Wipro reported a 1.9% decrease in net profit to ₹3,502 crore for the fourth quarter of FY26, despite a 7.7% increase in revenue to ₹24,236 crore. On a sequential basis, profit rose by 12.3%, but revenue fell short of analyst expectations. The company's chief executive officer, Srini Palia, attributed the decline in IT services revenue to geopolitical uncertainties and client-specific issues that hindered large deal ramp-ups. Wipro has now faced annual revenue de-growth for three consecutive years, both in reported and constant currency terms. Looking ahead, Wipro's guidance for Q1 FY27 is bleak, projecting a potential decline of 2% or flat revenue, raising concerns among analysts regarding the company's growth trajectory. Notably, large deal bookings surged by 45.4% to $7.8 billion, although these deals often take time to materialize and can lead to increased competition and margin pressures. The banking, financial services, and insurance (BFSI) sector saw a 0.5% year-on-year revenue decline, reflecting a cautious spending environment, particularly in the US. Wipro's margins dipped to 17.3%, impacted by salary hikes and previous acquisitions. Despite a low attrition rate of 13.8%, the company remains cautious about hiring due to market volatility.