Wipro Limited Earnings Recaps
Q4 2026
Apr 16, 2026
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.
Key takeaways
- 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.
Q3 2026
Jan 17, 2026
Wipro Limited experienced a 1.4% sequential revenue growth in Q3 FY '26, driven by broad-based gains across major markets, while navigating a challenging environment underscored by AI-led transformations.
Key takeaways
- IT Services revenue reached $2.64 billion, with a 1.4% growth in constant currency; excluding HARMAN DTS, growth was 0.6%.
- Operating margins improved to 17.6%, reflecting a 40 basis point expansion from Q2.
- Significant deal activity, with $3.3 billion in total contract value and $871 million in large deal bookings.
- Successful integration of HARMAN DTS enhances engineering and AI capabilities, opening new market opportunities.
- Guidance for Q4 projects IT services revenue growth of 0% to 2% in constant currency.