The company had registered a net profit of Rs 1,889 crore in the year-ago period.
The selected company will be responsible for designing, implementing and supporting a big data solution with analytical capabilities.
Wipro said it had bought back 32.3 crore equity shares under the c scheme at Rs 325 apiece.
Infosys's existing policy was to pay up to 70 pc of the free cash flow annually by the way of dividend and/or buyback.
In April last year, Wipro had sold 63 pc of its stake in WAISL to Antariksh Softtech in a Rs 3.15 crore deal.
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