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Revenue
₹24,236 Cr
verified against source
Revenue YoY
-2%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Wipro's Q4 FY26 IT services revenue of $2.65B declined 2% YoY in constant currency, with operating margin contracting 30bps to 17.3%. Sequential growth of 2% was driven by Americas1, Europe, and APMEA, but Americas2 declined sharply due to client-specific issues and delayed ramp-ups in BFSI. Large deal bookings totaled $3.5B, including a $1B+ Olam deal. Management guided Q1 revenue between $2.597B-$2.651B, implying -2% to 0% sequential growth, absorbing wage hikes and deal ramp-up costs. Margins are expected to remain in a narrow band medium-term, but near-term volatility from investments in the new AI-native unit and large deal transitions poses risk. The key risk is sustained weakness in Americas2 BFSI if client issues persist beyond Q1.
Colored figures show movement against the previous available record.
Guidance to track
- IT services revenue expected between $2.597B and $2.651B, reflecting seasonal weakness and client-specific issues.
- Management aims to keep operating margins in a narrow band despite wage hikes, deal ramp costs, and AI investments.
- Largest buyback in Wipro's history, expected to complete in Q1 FY27, subject to shareholder approval.
Risks flagged
- Client-specific issues and delayed ramp-ups may persist beyond Q1, impacting growth in a key market unit.
- New large deals won competitively may have lower initial margins, adding to near-term margin volatility.
- Clients in manufacturing and auto sectors are cautious due to tariffs, potentially delaying IT spending decisions.
Key quotes
- We are making a deliberate strategic pivot to stay ahead. We have launched a dedicated AI native business and platforms unit to expand beyond a services-only model to a services as a software approach.
- Our endeavor would be to maintain these margins in a narrow band in the medium term.
- The reason for the delay is very client specific but we see that opportunity coming up sooner than later.
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