Wipro Limited has announced the acquisition of select customer contracts from Alpha Net Consulting LLC and its subsidiaries through a definitive agreement. The transaction, valued at up to US$71 million, represents a strategic move to strengthen the company's AI-powered application services capabilities and expand its client base.

Transaction Overview

The acquisition involves select customer contracts from the Alpha Net Group, which will provide Wipro with access to key clientele, their customer contracts, and the related workforce. This business acquisition is structured as a cash transaction with deferred consideration in the form of earnout payments, subject to achievement of certain performance metrics and conditions.

Strategic Objectives and Impact

The acquisition is designed to augment Wipro's existing capabilities in AI-powered and consulting-led application services. By gaining access to Alpha Net's customer base and workforce, Wipro aims to drive new growth opportunities and enhance its service offerings in the competitive IT services market. The transaction does not involve any related party transactions, and promoter groups have no interest in the entity being acquired.

About Alpha Net Group

Alpha Net Consulting LLC was founded in 2001 and is headquartered in Santa Clara, California, USA. The company maintains additional presence across Singapore, India, UK, and Netherlands. Alpha Net Group specializes in enterprise software development, data engineering, and managed services for global clientele, positioning itself as a provider for an AI-first world.

The revenue figures represent earnings from the select customers whose contracts are being acquired by Wipro for the last three completed years ending December 31.

Transaction Structure

The acquisition represents a business acquisition rather than an entity acquisition, focusing specifically on customer contracts and related assets rather than shareholding in Alpha Net Group itself. The deal is structured with customary closing adjustments as outlined in the purchase agreement, ensuring alignment with standard industry practices for such transactions.

Wipro Limited has revised the timing of its earnings conference call scheduled to discuss Q4FY26 results. The company informed stock exchanges on April 13, 2026, about the schedule change under Regulation 30 of SEBI listing requirements.

Revised Conference Call Schedule

The earnings conference call has been rescheduled with the following updated timing:

All other details communicated in the company's earlier intimation dated April 8, 2026, remain unchanged. The revision follows the company's continuation notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4FY26 Results Announcement

Wipro will announce its fourth quarter results ended March 31, 2026, on Thursday, April 16, 2026, after stock market trading hours in India. The results will be available in the Investors section of the company's website at www.wipro.com/investors/ .

Following the results announcement, senior management will discuss the company's quarterly performance and answer questions. Participants must submit questions by 7:15 PM IST (9:45 AM US Eastern time) to abhishek.jain2@wipro.com .

Conference Call Access Details

The audio from the conference call will be available through a webcast at https://links.cwebcast.com/?EventId=WIP160426 . Multiple dial-in options are available for participants:

Participants should dial any of the numbers five to ten minutes ahead of schedule. No passcode is required for the live call.

Call Replay Information

A replay of the earnings call will be available two hours after the call ends, accessible from April 16-23, 2026:

The company operates across 65 countries with over 230,000 employees and business partners, positioning itself as a leading AI-powered technology services and consulting company focused on digital transformation solutions.