Wipro Limited · NSE:WIPRO
Wipro — Q4 FY2023 Earnings Presentation
15 slides from Wipro's earnings presentation, April 2023
Slide 1: Financial Performance for the Quarter and Year ended March 31, 2023
Financial Performance for the Quarter and Year ended March 31, 2023 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 2: Revenue for the Quarter
Revenue for the Quarter $ Mn $ 2.82 Bn IT Services Revenue | USD IT services Growth on Constant Currency Basis: ₹ 231.9 Bn INR Mn QoQ: -0.6% YoY: 6.5% Gross Revenue | INR © 2
Slide 3: Revenue for the Year
Revenue for the Year $ Mn $ 11.2 Bn IT Services Revenue | USD IT services Growth on Constant ₹ 904.9 Bn Currency Basis: INR Mn YoY: 11.5% Gross Revenue | INR © 3
Slide 4: Operating Margin for the Quarter
Operating Margin for the Quarter IT Services Operating Margin refers to our segment results 16.3 % IT Services Operating Margin Operating Profit growth (Wipro Limited.) ₹37.6 Bn QoQ: -0.2% INR Mn YoY: 7.0% Operating Profit (Wipro Ltd.) in INR © 4
Slide 5: Operating Margin for the Year
Operating Margin for the Year IT Services Operating Margin refers to our segment results 15.7 % IT Services Operating Margin Operating Profit growth (Wipro Limited.) INR Mn ₹139.6 Bn YoY: -0.5% Operating Profit (Wipro Ltd.) in INR © 5
Slide 6: Net Income for the Quarter
Net Income for the Quarter INR Mn Net income refers to the profit attributable to equity share holders of the company ₹ 30.7 Bn Net Income | INR QoQ growth Net Income: 0.7% ₹ 5.61 INR EPS: 0.7% Earnings Per Share | INR © 6
Slide 7: Net Income for the Year
Net Income for the Year INR Mn Net income refers to the profit attributable to equity share holders of the company ₹ 113.5 Bn Net Income | INR YoY growth Net Income: -7.1% ₹ 20.73 EPS: -7.2% INR Earnings Per Share | INR © 7
Slide 8: Cash Flow Metrics for the Quarter
Cash Flow Metrics for the Quarter OCF to Net Income ₹ 37.3 Bn Operating Cash Flow is at 120.6% Operating Cash Flow | INR of Net Income FCF to Net Income Free Cash Flow ₹ 34.4 Bn is at 111.1% of Net Income Free Cash Flow | INR Refer annexure for Non-GAAP measures w alk © 8
Slide 9: Cash Flow Metrics for the Year
Cash Flow Metrics for the Year OCF to Net Income ₹ 130.6 Bn Operating Cash Flow is at 114.9% Operating Cash Flow | INR of Net Income FCF to Net Income Free Cash Flow ₹ 116.3 Bn is at 102.3% of Net Income Free Cash Flow | INR Refer annexure for Non-GAAP measures w alk © 9
Slide 10: Other highlights
Other highlights 1. Total bookings of over $4.1 billion in TCV terms, grew 29% YoY CC for the quarter 2. Closed 15 large deals resulting in a TCV of over $1.1 billion, grew by 155% YoY CC in Q4’23 3. Voluntary attrition decreased 330 bps from previous quarter, landing at 14.1% on a quarterly annuali
Slide 11: Outlook for Quarter ending June 30, 2023
Outlook for Quarter ending June 30, 2023 QoQ CC -3.0% to -1.0% We expect the revenue from our IT Services business including India State Run Enterprise (ISRE) segment to be in the range of $2,753 million to $2,811 million* * Outlook for the Quarter ending June 30, 2023, is based on the following exc
Slide 12: Annexures
Annexures
Slide 13: Reconciliation of selected GAAP measures to Non-GAAP measures (1/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Gross Cash and Net Cash as of March 31, 2023 Amount in INR Mn Amount in $Mn1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 91,880 1,118 Investments - Current 309,232 3,762 Gross Cash 401,112 4,880
Slide 14: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended March 31, 2023 IT Services Revenue as per IFRS $ 2,823.0 Effect of Foreign currency exchange movement $ (3
Slide 15: Segment Information
Segment Information As announced on November 12, 2020, in order to broad base our growth, effective January 1, 2021, the Company re-organized IT Services segment to four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East Africa (“APMEA”). Americas 1 and Ame