Wipro Limited · NSE:WIPRO
Wipro — Q1 2024 Earnings Presentation
20 slides from Wipro's earnings presentation, Jun 30, 2023
Slide 1: Wipro Limited Investor Presentation
Wipro Limited Investor Presentation For the quarter ended June 30, 2023
Slide 2: Safe Harbor
Safe Harbor This presentation may contain certain “forward looking” statements, which involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward-looking statements. These uncertainties have been de
Slide 3: Agenda
Agenda •Our track record on performance •Overall Market Opportunity •Our Strategy •Key Highlights ©
Slide 4: Our track record on performance
Our track record on performance ©
Slide 5: Growth in IT Services business
Growth in IT Services business $11,160 IT Services Revenue ($M) $10,356 $7,895 $8,120 $8,253 $8,137 $7,346 $7,705 $6,618 $7,082 $6,218 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 IT Services Business has grown at a CAGR of over 6.0% i
Slide 6: Q1'24 Revenue Distribution – Diversified Portfolio
Q1’24 Revenue Distribution – Diversified Portfolio Revenue Mix Strategic Market Unit Mix (%) Revenue Contribution 28.8 30 29.5 11.7 Top Customer 3.1% Top 5 Customers 12.5% Americas 1 Americas 2 Europe APMEA Top 10 Customers 20.5% Custom er Metrics* Revenue Mix (%) Customers > $100M 21 59.5 40.5 Cust
Slide 7: Overall market opportunity
Overall market opportunity ©
Slide 8: Global Market Size
Global Market Size 245 India’s offshore IT & BPO exports ($B) 178 147 152 126 137 99 108 117 88 76 59 69 47 48 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 CAGR of 13% in last 15 years 1. Indian IT services sector is expected to witness growth of 8.3% year-on-year in fi
Slide 9: Our strategy
Our strategy ©
Slide 10: Our vision.
AMBITIONS REALIZED Our vision. BE A TRUSTED PARTNER to our clients in their transformation journey and enable them in achieving leadership in their respective industries. ORCHESTRATE VALUE for our clients as part of their transformation journey through sector-focused ‘Business solutions’, ‘Digital’
Slide 11: Our ambition.
AMBITIONS REALIZED Our ambition. Be a fast- Be known for Be a true growing, attracting global leader dynamic, and top talent from in our industry innovative different company industries ©
Slide 12: Our five strategic priorities.
Our five strategic priorities. 01 Focus & scale Accelerate growth • Prioritized sectors & markets 04 Build talent @ scale • Building talent across domains, tech and sales roles • Best of Wipro to our clients • Up-skilling/Re-skilling @ scale • Diverse and Local 02 Strengthen clients • 5 Habits-led h
Slide 13: Key highlights
Key highlights ©
Slide 14: Financial summary for the quarter ended June 30, 2023
Financial summary for the quarter ended June 30, 2023 All figures based on IFRS Q1’24 ( ₹ million) QoQ Growth YoY Growth IT Services Revenue 227,554 -1.8% 6.1% IT Services Operating 36,517 -3.1% 14.1% Income • IT Services Segment Revenue in dollar terms was $2,778.5 million • IT Services Segment Rev
Slide 15: Other highlights for the quarter
Other highlights for the quarter • Total bookings at $3.7 billion for the quarter • Large deal Bookings growth of 9% YoY CC. Closed 10 large deals resulting in a TCV of over $1.2 billion • Voluntary attrition has continued to moderate QoQ, coming in at an 8-quarter low of 14% in Q1’24 Notes: 1. For
Slide 16: Outlook
Outlook for Quarter ending September 30, 2023 QoQ CC -2.0% to +1.0% We expect the revenue from our IT Services business segment to be in the range of $2,722 million to $2,805 million* * Outlook for the Quarter ending June 30, 2023, is based on the following exchange rates: GBP/USD at 1.26, Euro/USD
Slide 17: Education, Ecology, Community care highlights
Education, Ecology, Community care highlights Ecology Education Community Care • School Education: Supported over • 5 active community ecology • 60% of total consumption from 68,000 children, 6,300 teachers projects Renewable energy through ~80 partner NGOs • Continue to support agroforestry • 37% o
Slide 18: Thank You
Thank You ©
Slide 19: 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 June 30, 2023 Amount in INR Mn Amount in $Mn1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 83,616 1,019 Investments - Current 351,156 4,279 Gross Cash 434,772 5,298 L
Slide 20: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended June 30, 2023 IT Services Revenue as per IFRS $ 2,778.5 Effect of Foreign currency exchange movement $ (19