Wipro Limited · NSE:WIPRO
Wipro — Q3 FY2020 Earnings Presentation
10 slides from Wipro's earnings presentation, Jan 17, 2020
Slide 1: Performance for the Quarter ended December 31, 2019
Performance for the Quarter ended December 31, 2019 Jatin Dalal Chief Financial Officer Wipro Limited Exhibit 99.2
Slide 2: Revenue for the quarter
Revenue for the quarter IT Services $ Revenue Mn Gross Revenue in INR Mn *The YoY growth rates have been adjusted for the divestment of our Workday & Cornerstone on Demand business. The walk for the same is provided in the end QoQ & YoY* growth on Constant Currency basis is 1.8% & 3.3%
Slide 3: Operating Margins
Operating Margins IT Services Operating Margin Operating Profit in INR Mn IT Services operating margin refers to our segment results
Slide 4: Net Income for the quarter
Net Income for the quarter Note: The Effective Tax Rate for Q3’20 was 20.0% vs 18.3% in Q2’20 and 21.5% in Q3’19 Net Income in INR Mn Earnings per share in INR Net income refers to the profit attributable to equity share holders of the company
Slide 5: Cash Flow Metrics for the quarter
Cash Flow Metrics for the quarter Operating Cash flow in INR Mn Operating Cash Flow is at 124% of Net Income Free Cash flow in INR Mn* Free Cash Flow is at 101% of Net Income * Note on the Non-GAAP measures walk has been provided in the annexure
Slide 6: Other highlights
Other highlights Secular growth across all geographies, service lines & business units Added 4 accounts to the >$100mn+ bucket YoY Voluntary Attrition on LTM basis has reduced to 15.7% Localization in US now at 70% FPP mix at an all time high of 62.6% Digital now at 39.8%, grew 22.8% YoY in CC terms
Slide 7: Outlook for quarter ending March 31, 2020
Outlook for quarter ending March 31, 2020 QoQ growth 0.0% to 2.0% We expect the revenue from our IT Services business to be in the range of $2,095 million to $2,137 million*. * Outlook is based on the following exchange rates: GBP/USD at 1.30, Euro/USD at 1.11, AUD/USD at 0.68, USD/INR at 71.28 and
Slide 8: Thank You
Thank You Public
Slide 9: Reconciliation of selected GAAP measures to Non-GAAP measures
Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of gross cash as of December 31, 2019 Reconciliation of free cash flow for three months and nine months ended December 31, 2019 Reconciliation of gross cash as of December 31,2019 Wipro Ltd and subsidiaries ( Amount in INR
Slide 10: Reconciliation of Selected GAAP measures to Non-GAAP measures
Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN): Three Months ended December 31, 2019 IT Services Revenue as per IFRS $2,094.8 Effect of Foreign currency exchange movement $ (9.1)