• SMU performance: Three of four strategic market units grew sequentially for three consecutive quarters, while Americas 2 degrew due to a client-specific issue that will extend into Q1 before concluding.
• Operating margin dynamics: Q4 margins contracted by 30 basis points quarter-on-quarter due to wage hikes and acquisition integration costs, partially offset by a 50 basis point gain from rupee depreciation.
• Share buyback: Wipro announced a ₹15,000 crore buyback, maximizing the statutory 25% paid-up capital limit after three years, while maintaining balance-sheet liquidity for acquisitions and internal tech investments.
• Hiring outlook: Following the addition of 7,500 freshers last year, the company refrained from giving FY27 hiring targets, noting that additions will be strictly demand-driven amid lower attrition and available utilization headroom.
• Deal pipeline: Management highlighted a robust, secular pipeline across markets and industries, supported by recent large contract wins such as a strategic deal with Olam valued at nearly $1 billion.