Wipro has reported a 12% year-on-year increase in consolidated net profit, reaching ₹3,521.6 crore for the fourth quarter of FY26, with revenues from operations rising 2.9% to ₹24,236.3 crore. However, compared to the same quarter last year, net profit declined 1.9% while revenue increased by 7.7%. The company's profit before tax (PBT) was ₹4,667.6 crore, marking a 12.9% increase quarter-on-quarter but a 1.6% decrease year-on-year. In dollar terms, gross revenue for Q4 FY26 was $2,583 million, down 1.5% QoQ and 1.9% YoY. Wipro's IT services segment saw revenue of $2,651 million, reflecting a 0.6% growth QoQ and 2.1% YoY. The company has also approved a buyback of up to 60 crore equity shares, representing 5.7% of its total paid-up capital, at a price of ₹250 per share, totaling ₹15,000 crore. This buyback price is a 19.2% premium over the previous closing price. CEO Srini Pallia emphasized the company's shift towards an AI-first approach, aiming to leverage advancements in artificial intelligence to enhance client partnerships and deliver value.