Wipro shares jump nearly 5%; what shareholders need to know today

Data show that the Wipro ADR settled 18.54% higher at $2.430 on the New York Stock Exchange (NYSE).

ADRs, or American Depositary Receipts, are financial instruments that allow US investors to buy shares of foreign companies — such as Wipro — on American stock exchanges without directly trading in foreign markets.

In simple terms, ADRs represent shares of a non-US company and trade in US dollars during Wall Street hours, making it easier for global companies to attract international investors.

What led to the sharp rally?

According to market participants and news reports, the ADRs rallied sharply following the company's latest business update.

On May 28, Wipro issued a press release announcing its expanded partnership with ServiceNow to implement and scale the impact of agentic AI workflows across core enterprise functions such as IT, HR, procurement, and cybersecurity.

Under this expanded partnership, Wipro will integrate Wipro Intelligence™, its unified suite of AI-powered platforms, solutions, and transformative offerings, with the ServiceNow AI Platform, enabling organizations to streamline the initiation, orchestration, and execution of work across enterprise systems.

Wipro's ₹15,000 crore share buyback

On Friday, May 22, Wipro announced the record date for its largest-ever buyback worth ₹15,000 crore, according to a regulatory filing.

The company said that it has fixed Friday, June 5, 2026, as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

On April 16, Wipro’s board of directors had approved the proposal to buyback up to 60 crore fully paid-up equity shares of ₹2 each, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore at a price of ₹250 per equity share.

The company’s shareholder gave their approval for the buyback proposal on May 21.

According to the filings, the buyback of shares will be done through the tender offer process, which means that the shares will be repurchased at the determined fixed price.

Wipro Q4 FY26 results

IT major Wipro reported a consolidated net profit of ₹3,501.8 crore for the March quarter FY26, down 1.89% from ₹3,569.6 crore a year ago.

The dip in profit comes against the backdrop of a challenging macroeconomic environment, which Wipro CEO and MD Srini Pallia described during the earnings call as the "new normal" marked by geopolitical and policy disruptions, though he noted that overall IT spending has shown resilience.

Share buyback programme and financial performance

Wipro's board also approved a ₹15,000 crore share repurchase programme, proposing to buy back more than 5% of its equity, or up to 60 crore shares, from shareholders at ₹250 per share.

The Bengaluru-headquartered firm's revenue rose 7.6% to ₹24,236.3 crore in Q4 FY26, as compared to ₹22,504.2 crore in Q4 FY25.

Quarter-on-quarter, Wipro's profit and revenue rose by 12.2% and 2.8%, respectively.

The company's flagship IT Services segment recorded a revenue of $2,651 million in Q4 FY26, marking a sequential uptick of 0.6% and a year-on-year rise of 2.1%.

Outlook and strategic focus

For the quarter ending June 30, 2026, Wipro expects revenue from its IT Services business to be in the range of $2,597-2,651 million. This translates to a sequential guidance of (-) 2.0% to 0% in constant currency terms.

Addressing the muted guidance for the upcoming quarter, Pallia attributed the softness to a specific client issue in the Americas and delayed ramp-ups on a deal. Pallia also noted that Q1 has traditionally been a weaker quarter for Wipro due to seasonality.