Wipro Limited (507685) Earnings Call Transcripts

Wipro Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Wipro Limited reported IT Services revenue of $2.65 billion, reflecting a sequential growth of 0.2% but a year-on-year decline of 2%. The operating margin contracted to 17.3%, down 30 basis points sequentially. For the full fiscal year, IT Services revenue totaled $10.5 billion, a decrease of 1.6% YoY. Management guided for Q1 FY '27 revenue to decline between 2% to 0% sequentially, indicating continued challenges in the BFSI sector and client-specific issues. The announcement of a significant buyback program of INR 15,000 crores could provide support to the stock price.

Reported metrics

Guidance from management

Management expects Q1 FY '27 revenue to decline between 2% to 0% sequentially, reflecting ongoing challenges in client ramp-ups and sector-specific issues.

What management said

Thanks, Sandeep. This is Srini here. Thanks for your question. Let me just talk about the quarter 4 performance in the context of the 4 SMUs we had. Three out of the 4 SMUs, Americas, well, Europe and APMEA have grown sequentially. Having said that, specifically Americas 2, we saw significant softness. And this is specific to the BFSI sector there. This has been a combination of both client-specific issue and delayed...

So these 2 deals that we've announced in this month, Sandeep, are a part of our guidance. At the midpoint, we've assumed both these deals to start yielding revenues for 1.5 months, halfway through the quarter. To your point on the top count growth, it's a sequential decline. But from a year-on-year standpoint, it continues to have grown. And we are very confident that it will continue to come back as we go through th...

What analysts pressed on

Analysts expressed concerns about the persistent client-specific issues impacting revenue, particularly in the BFSI sector. There were also questions regarding the sustainability of margins given the recent wage hikes and integration costs from acquisitions.

Main topics on the call

• Revenue Performance — Wipro's Q4 IT Services revenue was $2.65 billion, with a sequential growth of 0.2% but a year-on-year decline of 2%. Management noted, 'Our IT Services revenue for quarter 4 was $2.65 billion, reflecting a sequential gro...
• Operating Margin Trends — The operating margin for Q4 was reported at 17.3%, a contraction of 30 basis points sequentially. This was attributed to wage increases and integration costs from the HARMAN acquisition, with management stating, 'We main...
• Client-Specific Issues — Management highlighted ongoing client-specific issues, particularly in the BFSI sector, which contributed to revenue declines. CEO Srinivas Pallia mentioned, 'This has been a combination of both client-specific issue and...
• Buyback Announcement — Wipro announced a buyback of INR 15,000 crores, the largest in its history, which is expected to support shareholder value. CFO Aparna Iyer stated, 'The Board of Directors have announced and approved a buyback of INR 15,...

Read the full Wipro Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 39 Wipro Limited earnings call transcripts on record, spanning January 14, 2020 to July 16, 2026. Based on this history, Wipro Limited reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

507685

Exchange

BSE

Country

IN

Sector

Information Technology

Industry

IT Services

Calls on record

39

First call

January 14, 2020

Most recent

July 16, 2026

Reporting cadence

quarterly