Wipro delivered modest Q4 growth with stable margins amid ongoing macroeconomic headwinds, maintaining full-year revenues and margins close to previous levels. Strategic investments in AI and regionally diverse performance highlight a cautious but forward-looking stance.

• Q4 IT Services revenue was $2.65 billion, up marginally sequentially but down 2% YoY; full year at $10.5 billion reflects a 1.6% decline.
• Operating margin remained steady at 17.3%, with full-year margin expanding slightly to 17.2%; margins face near-term pressure from salary hikes and deal ramp-ups.
• $3.5 billion in order bookings in Q4, including 14 large deals totaling $1.4 billion, driven by strategic engagements in AI and engineering services.
• Regionally, Americas 1 showed growth, while Americas 2 declined; Europe remained flat, and APMEA demonstrated positive momentum, especially in Southeast Asia.
• Wipro’s deliberate shift to an AI-native business model, including a new dedicated platform unit, underscores commitment to expanding enterprise AI solutions and building a dual engine growth strategy.