Wipro Navigates Q4 Headwinds with Historic Buyback and Major AI Investments (WIT Q4 2026 Earnings Call)
Wipro Limited (WIT) reported a mixed performance for its fourth quarter of fiscal year 2026, as the company navigated a challenging macro environment characterized by geopolitical disruptions and tightened client budgets. The IT giant reported Q4 IT Services revenue of $2.65 billion, representing a marginal sequential growth of 0.2% in constant currency, but a 2.0% decline year-over-year. Operating margins contracted slightly to 17.3%. However, total order bookings remained robust at $3.5 billion, representing 3.2% sequential growth, fueled by 14 large deals totaling $1.4 billion. Despite near-term volatility—including a cautious Q1 FY27 revenue guidance of -2.0% to 0.0% sequential growth—Wipro is aggressively positioning itself for the future. The company announced its largest-ever share buyback of INR 15,000 crores to return value to shareholders while simultaneously launching a new AI-native business unit to pivot toward a "services-as-a-software" model.