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Business Wire India

• Unlike traditional competitions limited to indoor or scripted tasks, ATEC2026 evaluates whether robots can autonomously complete long-horizon, continuous complex tasks in open, dynamic, and unstructured real-world environments.
• Focuses on three core capabilities—Locomotion, Manipulation, and Environment Modification—to build a public verification framework for general-purpose intelligence.

 

The ATEC2026 – AI and Robotics Real-World Extreme Challenge officially launched today.

 

Organized by the Advanced Technology Exploration Community (ATEC), The Chinese University of Hong Kong, and Shanghai Innovation Institute, this year’s competition aims to establish a “Turing Test” framework for embodied AI, pushing robots beyond the safety of controlled laboratories to demonstrate stability and intelligence in open, dynamic, and unstructured environments.

 

 

Registration is now open on the official website, inviting teams from universities, research institutions, technology companies, and independent groups worldwide to validate their innovations on arm-equipped legged robots against the unpredictability of the real world.

 

 

Defining the “Turing Test” for Robots

 

 

While many robotics competitions focus on isolated demonstrations or specific indoor scenarios, ATEC2026 is designed to answer a critical question: Can robots truly leave the laboratory and function reliably in our complex world? The competition serves as a public verification framework for embodied intelligence, moving from “demonstration feasibility” to “application reliability.”

 

 

To achieve this, ATEC2026 revolves around three core capabilities of robots: locomotion, manipulation, and environment modification. By integrating movement, operation, and environmental interaction into a unified evaluation chain, ATEC2026 tests the robot’s ability to autonomously complete long-horizon, continuous complex tasks in open, dynamic, and unstructured real-world environments. This approach ensures that the competition evaluates the true “intelligence” of the system—its ability to handle uncertainty and adapt to physical disturbances without human intervention.

 

 

A Rigorous Path from Simulation to Reality

 

 

The competition follows a comprehensive “Online Simulation → Real-World Transfer → Real-World Validation” framework, ensuring that successful algorithms are robust enough for physical deployment.

 

 

Registration for ATEC2026 opened on April 1 and will remain open until May 30, 2026, inviting global participation. Following registration, the competition officially begins with an Online Qualifier running from May 1 to June 30, 2026. This initial stage is designed to establish a clear and reproducible pathway from simulation-based validation to real-world application. It features two distinct tracks focusing on Robot Hiking (legged locomotion) and Table Clean-up (tabletop manipulation) within a simulated environment.

 

 

The top-performing teams from the online stage will then advance to the Real-World Preliminary rounds. These physical events will be held across three regions: Pittsburgh (September), Shanghai (October), and Hong Kong (November). These regional challenges will rigorously test the “sim-to-real” transfer capability, requiring robots to execute long-distance locomotion, target detection, grasping, and precise placement in a single, continuous run.

 

 

The journey culminates in the Grand Final in Hong Kong in December 2026. Set in open outdoor environments—featuring natural terrain, stairs, and unstructured obstacles—robots must complete multi-stage objectives within a single continuous run. This final stage serves as the ultimate test, demanding sustained consistency in perception, decision-making, and execution over long-horizon workflows.

 

 

Awards and Global Expertise

 

 

ATEC2026 offers significant incentives to drive technical breakthroughs. The Online Qualifier features a prize pool of $40,000 USD, while the Real-World Preliminary events offer awards valued up to $150,000 USD. The Champion of the Grand Final will exclusively win a $150,000 USD prize pool. Additionally, compute resource vouchers and travel allowances are available for eligible teams.

 

 

The competition is guided by a panel of world-renowned experts to ensure technical rigor. The panel is chaired by Prof. Yunhui Liu of The Chinese University of Hong Kong and advised by Prof. Masayoshi Tomizuka of UC Berkeley. The expert committee includes leading academics and researchers from institutions such as Tsinghua University, The University of Hong Kong, Nanyang Technological University, University of Victoria, University of South Florida, and Ant Group.

 

 

The competition is co-organized by a broad consortium of world-renowned academic and industry institutions, such as Tsinghua University, Peking University, Fudan University, The Hong Kong University of Science and Technology, and Ant Group, with participation and cooperation from leading enterprises across the embodied intelligence industry chain, such as LimX Dynamics, DISCOVER Robotics, and AgileX Robotics.

 

 

Since 2020, the ATEC has been successfully held five times, attracting nearly 5,000 teams from over 200 universities worldwide.

 

 

Registration Information

 

 

• Registration Period: 10:00, April 1 – 22:00, May 30, 2026 (UTC+8)
• Online Competition Period: 10:00, May 1 – 22:00, June 30, 2026 (UTC+8)
• Official Website: https://www.atecup.com/competitions/ATEC2026
• Scope of Robot Selection: Arm-equipped Legged Robots, including but not limited to:

 

• Humanoid robots (Bipedal with arms)
• Quadrupeds with manipulators
• Wheeled-legged platforms with arms

 

About ATEC

 

ATEC (Advanced Technology Exploration Community) focuses on practical development of cutting-edge technologies in the computer science field. The community is dedicated to building an industry-academia-research collaboration platform for next-generation intelligent technologies. It promotes applied research on innovative technologies, supports the cultivation of application-oriented technical talent, and fosters a positive and enterprising culture among programmers and engineers. ATEC Community is founded by Tsinghua University, The Chinese University of Hong Kong, Zhejiang University, Xi’an Jiaotong University, Shanghai Jiao Tong University and Ant Group.

 

 

 

 

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Business Wire India

Orthogon Therapeutics today announced the closing of a follow-on $11 million financing, bringing its total capital raised to $36 million. This financing supports the continued advancement of its first-in-class drug against BK polyomavirus. BK virus infections are a major cause of complications in transplant patients, with no approved treatments.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260417911548/en/

 

 

 

The company is pioneering an oral therapy that addresses the full spectrum of BK infection, from early reactivation through systemic spread and onset of severe disease. By targeting viral proteins previously considered inaccessible to small molecule drugs, Orthogon is advancing a solution where other therapeutic modalities have fallen short.

 

Orthogon’s lead asset uniquely targets the viral capsid protein (VP1), delivering potent antiviral effect at the site of viral replication. The intracellular activity leads to sustained control of viral infection across BK variants and related human polyomaviruses, particularly in transplant patients, where viral persistence drives disease.

 

 

“This is not a conventional antiviral setting. We built this program to meet the realities of transplant care,” said Ali H. Munawar, Ph.D., CEO of Orthogon Therapeutics. “These patients are treated within a narrow balance of immunosuppression, organ function, and high pill burden. We designed around those constraints, arriving at a candidate profile that we’re excited to take into development.”

 

 

In parallel, Orthogon has published findings examining hundreds of patient-derived BK virus sequences, showing that the virus carries pre-existing diversity at antibody-binding regions and that it replicates beyond the reach of circulating antibodies. These studies explain the limited clinical benefit observed with neutralizing antibodies, challenges that Orthogon’s drug is designed to overcome.

 

 

The program draws on Orthogon’s portfolio of novel small molecules directed at each of the two viral proteins: the VP1 capsid and large T antigen (LTAg), a capability that has eluded the field for decades. The program will be featured at leading transplant and virology meetings in 2026, building on findings presented at the ASN in 2025.

 

 

Alongside its core focus on polyomaviruses, Orthogon is advancing programs in additional areas of unmet need in transplant-associated infections.

 

 

About BK and polyomaviruses:

 

 

BK virus (BKV) is among the most widespread chronic viral infections in humans. A member of the polyomavirus family, BKV establishes a lifelong infection in 80–90% of healthy adults worldwide. Reactivation occurs in the kidneys of nearly half of all solid organ and stem cell transplant recipients, leading to severe complications and graft loss. Other human polyomaviruses, including JC virus and Merkel cell polyomavirus, cause fatal progressive multifocal leukoencephalopathy (PML) and aggressive Merkel cell carcinoma, respectively.

 

 

About Orthogon Therapeutics:

 

 

Orthogon is a polyomavirus-focused biotech built on a proprietary discovery platform that fuses structure-based drug design with deep biophysical interrogation of viral proteins, unlocking targets long considered undruggable. The company is headquartered in Greater Boston with a research branch in Leuven, Belgium. To learn more visit www.orthogontherapeutics.com

 

 

Orthogon Therapeutics LLC is an independent, privately held research & development (R&D) company affiliated with the Pledge Therapeutics discovery engine. More info on www.pledge-tx.com

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260417911548/en/

 

Business Wire India

Zoya, India’s leading luxury jewellery brand and a landmark of quiet luxury, unveils its 13th boutique in India and its second in Bengaluru, with Amanpreet Ahluwalia, Business Head of Zoya from the Tata Group, leading the unveiling. Set within the Colonnade at The Leela Palace, the boutique redefines the experience as intimate, warm, and deeply meaningful. Unfolding like a poem, the boutique draws the unapologetically herself Zoya muse in, revealing itself slowly as she moves through the space, discovering stories expressed through soulful craft and exquisite jewellery.

 

Zoya means alive—and at the heart of the brand is the belief that every woman is on her own heroine’s journey. At the threshold, she is greeted by an enigmatic mural that captures this defining evolution. Zoya’s intricate yet minimal boutique becomes a space of her own, wrapped in hand-beaded wallpaper—a quiet expression of India’s artisanal pride and legacy. Lit by a handcrafted chandelier in banana fibre paper and organza, this gallery of wearable art gently invites her into her feminine journey. As she moves through the boutique, a quiet sense of belonging deepens.

 

The space is thoughtfully crafted to bring meaningful collections to life, softly revealing the stories each piece holds. In this gentle unfolding, a sense of boundlessness stirs within her. As she gazes at the Beyond collection—an inlay of diamonds and emerald-cut emeralds that move like the Indus River—it reminds her that she is a force of nature. At the Alive collection, she feels like a wildflower—wherever she stands, she blooms.

 

The bespoke wall draws her in, where gemstones and stories come together—each one-of-a-kind piece an ode to her uniqueness.

 

She steps into a more cocooned space, where the Zoya experience deepens. With a cup of freshly brewed coffee and delectable hors d’oeuvres in hand, she lingers, held in a moment of quiet indulgence, immersed in stories expressed through each collection in a space that feels like a quiet oasis.

 

Commenting on the boutique, Amanpreet Ahluwalia, Business Head of Zoya from the Tata Group, said, “Our thirteenth boutique in India and our second in Bengaluru – and with each one, Zoya grows into a deeper expression of herself. At The Leela Palace, the space unfolds like a gallery of wearable art – where each piece is meant to be seen, felt, and experienced. The boutique is intentionally immersive and deeply personal, shaped by an instinctive warmth. We hope every woman who walks in finds her own pause here-a moment to slow down and return to herself.”

 

The Zoya Boutique is now open at The Leela Palace, Bengaluru.

Business Wire India

The new Sisvel Point of Sale (POS) patent pool, announced on 1 April, has added three new licensors in the last two weeks. BlackBerry, JVCKENWOOD and SK Telecom have joined founding licensors Huawei, LG Electronics and Nokia in making their patents available for license through the programme.

 

Sisvel POS covers 2G, 3G, 4G and 5G technologies. It is the first joint licensing programme to address point of sale devices – a category of product that has leveraged cellular connectivity to transform customer payment processing.

 

 

Participating patent owners make their relevant standards essential patents (SEPs) available on FRAND terms, simplifying access to essential IP rights for POS device makers. Early participation incentives for licensors are available until mid-May. Parties interested in joining the pool are encouraged to contact Sisvel as soon as possible.

 

 

“BlackBerry, JVCKENWOOD and SK Telecom are first-rate cellular innovators. I am pleased they have chosen to become part of Sisvel POS,” says programme manager Sven Törringer. “Since announcing the pool just over two weeks ago we have received a tremendous volume of interest from the market. We are confident of welcoming additional patent owners into the programme, so watch this space.”

 

 

About Sisvel

 

 

Sisvel is driven by a belief in the importance of collaboration, ingenuity and efficiency to bridge the needs of patent owners and those who wish to access their technologies. In a complex and constantly evolving marketplace, our guiding principle is to create a level playing field through the development and implementation of flexible, accessible, commercialisation solutions.

 

 

Sisvel | We Power Innovation

 

 

 

 

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Business Wire India

Chemelex, a global leader in electric thermal and sensing solutions, announced today that it has made a minority investment in Algo8, an industrial artificial intelligence (AI) company, to accelerate the use of AI in manufacturing.

 

The investment will support further development of Algo8’s technology while enabling Chemelex to enhance its manufacturing processes and improve productivity, while continuing to deliver high product quality to customers.

 

 

Chemelex Chief Executive Officer David Prystash will join Algo8’s Board of Advisors.

 

 

The partnership is built on existing commercial engagement and underscores Chemelex’s focus on applying advanced technologies to strengthen operational performance and supply reliability across its global manufacturing footprint.

 

 

Algo8 develops Plantbrain, a proprietary AI software that integrates data across industrial systems to generate predictive and prescriptive insights, helping manufacturers optimize operations, reduce downtime, and improve decision-making.

 

 

Chemelex deploys Algo8’s technology across its operations to improve process consistency, increase manufacturing efficiency, enable faster, data-driven decision-making and enhance supply reliability for customers.

 

 

For Algo8, the investment provides capital to accelerate product development and access to Chemelex’s global manufacturing base, supporting broader deployment of its platform in industrial environments.

 

 

“Investing in advanced technologies is central to how we continue to lead in manufacturing excellence,” said David Prystash, CEO of Chemelex. “Algo8’s approach to industrial AI aligns with our commitment to delivering high-quality, reliable products. Integrating these capabilities into our operations will enhance productivity, improve consistency, and strengthen our ability to meet customer demand.”

 

 

Nandan Mishra, CEO and Co-Founder of Algo8, said: “Partnering with Chemelex allows us to accelerate development of our platform and scale its deployment across global manufacturing environments. Together, we aim to deliver measurable performance improvements through AI-driven solutions.”

 

 

About Chemelex

 

 

Chemelex is a global leader in electric thermal and sensing solutions, protecting the world’s critical processes, places and people. With over 50 years of innovation and a commitment to excellence, we develop solutions that ensure safety, reliability, and efficiency in diverse environments – from industrial plants and data centers to people’s homes.

 

 

Chemelex trusted brands include Raychem, Tracer, Pyrotenax, and Nuheat, all enabling the world to move forward with confidence.

 

 

For more information, visit www.chemelex.com.

 

 

About Algo8

 

 

Algo8 is an industrial AI company developing software platforms for manufacturing and industrial environments. Its technology integrates data across systems to deliver predictive and prescriptive insights that improve efficiency, productivity, and operational performance.

 

 

The company operates across North America, Europe, the Middle East, and Asia.

 

 

For more information, visit www.algo8.ai.

 

 

 

 

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Business Wire India

 

Company Expects to Emerge from Prepackaged Chapter 11 in Coming Weeks With Significantly Deleveraged Balance Sheet Including Approximately $3.8 Billion Reduction in Outstanding Funded Debt

 

Significant New Money Investment Will Establish Strong Liquidity Position to Support Long-Term Growth and Investment

 

Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) has confirmed the Company’s prepackaged plan of reorganization (the “Plan”). MCC expects to emerge from prepackaged Chapter 11 in the coming weeks.

 

Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company’s balance sheet and recapitalizes the business. The restructuring reduces net debt by approximately $3.8 billion, reduces annualized cash interest expense by more than $330 million, and extends long‑term debt maturities to 2033. In addition, MCC will receive a significant $889 million investment from CD&R and a group of MCC’s existing secured lenders. Post-emergence, the Company expects to have more than $500 million of available liquidity to support long-term growth and investment.

 

 

“Today’s confirmation marks the near-completion of our financial restructuring process, positioning MCC to emerge as an even more resilient company,” said Hassan Rmaile, President & Chief Executive Officer of MCC. “With the support of our financial stakeholders, MCC will emerge with a significantly deleveraged balance sheet and liquidity available to support our go-forward operations, invest in innovation, and continue delivering the high-quality label solutions that our customers depend on. I am grateful to our teammates, customers, and suppliers for their steadfast commitment and support throughout this process, and we look forward to the opportunities ahead.”

 

 

Plan confirmation follows a successful mediation and global settlement among every major constituency in MCC’s prepackaged Chapter 11 cases, with more than 99% of voting stakeholders accepting MCC’s prepackaged Chapter 11 plan. This global settlement is in addition to the support previously obtained through the restructuring support agreement entered into prior to the commencement of MCC’s prepackaged Chapter 11 cases in January 2026.

 

 

With court approval in hand, MCC expects to receive the proceeds from the significant new common and preferred equity investment and complete its financial restructuring in the coming weeks.

 

 

For more information on MCC’s restructuring, including access to Court documents, please visit www.veritaglobal.net/MCC. Stakeholders with questions can contact Verita, the Company’s claims and noticing agent, at (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submit an inquiry to www.veritaglobal.net/MCC/inquiry. Additional information is also available at MCCForward.com.

 

 

Advisors
Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore Group LLC is serving as investment banker, AlixPartners LLP is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan LLP is serving as special counsel to the Special Committee of LABL, Inc.’s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as its financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors.

 

 

About MCC
Multi-Color Corporation (MCC) is a global leader in prime label solutions, providing innovative and sustainable solutions to some of the world’s most recognizable brands across a broad range of consumer-oriented end categories. MCC is committed to delivering the world’s best label solutions for their customers to build their brands and add value to the communities in which they operate.

 

 

Forward-Looking Statements
This press release contains certain forward-looking statements with respect to the financial condition, results of operations and business of MCC and its subsidiaries and certain plans and objectives with respect thereto. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as “anticipate”, “target”, “expect”, “enable”, “estimate”, “intend”, “plan”, “goal”, “believe”, “hope”, “aims”, “continue”, “will”, “may”, “should”, “would”, “could”, or other words of similar meaning. These statements are based on assumptions and assessments made by the Company and its perception of historical trends, current conditions, future developments and other factors. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this document could cause actual results and developments to differ materially from those expressed in or implied by such forward looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this document. The Company does not assume any obligation to update or correct the information contained in this document (whether as a result of new information, future events or otherwise), except as may be required by applicable law. There are several factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements.

 

 

Among the factors that could cause actual results to differ materially from those described in the forward‑looking statements are changes in the global, political, economic, business, competitive, market, supply chain, and regulatory forces, future exchange and interest rates, changes in tax rates and any future business combinations or dispositions, uncertainties and costs related to the RSA and the Chapter 11 process, including, among others, potential adverse effects of the Chapter 11 process on the Company’s liquidity and results of operations, including with respect to its relationships with its customers, distribution partners, suppliers, and other third parties; employee attrition and the Company’s ability to retain senior management and other key personnel due to the distractions and uncertainties inherent in the Chapter 11 process; the impact of any cost reduction initiatives; any other legal or regulatory proceedings; the Company’s ability to obtain operating capital, including complying with the restrictions imposed by the terms and conditions of any debtor-in-possession financing, such as the financing mentioned herein; the length of time that the Company will operate under Chapter 11 protection; the timing of any emergence from the Chapter 11 process; and the risk that any plan of reorganization resulting therefrom may not be implemented at all. Please see the Joint Prepackaged Plan of Reorganization of MultiColor Corporation and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 17] and the Disclosure Statement Relating to the Joint Prepackaged Plan of Reorganization of MultiColor Corporation and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 18], (each as may be amended, modified or supplemented) for additional considerations and risk factors associated with the company’s Chapter 11 process. Nothing in this press release is intended as a profit forecast or estimate for any period and no statement in this press release should be interpreted to mean that the financial performance for the Company for the current or future financial years would necessarily match or exceed its historical results. Further, this press release is not intended to and does not constitute and should not be construed as, considered a part of, or relied on in connection with any information or offering memorandum, security purchase agreement, or offer, invitation or recommendation to underwrite, buy, subscribe for, otherwise acquire, or sell any securities or other financial instruments or interests or any other transaction.

 

 

 

 

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Business Wire India

Andersen Consulting expands its digital transformation platform through a Collaboration Agreement with Nuvolar, a technology consultancy specializing in cloud-based software development and advanced Salesforce implementations.

 

Nuvolar, founded in 2008 and headquartered in Spain, provides end-to-end digital product development with deep expertise in Salesforce, custom web and mobile applications, full-stack development, UX/UI design, product management, and long-term support services. With more than 110 professionals across Barcelona, Madrid, Miami, and Mexico City, the firm works with clients in the aviation, healthcare, consumer goods, pharmaceutical, and hospitality industries to design and deploy scalable, business-critical platforms that optimize operations and accelerate digital transformation.

 

 

“Collaborating with Andersen Consulting allows us to deliver our expertise at a greater scale,” said Marc Vivas, CEO of Nuvolar. “As an engineering-minded firm, we look forward to working together to provide clients with innovative, reliable, and user-centric digital solutions that support sustainable growth and long-term digital maturity.”

 

 

“Nuvolar enhances our platform with specialized engineering expertise and deep experience in cloud-native development,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Their ability to build secure, scalable, and high-performance applications meaningfully expands how we support clients pursuing more sophisticated enterprise-system solutions.”

 

 

Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, AI transformation, and human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership that provides consulting solutions through its member and collaborating firms worldwide.

 

 

 

 

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Business Wire India

Adjusted net income grew 3.7% QoQ in Q4’26 and grew 2.2% YoY for FY’26

 

FY’26 margin at 17.2%, expands 0.2%, Q4 margin at 17.3%, contracts 0.2% YoY

 

Operating cash flow at 90.1% of net income for Q4’26 and 112.6% for FY’26

 

Board approves Buy-Back for the value of Rs 150 billion

 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026.

 

Highlights of the Results

 

Results for the Quarter ended March 31, 2026:

 

1. Gross revenue at Rs 242.4 billion ($2,583.0 million¹), an increase of 2.9% QoQ and 7.7% YoY.
2. IT services segment revenue was at $2,651.0 million, increase of 0.6% QoQ and 2.1% YoY.
3. Non-GAAP² constant currency IT Services segment revenue increased 0.2% QoQ and decreased 0.2% YoY.
4. Total bookings³ was at $3,455 million, up by 3.2% QoQ in constant currency². Large deal bookings⁴ was at $1,440 million, increase of 65.1% QoQ in constant currency².
5. IT services operating margin⁵ for Q4’26 was at 17.3%, decrease of 0.3% QoQ and 0.2% YoY.
6. Net income for the quarter was at Rs 35.0 billion ($373.2 million¹), an increase of 12.3% QoQ and decrease of 1.9% YoY.
7. Earnings per share for the quarter at Rs 3.34 ($0.04¹), an increase of 12.1% QoQ and a decrease of 2.1% YoY.
8. Adjusted for impact of labour code changes⁶, Net Income for the quarter was Rs 34.9 billion ($371.5 million¹), an increase of 3.7% QoQ and EPS for the quarter was Rs 3.33 ($0.04¹), increase of 3.7 % QoQ.
9. Operating cash flows of Rs 31.7 billion ($338.2 million¹), decrease of 15.3% YoY and at 90.1% of Net Income for the quarter.
10. Voluntary attrition was at 13.8% on a trailing 12-month basis.

 

Results for the Year ended March 31, 2026:

 

1. Gross revenue reached Rs 926.2 billion ($9.9 billion¹), an increase of 4.0% YoY.
2. IT services segment revenue was at $10,478.1 million, a decrease of 0.3% YoY.
3. Non-GAAP² constant currency IT Services segment revenue decreased 1.6% YoY.
4. Large deal bookings⁴ was at $7.8 billion, up by 45.4% YoY. Total bookings³ was at $16.4 billion, increase of 14.0% YoY.
5. IT services operating margin⁵ for the year was at 17.2%, up by 0.2% YoY.
6. Net income for the year was at Rs 132.0 billion ($1,406.5 million¹), an increase of 0.5% YoY.
7. Earnings per share for the year was at Rs 12.6 ($0.13¹), an increase of 0.3% YoY.
8. Adjusted for impact of labour code changes⁶, Net Income for the year was Rs 134.3 billion ($1430.8 million¹), an increase of 2.2% YoY and EPS for the year was Rs 12.8 ($0.14¹), increase of 2.1 % YoY.
9. Operating cash flows of Rs 149.3 billion ($1,591.3 million¹), decrease of 11.9% YoY and at 112.6% of Net Income for the year.

Outlook for the Quarter ending June 30, 2026

 

We expect revenue from our IT Services business segment to be in the range of $2,597 million to $2,651 million*. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms.

 

*Outlook for the Quarter ending June 30, 2026, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.17, AUD/USD at 0.70, USD/INR at 92.35 and CAD/USD at 0.73

 

Performance for the Quarter and Year ended March 31, 2026

Srini Pallia, CEO and Managing Director, said, “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value‑driven outcomes. To strengthen our position in an AI‑first world, we are pivoting to a services‑as‑a‑software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale.”

 

Aparna Iyer, Chief Financial Officer, said, “We have continued to invest in our clients, capabilities and people and maintained our margins in narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY’26. During the year we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently concluded board meeting, the Board of Directors announced buyback of Rs 15,000 Cr at a price of Rs 250, subject to shareholder approval.”

 

Capital Allocation:

 

The Board of Directors approved the buyback proposal, subject to the approval of shareholders through postal ballot, for purchase by the Company of up to 60,00,00,000 equity shares of Rs 2 each (being 5.7% of total paid-up equity share capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of Rs 250 ($2.66¹) per equity share for an aggregate amount not exceeding Rs 150 billion ($1.6 billion¹), in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013 and rules made thereunder.

 

The interim dividend of Rs 11 declared in FY’26 by the Board at its meetings held on July 17^th, 2025 and January 16^th, 2026, shall be considered as final dividend for the financial year 2025-26.

 

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = Rs 93.83, as published by the Federal Reserve Board of Governors on March 31, 2026. However, the realized exchange rate in our IT Services business segment for the quarter ended March 31, 2026, was US$1= Rs 90.60
2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.
3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.
6. Adjusted for impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new labour code amounting to Rs (-)272 Mn for the three months ended 31^st March, 2026 and Rs 2,756Mn for the year ended 31^st March, 2026, is included in the table title “Reconciliation for Adjusted Net Income and Adjusted EPS” at the end.

 

Highlights of Strategic Deal Wins

 

In the fourth quarter, Wipro continued to win large and strategic deals across industries. Key highlights include:

 

1. A leading US-based health insurance provider has extended its contract with Wipro to support large-scale IT modernization. To help the client address rising medical costs, and provide improved member experience, Wipro will leverage its consulting-led approach and domain expertise to streamline the client’s vendor ecosystem and identify targeted AI-enabled levers across IT operations, contact centers, and core healthcare platforms. Wipro will deploy its Wipro Intelligence^TM platforms like WEGA to enable automation and intelligent execution across IT services and WINGS to drive predictive insights and performance intelligence. The engagement is expected to deliver significant productivity gains, sustained cost optimization, and improved delivery quality and scalability.

 

2. A global technology leader has renewed its relationship with Wipro to transform the IT infrastructure and Digital Workplace Services for one of its acquired companies. Through a long-term managed services engagement, Wipro will transfer responsibilities from several suppliers to a unified delivery model and integrate the client’s IT infrastructure. The engagement will leverage intelligent automation and AI-enabled capabilities to boost engineer productivity and simplify support request management. This transformation will enable the client to adopt a cost-effective integrated operating model, greatly improving employee experience and service reliability.

 

3. A leading global medtech company has selected Wipro to transform its Post Market Surveillance (PMS) process into a more efficient and intelligent operation. Since this is highly regulated market, Wipro will initially stabilize the client’s PMS and quality landscape and then, through a consulting-led and AI-powered engagement, transform the ecosystem into a more efficient and scalable process. By deploying an AI-enabled solution to streamline the intake and prioritization of health authority reporting, the engagement will deliver sustained cost efficiencies, strengthen compliance and business continuity for the client, while scaling a foundation for modernized post-approval operations.

 

4. A global manufacturer has signed a multi-year extension and expansion of its strategic engagement with Wipro. This renewed contract across the CIO organization will leverage Wipro Intelligence™ to embed AI‑led automation and advanced capabilities that enhance end‑to‑end visibility, resilience, and operational efficiency in a transformed delivery model. The deal also includes a new strategic advisory service and a shared‑benefits model. This extension reflects the strength of the partnership and the collaborative working model built over the engagement.

 

5. TruStage, a leading North American financial services provider has engaged Wipro for a multi‑year transformation of its retirement services business, bringing together operations and technology into a single, outcome‑driven model. Through a consulting‑led, domain‑centric approach, Wipro is modernizing and re‑engineering business operations & underlying technology to improve speed, quality, and scalability. Powered by Wipro Intelligence™, the program embeds AI across workflows to drive straight‑through processing, real‑time insights, and proactive decision‑making significantly lowering cost‑to‑serve. The integrated cloud-native ops‑and‑IT model is designed to enhance customer and sponsor experiences, improve transparency, and enable a more agile, digitally enabled retirement services ecosystem.

 

6. ABB Group, a global leader in electrification and automation has signed a multi-year renewal to modernize its digital workplace and accelerate its shift to an AI-led service model. Wipro will deliver agentic AI-powered workplace services across service desk, employee services, and supply chain operations. The program will introduce an AI-first, self-resolving service desk featuring smart causal analysis, multilingual voice and chat translation, and forecasting for proactive device management. These capabilities will streamline and elevate user experience. They will also drive measurable productivity improvements and support the client’s sustainability goals through efficient and responsible device management.

 

7. A major European health technology organization has renewed its engagement with Wipro to provide managed services, modernize its operating model as well as strengthen regulatory oversight and governance. Wipro will redesign core processes and align workflows across business units to improve efficiency, compliance, and consistency. AI‑enabled process optimization will be embedded to streamline operations while maintaining service quality. The engagement will help the client reduce costs, consolidate complaint handling, and deliver more predictable, high‑performing outcomes, reinforcing Wipro’s position as a trusted long‑term partner.

 

8. A major US retailer has chosen Wipro to modernize its store associate experience and execution model across a large, distributed store network, with the goal of improving productivity, consistency, and speed of operations. Through a consulting-led transformation program, Wipro is defining a clear operating model for store teams and enhancing day-to-day execution by providing associates with real time access to operational data through a mobile app, while establishing a scalable framework for data driven and AI-enabled store intelligence. This engagement will improve execution quality and compliance, enhance associate effectiveness on the floor, and create a strong foundation for AI-led capabilities that drive incremental sales uplift and improved customer experience.

 

9. A US-based health insurer has selected Wipro to modernize its member enrollment, billing, and claims operations by adopting a next-generation business process platform. Wipro will deploy its PayerAI solution, part of Wipro Intelligence™, to support end-to-end enrollment, billing, and claims operations across its Medicare Advantage line of business. The solution combines Payer in a Box for enrollment and billing with Cognitive Claims for intelligent claims processing, enabling AI-driven automation, improved accuracy, higher system uptime, and superior processing quality. This transformation will enhance operational efficiency and scalability, reduce complexity, strengthen compliance, and significantly improve the member experience.

 

10. A leading energy trading company in the UK has selected Capco, a Wipro company, to establish a Capability as a Service (CaaS) model within its Energy Trading business. Drawing on its proven CaaS track record and deep transformation expertise, Capco will provide a flexible, high quality delivery capability with rapid access to specialist skills. The engagement includes transitioning critical delivery resources to Capco to ensure delivery continuity while supporting the client’s cost reduction objectives.

 

11. A leading global financial services organization has engaged Capco, a Wipro company, to support the rollout of a coordinated, enterprise-wide AI strategy. Capco will provide strategic advisory and establish AI commercialization capabilities, embed Responsible AI practices, and drive adoption of internal AI tooling to help move the organization from isolated initiatives to scaled, practical use of AI. This will help the client accelerate AI adoption, improve returns on AI investments, and boost overall workforce productivity.

 

A prominent Southeast Asian manufacturer has selected Wipro to establish a Global Capability Center (GCC) focused on asset operations, enabling remote maintenance, monitoring, and technical support across its plants. Leveraging its deep expertise in energy value chain, Wipro will work with the client to define the GCC operating model, assess process readiness, and shape an enterprise AI roadmap aligned to asset intensive operations. Wipro will also identify AI interventions to demonstrate measurable business value across use cases such as predictive monitoring, maintenance planning, and proactive technical alerting. Wipro will help the client accelerate GCC maturity while embedding AI-enabled capabilities that enhance asset reliability, optimize turnaround cycles, reduce costs, and streamline plant-level and enterprise-wide operations at scale.

 

Analyst Recognition

 

1. Wipro was recognized as a Leader in ISG Provider Lens™ – Advanced Analytics and AI Services 2025 – US & Europe (all quadrants)
2. Wipro was positioned as a Leader in Everest Group’s Software Product Engineering Services PEAK Matrix® Assessment 2026 – Global
3. Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Agentic Services, 2026 report
4. Wipro was recognized as a Leader in Avasant’s Life Sciences Digital Services 2026 RadarView™
5. Wipro was ranked as a Leader in Avasant’s Hybrid Enterprise Cloud Services 2026 RadarView™
6. Wipro was recognized as a Leader in Everest Group’s Healthcare Payer Intelligent Operations PEAK Matrix® Assessment 2026
7. Wipro was rated as a Leader in ISG Provider Lens® – Oil & Gas Industry – Services and Solutions 2025 – North America (all quadrants)
8. Wipro was positioned as a Leader in ISG Provider Lens® – Power & Utilities Industry – Services and Solutions 2025 – US & Europe (all quadrants)
9. Wipro was rated as a Leader in ISG Provider Lens® – Digital Sustainability 2025 – Global (all quadrants)
10. Wipro was rated as a Leader in ISG Provider Lens® – Telecom Media and Entertainment – Industry Services and Solutions 2025 – North America & EMEA (multiple quadrants)
11. Wipro was positioned as a Leader in ISG Provider Lens® – Enterprise Managed Network Services 2025 – US & Europe (multiple quadrants)
12. Wipro was featured as a Horizon 3 – Market Leader in the HFS Horizons: Next-gen IT Infrastructure Services, 2026 report

 

IT Products

 

1. IT Products segment revenue for the quarter was Rs 2.5 billion ($26.9 million¹)
2. IT Products segment results for the quarter were Rs 0.2 billion ($2.2million¹)
3. IT Products segment revenue for the year was Rs 6.9 billion ($74.0 million¹)
4. IT Products segment results for the year were Rs 0.6 billion ($5.9 million¹)

 

Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

 

About Key Metrics and Non-GAAP Financial Measures

 

This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.

 

The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

 

Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated. 

 

Results for the Quarter and Year ended March 31, 2026, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com/investors/

 

Quarterly Conference Call

 

We will hold an earnings conference call today at 07:45 p.m. Indian Standard Time (10:15 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIP160426

 

An audio recording of the management discussions and the question-and-answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com

 

About Wipro Limited

 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

 

Forward-Looking Statements

 

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

 

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

                

WIPRO LIMITED AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Rs in millions, except share and per share data, unless otherwise stated)
			As at March 31, 2025		As at March 31, 2026
							Convenience translation into U.S. Dollar in millions (unaudited) at the rate of Rs 93.83
ASSETS
Goodwill			325,014		387,399		4,129
Intangible assets			27,450		29,176		311
Property, plant and equipment			80,684		81,787		872
Right-of-Use assets			25,598		28,287		301
Financial assets
Derivative assets			^		–		–
Investments			26,458		28,053		299
Trade receivables			299		349		4
Unbilled receivables			–		7,433		79
Other financial assets			4,664		6,259		67
Investments accounted for using the equity method			1,327		2,126		23
Deferred tax assets			2,561		5,242		56
Non-current tax assets			7,230		7,787		83
Other non-current assets			7,460		9,010		96
Total non-current assets			508,745		592,908		6,320
Inventories			694		517		6
Financial assets
Derivative assets			1,820		888		9
Investments			411,474		437,680		4,665
Cash and cash equivalents			121,974		105,555		1,125
Trade receivables			117,745		135,901		1,448
Unbilled receivables			64,280		76,823		819
Other financial assets			8,448		10,245		109
Contract assets			15,795		14,819		158
Current tax assets			6,417		10,762		115
Other current assets			29,128		33,164		353
Total current assets			777,775		826,354		8,807
TOTAL ASSETS			1,286,520		1,419,262		15,127
EQUITY
Share capital			20,944		20,977		224
Share premium			2,628		6,158		66
Retained earnings			716,477		735,057		7,834
Share-based payment reserve			6,985		7,920		84
Special Economic Zone Re-investment reserve			27,778		25,966		277
Other components of equity			53,497		89,290		952
Equity attributable to the equity holders of the Company			828,309		885,368		9,437
Non-controlling interests			2,138		2,509		27
TOTAL EQUITY			830,447		887,877		9,464
LIABILITIES
Financial liabilities
Loans and borrowings			63,954		1,962		21
Lease liabilities			22,193		26,327		281
Accrued expenses			–		4,394		47
Other financial liabilities			7,793		6,743		72
Deferred tax liabilities			16,443		17,266		184
Non-current tax liabilities			42,024		48,195		514
Other non-current liabilities			17,119		23,042		246
Provisions			294		224		2
Total non-current liabilities			169,820		128,153		1,367
Financial liabilities
Loans, borrowings and bank overdrafts			97,863		165,912		1,768
Lease liabilities			8,025		8,709		92
Derivative liabilities			968		10,978		117
Trade payables and accrued expenses			88,252		94,924		1,012
Other financial liabilities			3,878		11,357		120
Contract liabilities			20,063		25,434		271
Current tax liabilities			34,481		49,621		529
Other current liabilities			31,086		34,801		371
Provisions			1,637		1,496		16
Total current liabilities			286,253		403,232		4,296
TOTAL LIABILITIES			456,073		531,385		5,663
TOTAL EQUITY AND LIABILITIES			1,286,520		1,419,262		15,127
^ Value is less than 0.5

WIPRO LIMITED AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Rs in millions, except share and per share data, unless otherwise stated)
			Three months ended March 31,												Year ended March 31,
				2025				2026				2026				2025				2026				2026
											Convenience translation into US dollar in millions (unaudited) at the rate of 93.83												Convenience translation into U.S. Dollar in millions (unaudited) at  the rate of 93.83
Revenues				225,042				242,363				2,583				890,884				926,240				9,871
Cost of revenues				(155,525)				(171,914)				(1,832)				(617,802)				(656,192)				(6,993)
Gross profit				69,517				70,449				751				273,082				270,048				2,878
Selling and marketing expenses				(15,065)				(14,003)				(149)				(64,378)				(59,216)				(631)
General and administrative expenses				(15,589)				(14,808)				(158)				(57,465)				(61,434)				(655)
Foreign exchange gains/(losses), net				224				325				3				32				1,853				20
Results from operating activities				39,087				41,963				447				151,271				151,251				1,612
Finance expenses				(3,767)				(3,701)				(39)				(14,770)				(14,577)				(156)
Finance and other income				11,819				8,387				89				38,202				36,491				389
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method				291				27				^				254				257				3
Profit before tax				47,430				46,676				497				174,957				173,422				1,848
Income tax expense				(11,549)				(11,460)				(122)				(42,777)				(40,767)				(434)
Profit for the period				35,881				35,216				375				132,180				132,655				1,414
Profit attributable to:
Equity holders of the Company				35,696				35,018				373				131,354				131,974				1,407
Non-controlling interests				185				198				2				826				681				7
Profit for the period				35,881				35,216				375				132,180				132,655				1,414
Earnings per equity share:
Attributable to equity holders of the Company
Basic			3.41				3.34				0.04				12.56				12.60				0.13
Diluted			3.39				3.33				0.04				12.52				12.56				0.13
Weighted average number of equity shares
used in computing earnings per equity share
Basic			10,462,328,534				10,479,105,556				10,479,105,556				10,456,741,552				10,476,247,846				10,476,247,846
Diluted			10,490,716,219				10,504,875,601				10,504,875,601				10,488,939,392				10,503,422,936				10,503,422,936
^ Value is less than 0.5

 

Information on reportable segments for the three months ended March 31, 2026, December 31, 2025, March 31, 2025, year ended March 31, 2026, and March 31, 2025 are as follows:

 

Particulars	Three months ended			Year ended
	March 31, 2026	December 31, 2025	March 31, 2025	March 31, 2026	March 31, 2025
	Audited	Audited	Audited	Audited	Audited
Segment revenue
IT Services
Americas 1	79,844	77,809	73,721	305,571	281,824
Americas 2	67,288	67,708	68,582	269,077	271,972
Europe	65,412	62,405	58,552	244,165	240,077
APMEA	27,623	25,859	23,598	102,340	94,351
Total of IT Services	240,167	233,781	224,453	921,153	888,224
IT Products	2,521	2,565	813	6,940	2,692
Total segment revenue	242,688	236,346	225,266	928,093	890,916
Segment result
IT Services
Americas 1	16,058	16,409	16,195	62,896	58,186
Americas 2	12,181	14,450	15,513	53,138	61,326
Europe	10,092	8,003	8,140	31,083	29,434
APMEA	5,085	3,583	3,672	14,955	12,850
Unallocated	(1,899)	(1,259)	(4,250)	(3,426)	(10,157)
Total of IT Services	41,517	41,186	39,270	158,646	151,639
IT Products	211	227	28	559	(173)
Reconciling Items	235	(5,678)	(211)	(7,954)	(195)
Total segment result	41,963	35,735	39,087	151,251	151,271
Finance expenses	(3,701)	(3,656)	(3,767)	(14,577)	(14,770)
Finance and other income	8,387	9,232	11,819	36,491	38,202
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method	27	28	291	257	254
Profit before tax	46,676	41,339	47,430	173,422	174,957

 

Additional Information:

 

The Company is organized into the following operating segments: IT Services and IT Products.

 

IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) – Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services.

Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech.

Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Northern Europe and Southern Europe.

APMEA consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.

 

Reconciliation of selected GAAP measures to Non-GAAP measures

 

1. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)

 

Three Months ended March 31, 2026
IT Services Revenue as per IFRS	$2,651.0
Effect of Foreign currency exchange movement	($9.6)
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$2,641.4
Three Months ended March 31, 2026
IT Services Revenue as per IFRS	$2,651.0
Effect of Foreign currency exchange movement	($58.8)
Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year	$2,592.2

 

 

Year ended March 31, 2026
IT Services Revenue as per IFRS	$10,478.1
Effect of Foreign currency exchange movement	($132.9)
Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$10,345.2

 

 

2. Reconciliation of Free Cash Flow for three months and twelve months ended March 31, 2026
   

	Amount in INR Mn
	Three months ended March 31, 2026	Twelve months ended March 31, 2026
Net Income for the period [A]	35,216	132,655
Computation of Free Cash Flow
Net cash generated from operating activities [B]	31,731	149,316
Add/ (deduct) cash inflow/ (outflow)on:
Purchase of property, plant and equipment	(4,821)	(15,603)
Proceeds from sale of property, plant and equipment	1	758
Free Cash Flow [C]	26,911	134,471
Operating Cash Flow as percentage of Net Income [B/A]	90.1%	112.6%
Free Cash Flow as percentage of Net Income [C/A]	76.4%	101.4%

 

 

3. Reconciliation for Adjusted Net Income and Adjusted EPS

                                                                                                                                                     Amounts in INR Mn

Particulars	Three months ended March 31, 2026	Twelve months ended March 31, 2026
Net Income [A]	35,018	131,974
Add: Impact of gratuity expenses and remeasurement of leave encashment due to implementation of new labour code [B]	(272)	2,756
Less[C]: Tax on [B]	115	(475)
Adjusted Net Income [D]: [A+B+C]	34,861	134,255
Adjusted EPS Basic (Rs)	3.3	12.8

Business Wire India

 

Moody’s Corporation (NYSE: MCO) today announced that its Moody’s Agentic Solutions (MAS) workflows are now available in AWS Marketplace. Available now with the MAS Credit Memo workflow, and with additional credit and compliance capabilities to follow, Moody’s decision-grade intelligence is accessible directly within AWS Marketplace.

 

AWS Marketplace helps organizations easily discover, try, test, buy, deploy, and manage thousands of software solutions, including pre-built AI agents and ready-to-integrate tools, all in one convenient destination.

 

 

“As AI accelerates the pace of decision-making, the need for trusted, explainable intelligence has only increased,” said Helen Rider, Head of Global Sales at Moody’s. “By making our AI-powered Credit Memo workflow available in AWS Marketplace, we’re meeting customers where they work and helping them move faster while maintaining rigor, transparency, and confidence.”

 

 

MAS Credit Memo applies Moody’s proprietary data, ratings, research, and risk insights through an advanced agentic workflow that transforms the traditionally manual, knowledge-intensive process of Moody’s customers creating credit memos into a more automated and consistent experience.

 

 

At the core of the workflow is Moody’s context layer – the structured, governed bridge that delivers the right connected intelligence, in the right context, in the right place, so that AI produces trusted outputs that can be acted upon. Designed for regulated, high-stakes environments, the workflow helps institutions produce credit memos that are faster to generate, standardized in structure, and grounded in Moody’s trusted intelligence – with outputs that are explainable and traceable to underlying source data.

 

 

The effectiveness of AI-enabled workflows depends on the quality, structure, and governance of the intelligence that underpins them. Moody’s connected intelligence– spanning 600 million entities, 2 billion ownership links, and major domains of financial risk – provides the trusted context layer that makes AI outputs valid, explainable, and auditable.

 

 

Making the Credit Memo workflow available in AWS Marketplace simplifies discovery and deployment for institutions already building with Amazon Web Services (AWS), accelerating time to value without requiring new platforms or custom integrations. The workflow is designed to run natively on AWS as a complete, production-ready solution, delivering Moody’s decision-grade intelligence directly into credit workflows wherever users are building and operating.

 

 

Availability in AWS Marketplace reflects Moody’s commitment to embedding decision-grade intelligence directly into the infrastructure where financial institutions are already building.

 

 

To learn more, visit http://www.moodys.com/agenticsolutions.

 

 

About Moody’s Corporation

 

 

In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at moodys.com.

 

 

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Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this document are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. Factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-K for the year ended December 31, 2025, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416914061/en/

 

Business Wire India

NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it has expanded its collaboration with Google Cloud with a 4-year Enterprise Agreement to accelerate the deployment of the NetApp storage solutions within the Google Distributed Cloud air-gapped (GDC), Google’s sovereign cloud platform delivered by World Wide Technology (WWT). The NetApp data platform within this full-stack, air-gapped private cloud solution delivers the built-in security organizations need to handle sensitive information and meet data sovereignty requirements.

 

“For government agencies and defense organizations, sensitive and classified data can’t leave controlled environments, but that data is also critical to AI‑driven decision‑making,” said Cesar Cernuda, President at NetApp. “By embedding NetApp’s secure-by-design storage systems into Google Distributed Cloud, we’re enabling customers to build Intelligent Data Infrastructure that provides the foundation to support accredited, enterprise‑grade AI directly within sovereign and air‑gapped environments. Now, public sector customers can modernize operations, accelerate insight, and innovate responsibly without compromising security, compliance, or national sovereignty.”

 

 

Google Distributed Cloud extends customers’ cloud infrastructure and services to the places customers need them, including on-premises data centers and network edges. NetApp AFF, StorageGRID, and Trident solutions enable Intelligent Data Infrastructure that, with the integrated GDC solution, provides private cloud with zero-trust security and the ability to store data locally, manage encryption keys, and maintain control. Leveraging these systems within GDC enables customers to deploy cloud technology and applications, including AI capabilities, while maintaining more control over their IT environments by bringing the cloud closer to where their data is generated or creating air-gapped environments that limit or eliminate outside connections.

 

 

“Across the public sector, agencies are being asked to do more with data while operating under increasingly strict sovereignty, security, and compliance mandates,” said Muninder Sambi, VP, Product Management & Supply Chain, Google Distributed Cloud, Google Cloud. “Google Distributed Cloud was designed for exactly these environments, enabling customers to bring modern cloud services and advanced AI capabilities into sovereign, air‑gapped, and disconnected settings. By working with NetApp, we are helping government and regulated enterprises innovate where their data resides—supporting mission‑critical workloads with the highest levels of security, compliance, and operational integrity, without slowing the pace of transformation.”

 

 

Over the last year, Google Cloud has extended its AI capabilities for regulated use cases. Gemini’s advanced reasoning and state-of-the-art generation capabilities are available on GDC to unlock key generative AI capabilities such as automation, content generation, discovery, and summarization on-premises. Customers can operate fully disconnected, while still integrating Google’s AI capabilities, enabling innovation while meeting strict security and compliance requirements.

 

 

“AI has the potential to transform how every organization operates, even those facing the most stringent controls to meet national security and data sovereignty requirements,” said Joe Koenig, President at WWT. “Leveraging data-driven insights to power your business requires a combination of innovative AI capabilities with powerful infrastructure.”

 

 

Additional Resources

 

 

• NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure
• NetApp and Google Cloud solutions

 

About NetApp

 

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

 

 

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

 

 

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

 

 

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

 

 

Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

 

 

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416100502/en/