# Wipro shares fell after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore.

*business · news · 2026-04-17 · The Economic Times*

## Key points

- Wipro approved a ₹15,000 crore buyback despite reporting a 2% YoY decline in Q4 profit.
- Core IT services revenue grew only 0.6% QoQ and 2.1% YoY, indicating weak demand.
- Morgan Stanley and Goldman Sachs cut Wipro's target price citing continued revenue declines forecast into FY27.
- Deal bookings dropped 13% YoY in Q4, with large deal wins down 18% YoY.

**Companies:** Wipro, Morgan Stanley, Goldman Sachs, Nomura
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/wipro-shares-plunge-4-after-q4-results-what-are-goldman-sachs-morgan-stanley-2-other-brokerages-saying/articleshow/130322318.cms)

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