Key facts: Wipro OKs ₹15,000cr buyback; Q4 barely up, deals grow
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Wipro's board has approved a ₹15,000 crore buyback at ₹250 per share, pending shareholder and regulatory approvals. The stock is currently around ₹210, up 8% this month. Q4 revenue rose 0.2% QoQ, below forecasts, with organic revenue declining. The company reported deal momentum, including a $1 billion contract with Olam and a new AI Native Business unit, but larger bookings have not boosted near-term revenue. Q1 deal wins totaled $3.5 billion, up from the previous quarter but below last year's figures.
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