Slide 1: Performance for the Quarter ended December 31, 2018
Performance for the Quarter ended December 31, 2018 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 2: Note
Note As stated in our last quarter’s earnings release, we have carved out the India State Run Enterprises (ISRE i.e. Public Sector Undertakings and Government business in India) from our IT Services segment into a separate segment effective Quarter ended December 31, 2018 © 2
Slide 3: IT Services Revenue for the quarter
IT Services Revenue for the quarter $ 2,046.5 Million (up 2.4% QoQ and 7.0%* YoY in CC terms; ahead of mid-point of guidance) ₹ 14,666 Crores (up 3.5% QoQ and 13.0% YoY) * Adjusted for sale of our datacenter business © 3
Slide 4: IT Services Margin for the quarter
IT Services Margin for the quarter Operating Margin 19.8% ↑ 480 basis points from Q2 FY19 reported margins ↑ 496 basis points from Q3 FY18 reported margins © 4
Slide 5: Net Income for the quarter
Net Income for the quarter Reported Net Income ₹ 2,510 crores ↑ 29.6% YoY Reported EPS ₹ 5.57 per share Highlights: • The Effective Tax Rate for Q3’19 was 21.5%. ↑ 38.2% YoY © 5
Slide 6: Operating Cash flow for the quarter
Operating Cash flow for the quarter Reported Operating Cash Flow ₹ 3,566 Crores 142% of Net Income Net Cash: ₹25,103 Crores Gross Cash: ₹35,487 Crores © 6
Slide 7: Quarter highlights
Quarter highlights Business Units Banking, Financial ↑ 5.3% QoQ Consumer ↑ 1.4% QoQ Services & Insurance in CC terms Business Unit in CC terms Communications ↑ 2.1% QoQ Energy, Natural ↑ 4.6% QoQ in CC terms Resources and in CC terms Utilities Geographies Services US ↑ 3.7% QoQ Digital Operations &
Slide 8: Other highlights
Other highlights 1. Digital grew 6.4% QoQ and is now at 33.2% of our revenue 2. Top 10 accounts grew 6.3% QoQ in constant currency terms 3. Added 1 account to $100MN+ revenue bucket 4. Added 7 accounts to $20MN+ revenue bucket 5. Localization in US now at 62.6% 6. Efforts savings on FPP projects at
Slide 9: Shareholder Returns
Shareholder Returns Interim Dividend Wipro declared an interim and Bonus Shares dividend of ₹1 per equity share/ADS Wipro’s Board of Directors recommended an issue of bonus shares to shareholders in ratio of 1:3 (One equity share for every Three equity shares held) * Outlook is based on the followin
Slide 10: Outlook for quarter ending March 31, 2019
Outlook for quarter ending March 31, 2019 QoQ growth We expect the revenue from our IT 0.0% to 2.0% Services business to be in the range of $2,047 million to $2,088 million*. * Outlook is based on the following exchange rates: GBP/USD at 1.27, Euro/USD at 1.14, AUD/USD at 0.72, USD/INR at 71.11 and
Slide 11: Thank You
Thank You
Slide 12: Reconciliation of Selected GAAP measures to Non-GAAP measures
Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash as of December 31, 2018 Wipro Limited and Subsidiaries (Amounts in ₹ crore) Computation of Gross cash position Cash and cash equivalents 14,277 Investments - Current 21,210 Total 35,487 Reconciliation of Non-G