Wipro reported a muted Q4FY26 performance, reflecting ongoing macro uncertainty and client-specific execution delays. IT services revenue stood at USD 2.65bn, up by 0.2% QoQ, indicating weak demand conversion despite a resilient pipeline. EBIT margin declined 30 bps QoQ to 17.3% (IT Services), impacted by wage hikes, deal ramp costs, and investments in AI-led capabilities, though FY26 margins improved marginally on YoY basis. Deal wins remained healthy at USD 3.5bn with 14 large deals (USD 1.4bn), but delayed ramp-ups especially in Americas 2 BFSI which continue to weigh on near-term growth. Management...