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Wipro Ltd. is set to announce its Q4FY26 financial results on April 17, following a period of anticipation regarding its revenue growth and strategic financial moves. Market analysts are keenly observing whether the company’s performance will align with its earlier projections for the IT services segment revenue, which was estimated to be between $2,635 million and $2,688 million, reflecting a constant currency growth outlook of 0% to -2%.
Brokerage firms like Nomura have provided insights, expecting a sequential revenue growth of 0.8% quarter-on-quarter in constant currency. They also anticipate Wipro’s guidance for Q1 FY27 revenue growth to range between -1% and +1% in constant currency. Nomura forecasts stable adjusted EBIT margins, balancing ramp-up costs from new large deals with currency gains.
Other brokerages, including Centrum and PL Capital, project similar sequential constant currency revenue growth of 0.6% and 0.8%, respectively, attributing this to successful deal wins and ramp-ups. However, margin contraction is anticipated in the current quarter by PL Capital and Motilal Oswal Financial Services, primarily due to the residual impact of the $375 million acquisition of Harman Digital Transformation Services, as well as wage hikes.
A notable development for Wipro is the eight-year transformation deal secured with Singapore’s Olam Group, valued at over $1 billion, with a committed spend of $800 million. As part of this agreement, Wipro will acquire Mindsprint, Olam Group’s IT services arm, for $375 million, with the acquisition expected to finalize in Q1FY27. Emkay Research suggests that Mindsprint could contribute approximately 1.3% to Wipro’s revenue.
The market is also focused on Wipro’s proposed share buyback, following a previous buyback in 2023 where the company repurchased 269.6 million equity shares for ₹120 billion at ₹445 per share. The details of this new buyback are eagerly awaited by investors and market watchers alike.
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