Wipro’s FY '26 highlights modest sequential growth amid slight full-year declines, with a strategic shift towards AI and digital services underpinning future growth plans.
- FY '26 IT services revenue declined 1.6% YoY to $10.5 billion, with Q4 marginally up by 0.2% sequentially but down 0.2% YoY.
- Operating margin remained stable at 17.2% for the full year, with slight contraction in Q4 to 17.3%, despite incremental costs.
- The company secured $3.5 billion in order bookings in Q4, including multiple strategic, large deals, notably a $1 billion+ engagement in APMEA.
- Focused on AI-native growth, Wipro launched a dedicated AI platforms unit and announced strategic AI engagements with global tech and semiconductor leaders.
- Q1 guidance anticipates a slight decline or flat growth of -2% to 0% in constant currency, with margin stability amid headwinds from salary hikes and deal ramp-ups.
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