Wipro announced share buyback of Rs 12,000 crore, highest in previous four instances.
The company will buyback shares at Rs 445 apiece, which is at an 18% premium to Thursday's closing price.
"We are winning large transformation deals, benefitting from a consolidating market, and deepening relationships with existing clients,” Thierry Delaporte, MD & CEO of Wipro said.
Constant currency revenue in the current quarter to decline by 1-3%.
The IT services business, including India State Run Enterprise segment, to range between $2,753 million to $2,811 million.
The company reported US Dollar revenue of $2,823 million. In rupee terms, revenue stood at Rs 23,190 crore.
EBIT margin stood at 16.3%, and was 10 basis points higher than the expectation.
The company's guidance for the current quarter is lower than most estimates, that ranged between a growth of 1% to a decline of 1%.
Total headcount down by 1,823 employees, attrition eases to 14.1%.