Wipro Ltd, headquartered in Bengaluru, announced its largest-ever share buyback of ₹15,000 crore (approximately $1.8 billion USD) on Thursday, despite reporting a 0.32% year-on-year revenue decline for fiscal year 2026 (FY26). The buyback will involve the repurchase of 600 million shares at ₹250 each, a 19% premium over the closing price of ₹210.2 on the announcement day. This decision comes as Wipro faces challenges, including a weak revenue outlook for fiscal year 2027 (FY27), where it expects revenues between $2.6 billion and $2.65 billion, indicating a potential sequential decline of up to 2%. Wipro's CFO, Aparna Iyer, stated that the company is returning excess cash while ensuring enough liquidity for mergers and acquisitions. Despite a strong deal pipeline, analysts like Amit Chandra from HDFC Securities caution that growth concerns could dampen investor sentiment. Wipro's shares fell 4.6% to $2.17 on the New York Stock Exchange following the announcement. The company also noted a decline in client additions, with only 30 new clients added in the January-March 2026 quarter, the lowest since September 2024. While Wipro's operating margins improved to 17.2%, the broader macroeconomic challenges and a slowdown in client growth continue to pose significant hurdles.