Slide 1: Financial Performance for the Quarter ended December 31, 2022
Financial Performance for the Quarter ended December 31, 2022 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 2: Revenue for the Quarter
Revenue for the Quarter $ Mn $ 2.80 Bn IT Services Revenue | USD IT services Growth on Constant Currency Basis: ₹ 232.3 Bn QoQ: 0.6% INR Mn YoY: 10.4% Gross Revenue | INR © 2
Slide 3: 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 QoQ growth IT services OM: INR Mn ₹37.6 Bn 120bps Operating Profit (Wipro Ltd.) in INR © 3
Slide 4: 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 ₹ 30.5 Bn Net Income | INR QoQ growth Net Income: 14.8% ₹ 5.57 EPS: 14.6% INR Earnings Per Share | INR © 4
Slide 5: Cash Flow Metrics for the Quarter
Cash Flow Metrics OCF to Net Income for the Quarter ₹ 43.5 Bn Operating Cash Flow is at 142.5% Operating Cash Flow | INR of Net Income FCF to Net Income Free Cash Flow ₹ 40.7 Bn is at 133.3% of Net Income Free Cash Flow | INR Refer annexure for Non-GAAP measures walk © 5
Slide 6: Other highlights
Other highlights 1. Record Total bookings of over $4.3 billion in TCV terms grew 26% YoY for the quarter 2. Closed 11 large deals resulting in a TCV of over $1 billion, grew by 69% YoY in Q3’23 3. Top 5 clients grew 15.7% YoY and top 10 clients grew 14.7% YoY in constant currency terms, underscoring
Slide 7: Outlook for year ending March 31, 2023
Outlook for year ending March 31, 2023 We expect Revenue from our IT Services business for the full year to be in the range of 11.5% to 12.0%, in constant currency terms * Outlook for the year ending March 31, 2023, is based on the following exchange rates: GBP/USD at 1.36, Euro/USD at 1.16, AUD/USD
Slide 8: Annexures
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Slide 9: 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 December 31, 2022 Amount in INR Mn Amount in $Mn1 Computation of Gross Cash and Net Cash Cash & Cash Equivalents 87,307 1,055 Investments - Current 291,743 3,527 Gross Cash 379,050 4,5
Slide 10: Reconciliation of selected GAAP measures to Non-GAAP measures (2/2)
Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended December 31, 2022 IT Services Revenue as per IFRS $ 2,803.5 Effect of Foreign currency exchange movement $
Slide 11: 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