Wipro reported a mixed set of Q4FY26 results, with profit showing improvement while revenue growth remained muted.
The company also indicated a cautious approach towards hiring, reflecting ongoing shifts in demand and the increasing influence of artificial intelligence on the IT services landscape.
The company posted a sequential increase in net profit to ₹3,502 crore, up 12.3% from the previous quarter.
However, revenue growth lagged expectations, with consolidated revenue rising 2.9% quarter-on-quarter to ₹24,236 crore.
IT services revenue stood at $2.58 billion, reflecting modest growth but falling short of market estimates. Constant currency growth remained largely flat on a sequential basis, indicating limited near-term demand acceleration.
Unlike previous years, Wipro has not set a defined fresher hiring target for FY27. Management indicated that hiring decisions will be demand-driven and depend on business visibility.
“We don't have any target for fresher hiring for next fiscal. It's completely on demand, very volatile environment,” said Saurabh Govil, Chief Human Resource Officer, as per news reports.
The company added that hiring plans will be revisited as demand conditions improve.
Despite weak revenue conversion, Wipro saw stable booking momentum during the quarter. Total bookings stood at $3.46 billion, while large deal bookings rose sharply on a sequential basis.
The surge in large deals suggests continued client interest in transformation-led engagements, even as execution cycles remain elongated.
Operating margin for the IT services business came in at 17.3%, showing a slight sequential decline. Meanwhile, utilisation levels improved marginally, indicating better workforce deployment efficiency.
Attrition moderated during the quarter, suggesting relatively stable employee retention conditions.
Wipro’s total workforce increased only marginally during the quarter, taking overall headcount to over 2.42 lakh employees.
The modest addition came despite the integration of employees from a recent acquisition, highlighting the company’s cautious approach towards workforce expansion.
Read More: Wipro FY26 Results: Revenue at ₹926.2 Billion, Net Profit at ₹132 Billion; ₹150 Billion Buyback Announced!
As of 16 April 2026, at 3:30 PM, Wipro share price is closed ₹210.19 per share, reflecting a surge of 0.19% from the previous closing price.
Wipro’s Q4 performance reflects steady deal activity but continued pressure on revenue growth, while its flexible hiring stance signals a shift towards demand-led workforce planning in an AI-driven environment.
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Published on: Apr 17, 2026, 9:10 AM IST
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