Wipro's weak first-quarter forecast overshadows record buyback - Reuters

<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxPdktiY2psbGhhV2NLSkhmdFVxaVE4eWdXanlmeDk2bTVGN0Eyd3BQbFNOWEIzNkFvWDRmRkgyVjU5a0Z1M3djeGRlbm9pODZoWVRYNFJ0OFlleUlfSU5kVElvZlBSVGpMN2ZCdkhoMEh0MHRqZjBfbkZTcnVaeGdRcERVUWFncURDOTRaMVVxZG5EakVoYm50dktZSQ?oc=5" target="_blank">Wipro's weak first-quarter forecast overshadows record buyback</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Wipro announced a record share buyback of up to 150 billion rupees ($1.61 billion) after reporting a slight quarterly revenue miss, as clients held back tech spending in energy and banking sectors while business from key customer Estee Lauder slowed.

Wipro reported a 12.3% sequential rise in net profit to Rs 3,502 crore for the fourth quarter, despite revenue falling short of analyst expectations. The company also announced a share buyback program worth ₹15,000 crore at ₹250 per share, subject to shareholder approval.

Wipro is expected to report steady revenue growth but weaker profitability in the March quarter, impacted by wage hikes, acquisition-related costs, and subdued discretionary spending. Investors will closely track margins, deal pipeline, and AI outlook.

Wipro Ltd reported fourth-quarter results that fell short of revenue expectations, with shares slipping 1.76% in pre-market trading following the announcement. The company also announced a share buyback program worth ₹15,000 crore at ₹250 per share, subject to shareholder approval.

Wipro reported its financial results for the quarter and year ended March 31, 2026, highlighting steady revenue growth, strong deal wins, and a major capital return announcement. The company also approved a ₹15,000 crore share buyback, subject to shareholder approval.