Wipro

Wipro reported a marginal 1.89 per cent decline in consolidated net profit to Rs. 3,501.8 crore for the quarter ended March FY26, compared with Rs. 3,569.6 crore in the same period last year. Despite the drop in profitability, the IT services major recorded a solid 7.6 per cent year-on-year increase in revenue from operations, which rose to Rs. 24,236.3 crore. 

Wipro has announced a ₹15,000 crore share buyback programme, marking its largest-ever repurchase initiative. The move underscores the company’s effort to return surplus cash to shareholders and strengthen earnings per share. While significant, the buyback is smaller than recent large-scale repurchases by peers such as Infosys and TCS. 

Wipro has announced a strategic acquisition of select customer contracts from Alpha Net Consulting in a deal valued at up to USD 70.8 million, or approximately Rs. 590 crore. The transaction is aimed at expanding Wipro’s client base, strengthening its consulting-led services, and accelerating its artificial intelligence-driven offerings. By integrating key contracts, workforce talent, and long-standing client relationships, Wipro seeks to enhance its competitive positioning in global IT services.

Wipro has unveiled a dedicated AI-Native Business and Platforms unit, signaling a strategic pivot toward artificial intelligence-led transformation. The move is accompanied by a significant leadership reshuffle, with long-time executive Nagendra Bandaru appointed as CEO of the new division. He will report to CEO and Managing Director Srini Pallia. Meanwhile, industry veteran Kanwar Singh joins to lead Technology Services Global Business Lines.

Wipro Limited has announced a significant expansion of its operations in South Korea, marked by an enlarged office footprint in Seoul and the launch of a new Innovation Lab. The initiative underscores Wipro’s commitment to strengthening its presence in key global markets while accelerating innovation-led growth. The Seoul lab will focus on emerging technologies across automotive, manufacturing, and industrial sectors, supporting advanced applications such as AI-driven operations and smart manufacturing.

Wipro has introduced a next-generation AI-powered data centre solution aimed at enabling enterprises to transition from experimental artificial intelligence initiatives to full-scale deployment. Developed in collaboration with NVIDIA, the platform integrates advanced AI capabilities into core infrastructure, offering businesses a unified ecosystem for data management, analytics, and customer engagement. 

Wipro has announced the launch of a new technology hub at GIFT City, aimed at delivering advanced AI-driven solutions to global Banking, Financial Services, and Insurance (BFSI) clients. The facility, initially designed to accommodate 150 professionals with scalability up to 500 seats, underscores the company’s strategic focus on digital transformation and financial technology innovation.