
Net income stood at ₹35 billion, up 12.3% QoQ, but declined 1.9% compared to the same period last year. Earnings per share (EPS) rose to ₹3.34, reflecting a 12.1% sequential improvement. However, margins remained under pressure, with IT services operating margin at 17.3%, slightly down both sequentially and YoY.
A key highlight of Wipro’s Q4 results 2026 was the surge in large deal bookings. The company secured deals worth $1.44 billion during the quarter, up 65.1% QoQ in constant currency terms. This included a major 8-year contract with Olam Group valued at over $800 million, underlining strong client confidence despite a challenging macro environment.
For the full financial year, total bookings reached $16.4 billion, registering a healthy 14% YoY growth. However, slower conversion of deals into revenue continues to impact near-term growth visibility.
On shareholder returns, Wipro announced a ₹15,000 crore share buyback at ₹250 per share, offering a premium of nearly 19% over the prevailing market price before the announcement. The company also declared a total dividend of ₹11 per share for FY26, reinforcing its capital return strategy.
Strategically, Wipro is accelerating its shift towards an “AI-first” approach. CEO Srini Pallia highlighted the company’s focus on a “services-as-a-software” model, supported by investments in its AI-native platforms such as Wipro Intelligence™. These initiatives aim to drive automation, improve efficiency, and expand capabilities in sectors like healthcare and life sciences.
Despite these positives, the company’s forward guidance dampened sentiment. For Q1 FY27, Wipro expects IT services revenue in the range of $2.60 billion to $2.65 billion, implying a sequential decline of up to 2% in constant currency terms. The cautious outlook reflects ongoing weakness in discretionary spending and specific client-related headwinds, particularly in the Americas.
Overall, Wipro’s Q4 results 2026 indicate a company navigating a transition phase. While strong deal wins, improving profitability, and aggressive shareholder returns are positive signals, the subdued near-term outlook suggests that a sustained recovery in the IT sector may take more time.