Full Year 2026 Wipro Ltd Earnings Call Transcript
Key Points
- Wipro Ltd (WIT) reported a sequential growth in IT Services revenue for Q4, reaching $2.65 billion.
- The company secured 14 large deals totaling $1.4 billion in Q4, indicating strong deal momentum.
- Wipro Ltd (WIT) announced a strategic deal with the Olam Group, expected to exceed $1 billion in contract value.
- The company launched a dedicated AI-native business and platforms unit to expand its service offerings.
- Wipro Ltd (WIT) announced a buyback of INR15,000 crores, the largest in its history, reflecting strong shareholder returns.
- IT Services revenue showed a year-on-year degrowth of 0.2% for Q4 and 1.6% for the full year FY26.
- Operating margin contracted by 30 basis points sequentially to 17.3% in Q4.
- Americas 2 experienced a decline both sequentially and year-on-year, impacted by client-specific issues and delayed ramp-ups.
- The BFSI sector faced challenges with a sequential decline of 1.3% and a year-on-year decline of 0.5%.
- Guidance for Q1 indicates a potential sequential growth of minus 2% to 0%, reflecting ongoing uncertainties.
Ladies and gentlemen, good day, and welcome to Wipro Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded and the duration for today's call will be for 45 minutes.
I now hand the conference over to Mr. Abhishek Jain, Vice President, Corporate Treasurer and Head of Investor Relations. Thank you, and over to you.
Yes, Sashi. Thank you. Warm welcome to our Q4 FY26 earnings call. We'll begin the call with business highlights and overview by Srinivas Pallia, our Chief Executive Officer and Managing Director; followed by updates on financial overview by our CFO, Aparna Iyer. We also have our CHRO, Saurabh Govil; and our Chief Strategist and Technology Officer, Hari Shetty on this call. Afterwards, the operator will open the bridge for Q&A with our management team.
Before Srini starts, let me draw your attention to the fact that during this call, we may make certain forward-looking statements within the meaning of the Private
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