Wipro (WIT) Expects a Weak Q1 2027, Notes Reuters

4 weeks ago 16

Bob Karr

Fri, April 24, 2026 astatine 11:44 AM CDT 1 min read

Wipro Limited (NYSE:WIT) is 1 of the Best Indian Stocks to Buy According to Hedge Funds. On April 16, Reuters noted that Wipro Limited (NYSE:WIT) expects a anemic Q1 2027 due to the fact that of muted demand. The company’s US banking and fiscal clients decided to curb spending amidst an ‌uncertain economical environment. Furthermore, the institution released its Q4 2026 results, with consolidated gross rising 7.7% YoY to INR 242.36 billion, falling abbreviated of the LSEG-compiled estimates of INR 243.63 billion.

Wipro (WIT) Expects a Weak Q1 2027, Notes Reuters

Also, the company’s ⁠net nett declined 1.9% to INR 35.02 billion, marginally beneath the estimation of INR 35.07 billion. However, Wipro Limited (NYSE:WIT) announced a grounds stock buyback of up to INR 150 cardinal ($1.61 billion). The institution expects Q1 2027 gross of $2.60 cardinal – $2.65 billion, reflecting a 2% sequential diminution to flat growth. Reuters, portion quoting Jefferies, highlighted that the Q1 2027 forecast was a disappointment, portion the buyback size surpassed expectations.

Wipro Limited (NYSE:WIT) operates arsenic an IT, consulting, and concern process services company.

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