Slide 1: Performance for the Quarter ended June 30, 2018
Performance for the Quarter ended June 30, 2018 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 2: IT Services Revenue for the quarter
IT Services Revenue for the quarter $ 2026.5 Million (at upper end of our guidance) ₹ 137.0 Billion (increased 5.2% YoY) © 2
Slide 3: IT Services Margin for the quarter
IT Services Margin for the quarter Operating Margins 17.2% +35 bps YoY Operating Profit increased 9.4% YoY © 3
Slide 4: Net income
Net income for the quarter ₹ 21.2 Billion Highlights: • Net Income stable at 15.2% of Revenue • EPS for the quarter was ₹4.71 per share, increasing by 9.9% YoY • The Effective Tax Rate for Q1’19 was 21.9% © 4
Slide 5: Operating Cash flow
Operating Cash flow for the quarter ₹ 28.8 Billion 136% of Net Income Net Cash: ₹20,369 crores Gross Cash: ₹32,141 crores © 5
Slide 6: Quarter highlights
Quarter highlights Business Units Consumer ↑ 2.6% QoQ Banking, Financial ↑ 3.0% QoQ Business Unit in CC terms Services & Insurance in CC terms Technology ↑ 7.2% YoY in CC terms Services Geographies Digital ↑ 6.2% QoQ in CC terms US ↑ 2.9% QoQ Modern Application ↑ 3.3% QoQ in CC terms Services in CC
Slide 7: Other highlights
Other highlights 1. Top account grew 2.6% QoQ 2. Utilization* at an all time high of 85.2% 3. FPP mix at all time-high of 58.9% 4. Generated free cash flow of ₹25,062 million at 118% of Net Income 5. EPS grew 9.9% YoY to ₹4.71 per share *net utilization excluding trainees © 7
Slide 8: Outlook for quarter ending September 30, 2018
Outlook for quarter ending September 30, 2018 Q2FY19 We expect the revenue from our IT 0.3% to 2.3% Services business to be in the range of $2,009 million to $2,049 excluding the impact of million*. divestment of hosted data center business in Q1FY19 * Outlook is based on the following exchange rate
Slide 9: Thank You
Thank You
Slide 10: Reconciliation of Selected GAAP measures to Non-GAAP measures
Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash as of June 30, 2018 Wipro Limited and Subsidiaries (Amounts in ₹ crore) Computation of Gross cash position Cash and cash equivalents 7,068 Investments - Current 25,073 Total 32,141 Reconciliation of Non-GAAP c