Wipro Limited · NSE:WIPRO
Wipro — Q4 FY2018 Earnings Presentation
15 slides from Wipro's earnings presentation, Apr 30, 2018
Slide 1: Performance for the Quarter and Year ended March 31, 2018
Performance for the Quarter and Year ended March 31, 2018 Jatin Dalal Chief Financial Officer Wipro Limited Exhibit 99.2
Slide 2: IT Services Revenue for the year
IT Services Revenue for the year ↑ 4.6% YoY growth in $ terms ↑ 2.9% YoY growth in constant currency terms $ 8060.2 Million
Slide 3: IT Services Revenue for the quarter
IT Services Revenue for the quarter ↑ 1.1% QoQ growth in constant currency terms ↑ 2.4% QoQ growth in $ terms $ 2062.0 Million
Slide 4: IT Services Margin for the year
IT Services Margin for the year 16.8% reported margins 15.8% adjusted margins* *adjusted for insolvency of two of our customers and impairment loss in one of our acquisitions
Slide 5: IT Services Margin for the quarter
IT Services Margin for the quarter 16.0% reported margins 14.4% adjusted margins* *adjusted for client insolvency and impairment loss in one of our acquisitions
Slide 6: Net income for the year
Net income for the year Highlights: The Effective Tax Rate for FY’18 was 21.8% vs 22.8% for FY’17. ₹ 80.1 Billion
Slide 7: Net income for the quarter
Net income for the quarter Highlights: Realized rate for IT Services Revenue in Q4’18 was ₹65.04 vs. a rate of ₹65.74 realized in Q3. The Effective Tax Rate for Q4’18 was 20.4%. ₹ 18.0 Billion
Slide 8: Operating Cash flow for the year ended March 31, 2018
Operating Cash flow for the year ended March 31 , 2018 105% of net income Gross Cash: ₹29,402 crores ₹ 84.2 Billion
Slide 9: Year highlights
Year highlights Business Units Banking, Financial Services & Insurance Manufacturing & Technology ↑ 14.1% YoY in $ terms ↑ 5.8% YoY in $ terms Geographies Europe APAC & Other Emerging Markets ↑ 9.8% YoY in $ terms ↑ 7.1% YoY in $ terms Services Application Services Digital ↑ 6.2% YoY in $ terms ↑ 27
Slide 10: Quarter highlights
Quarter highlights Business Units Banking, Financial Services & Insurance Manufacturing & Technology ↑ 4.7% QoQ in $ terms ↑ 4.1% QoQ in $ terms Geographies Europe US ↑ 6.5% QoQ in $ terms ↑ 1.7% QoQ in $ terms Services Process Engineering Services Digital ↑ 8.1% QoQ in $ terms ↑ 9.0% QoQ in $ terms
Slide 11: Other highlights
Other highlights We surpassed the $8 Billion mark in IT Services Revenue this year. Consulting grew 26.0% during the year. In the last one year, net head count reduced by 1.0% while our revenues increased by 5.5%. In Q4, our Top 10 accounts grew 5.5% QoQ and 14.8% YoY. Added 3 more accounts over $75
Slide 12: Outlook Q1 FY19
Outlook Q1 FY19 -2.3% to 0.1% in CC terms We expect the Revenue from our IT Services business to be in the range of $2,015 million to $2,065 million*. * Guidance is based on the following exchange rates: GBP/USD at 1.39, Euro/USD at 1.24, AUD/USD at 0.78, USD/INR at 65.12 and USD/CAD at 1.27.
Slide 13: Thank You
Thank You
Slide 14: Reconciliation of Selected GAAP measures to Non-GAAP measures
Reconciliation of Selected GAAP measures to Non-GAAP measures WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores) As of March 31, 2018 Computation of Gross cash position Cash and cash equivalents 4,493 Investments - Current 24,909 Total 29,402 Reconciliation of Non-GAAP Constant Currency IT Services
Slide 15: Reconciliation of Adjusted Segment Result and Net Income
Reconciliation of Adjusted Segment Result and Net Income Reconciliation of Adjusted Segment Result for the quarter ended March 31, 2018 (₹ MN) IT Services Segment Results 19,323 Impact of customer insolvency & Impairment loss 2,080 Adjusted IT Services Segment Results 21,403 Adjusted IT Services Seg