Wipro Reports $2.65B Q4 Revenue, $3.5B Order Book, INR15,000 Crore Buyback
Wipro’s Q4 IT Services revenue rose 0.2% sequentially to $2.65B but fell 0.2% yoy, while operating margin narrowed by 30bps to 17.3%. The company secured $3.5B in orders, including $1.4B from 14 large deals, unveiled a record INR15,000 crore buyback and forecast Q1 revenue flat to down 2%.
1. Q4 Financial Performance
Wipro’s IT Services revenue in Q4 reached $2.65 billion, up 0.2% sequentially but down 0.2% year-on-year in constant currency. Operating margin narrowed by 30 basis points to 17.3%, net income rose 3.7% sequentially to INR35 billion, and EPS stood at INR3.3.
2. Order Book and Strategic Wins
The company secured $3.5 billion in order bookings, a 3.2% sequential increase, including 14 large deals totaling $1.4 billion and a strategic contract exceeding $1 billion with the Olam Group. Wipro also launched an AI-native business and platforms unit to broaden its offerings.
3. Capital Returns and Outlook
Wipro announced its largest-ever INR15,000 crore share buyback at INR250 per share, representing 5.7% of paid-up capital, and distributed $1.3 billion in dividends. Management forecasts Q1 revenue flat to down 2%, citing client-specific delays in key BFSI ramp-ups.