Wipro Announces Q4 and Full Year Results for March 31, 2026, Driven by AI Focus and Major Strategic Wins
Wipro Limited, a technology services and consulting company, announced its financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026. The company reported significant growth in its service segments while detailing plans for major capital returns to shareholders.In the fourth quarter of the fiscal year (Q4'26), Adjusted Net Income grew 3.7% Quarter-over-Quarter (QoQ) and 2.2% Year-over-Year (YoY). The overall full year (FY'26) margin stood at 17.2%, expanding 0.2% from the previous year, while the Q4 margin reached 17.3%.
Financial Highlights (Q4'26 and FY'26)
Wipro reported the following key figures for the quarter and year ended March 31, 2026:| Metric | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|
| Gross Revenue | ₹ 242.4 billion (2.9% QoQ, 7.7% YoY) | ₹ 926.2 billion (4.0% YoY) |
| IT Services Segment Revenue | $2,651.0 million (0.6% QoQ, 2.1% YoY) | $10,478.1 million (0.3% YoY) |
| Total Bookings | $3,455 million (3.2% QoQ) | $16.4 billion (14.0% YoY) |
| Large Deal Bookings | $1,440 million (65.1% QoQ) | $7.8 billion (45.4% YoY) |
| Adjusted Net Income | ₹ 34.9 billion (3.7% QoQ) | ₹ 134.3 billion (2.2% YoY) |
| Operating Cash Flow | ₹ 31.7 billion (90.1% of Net Income) | ₹ 149.3 billion (112.6% of Net Income) |
| Voluntary Attrition (TTM) | 13.8% |
Market Positioning and Segment Mix
The company's IT services segment generated the majority of revenue, with key strategic market units (SMUs) contributing:- Americas 1: 33.2%
- Americas 2: 29.2%
- Europe: 26.5%
- APMEA: 11.1%
Sector wise, Banking, Financial Services and Insurance remains the largest sector, accounting for 34.1% of revenue.
Corporate Actions and Outlook
In terms of capital allocation, the Board of Directors announced the approval of a buyback for an aggregate value not exceeding ₹ 150 billion. Additionally, the interim dividend of ₹ 11 declared during FY'26 by the Board was designated as the final dividend for the financial year 2025-26.For the Quarter ending June 30, 2026, Wipro expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million, translating to a sequential guidance of -2.0% to 0% in constant currency terms.
Focus on AI and Major Deals
Wipro emphasized its pivot to a services-as-a-software model through its AI Native Business & Platforms unit, highlighting advancements in Artificial Intelligence (AI) as a key industry driver.Key large deal wins noted for the quarter include:
- Health Insurance: Extending a contract with a US-based health insurance provider to modernize IT operations and leverage AI for predictive insights.
- Global Technology Leader: Renewing a long-term managed services engagement to transform IT infrastructure and Digital Workplace Services for an acquired company.
- Global Medtech Company: Selecting Wipro to transform its Post Market Surveillance (PMS) process into a more efficient, AI-powered operation.
- US Retailer: Choosing Wipro to modernize its store associate experience and execution model across a large store network.
- US Health Insurer: Selecting Wipro to modernize member enrollment, billing, and claims operations by deploying the PayerAI solution.
Performance Analysis
Aparna Iyer, Chief Financial Officer, stated that the company maintained its margins in a narrow band, noting that operating cash flows remained strong at 112.6% of net income for FY'26.The company also noted that for the quarter, the IT services operating margin for Q4'26 was 17.3%, showing a decline of 0.3% QoQ and 0.2% YoY.
Industry Recognition
Wipro received several industry recognitions for its technology capabilities, including:- Leader in ISG Provider Lens for Advanced Analytics and AI Services (US & Europe) 2025.
- Positioned as a Leader in Everest Group's Software Product Engineering Services PEAK Matrix Assessment 2026 (Global).
- Leader in ISG Provider Lens for Digital Sustainability 2025 (Global).
WIPRO Stock Price Movement
Today, Wipro Limited shares edged higher to close at ₹210.26, representing a solid gain of 0.19% for the session. The stock traded on a strong volume of 36.31 million shares, with the price fluctuating between a low of ₹208.21 and a high of ₹212.98.Source:
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