Wipro has provided its Q1FY27 guidance for the quarter ending June 30, 2026.
The company expects revenue from its IT Services segment to be in the range of $2,597 million to $2,651 million for Q1FY27.
The company has guided for sequential growth of (-2.0% to 0%) in constant currency terms, indicating a possible decline or flat performance compared to the previous quarter.
The guidance reflects the company’s current visibility for the quarter and does not include any additional assumptions beyond stated estimates.
Wipro Q4 Results FY26
Wipro Limited reported a mixed set of numbers for the quarter ended March 31, 2026, reflecting subdued underlying demand even as headline revenue and profit showed sequential improvement.
The company posted IT services constant currency revenue growth of just 0.2% quarter-on-quarter, falling short of market expectations of 0.4–0.5%. The miss indicates continued softness in client spending and slower deal ramp-ups during the quarter.
In reported terms, gross revenue came in at ₹24,236 crore, marking a 2.9% sequential increase. Revenue in dollar terms stood at $2.58 billion, while IT services segment revenue was reported at $2.65 billion, up 0.6% QoQ.
Profitability remained largely stable but showed slight pressure. IT services operating margin came in at 17.3%, down from 17.6% in the previous quarter, broadly in line with expectations of a marginal contraction.
Net profit for the quarter stood at ₹3,521.6 crore, rising 12.0% sequentially from ₹3,145.0 crore in Q3FY26. However, on a year-on-year basis, profit declined 1.9%, indicating continued pressure on earnings despite the quarterly uptick.
Adjusted net income, excluding the impact of labour code changes, rose 3.7% QoQ, suggesting a more moderate improvement in core profitability. Earnings per share (EPS) stood at ₹3.34, up 12.1% sequentially, while adjusted EPS came in at ₹3.33, increasing 3.7% QoQ.
On the demand front, total bookings stood at $3.45 billion, rising 3.2% QoQ in constant currency. Large deal bookings came in at $1.44 billion, registering a sharp 65.1% sequential growth, indicating strong deal momentum during the quarter.
Operating cash flow for the quarter was ₹3,173 crore, representing 90.1% of net income, reflecting healthy cash conversion. However, operating cash flow declined 15.3% year-on-year.
Employee metrics remained stable, with voluntary attrition at 13.8% on a trailing twelve-month basis.
For the full financial year FY26, Wipro reported gross revenue of ₹92,624 crore, up 4.0% YoY, while net profit stood at ₹13,200 crore, reflecting a modest growth of 0.5%. IT services margin for the year was 17.2%, expanding 0.2 percentage points YoY.
Looking ahead, the company guided IT services revenue in the range of $2.60–2.65 billion for Q1FY27, implying a sequential growth outlook of -2.0% to 0% in constant currency terms. This guidance signals continued near-term demand softness.
On capital allocation, the board approved a buyback of ₹15,000 crore at a price of ₹250 per share, subject to shareholder approval. The company also confirmed that the interim dividend declared during FY26 will be treated as the final dividend for the year.