Wipro Limited · NSE:WIPRO
Wipro — Q1 FY2020 Earnings Presentation
10 slides from Wipro's earnings presentation, Jul 19, 2019
Slide 1: Performance for the Quarter ended June 30, 2019
Exhibit 99.2 Performance for the Quarter ended June 30, 2019 Jatin Dalal Chief Financial Officer Wipro LimitedExhibit 99.2 Performance for the Quarter ended June 30, 2019 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 2: Revenue for the quarter
Revenue for the quarter IT Services $ Revenue Mn Revenue in INR Mn YoY & QoQ growth rates in constant currency for Q1'20 are 5.9% and -0.7% respectively after adjusting revenues of Q4'19 & Q1'19 for the impact from the divestment of our hosted data center services business and Workday & Cornerstone
Slide 3: Operating Margins
Operating Margins IT Services Operating Margin Operating Profit in INR Mn 3 ©Operating Margins IT Services Operating Margin Operating Profit in INR Mn 3 ©
Slide 4: Net Income for the quarter
Net Income for the quarter Net Income in INR Mn Earnings per share in INR Highlights: • The Effective Tax Rate for Q1’20 was 21.8% vs 22.1% in Q4’19 and 21.9% in Q1’19 4 ©Net Income for the quarter Net Income in INR Mn Earnings per share in INR Highlights: • The Effective Tax Rate for Q1’20 was 21.8
Slide 5: Cash Flow Metrics for the quarter
Cash Flow Metrics for the quarter Operating Cash flow in INR Mn Operating Cash Flow is at 120.4% of Net Income Free Cashflow as a % of Net Income 5 ©Cash Flow Metrics for the quarter Operating Cash flow in INR Mn Operating Cash Flow is at 120.4% of Net Income Free Cashflow as a % of Net Income 5 ©
Slide 6: Other highlights
Other highlights 1. Added 3 accounts to $100 Mn+ revenue bucket 2. Attrition on LTM basis remained at 17.6% 3. Localization in US now at 65.4% 4. FPP mix at all time high of 61.6% 5. Offshore mix is at 47.7% 6. Onboarded over 6,000 graduates globally this quarter 7. Digital now at 37.4%, grew 34.6%
Slide 7: Outlook for quarter ending September 30, 2019
Outlook for quarter ending September 30, 2019 QoQ growth We expect the revenue from our IT Services business to be in the 0.0% to 2.0% range of $2,039 million to $2,080 million*. * Outlook is based on the following exchange rates: GBP/USD at 1.27, Euro/USD at 1.13, AUD/USD at 0.69, USD/INR at 69.59
Slide 8: Buy Back
Buy Back The Company had previously announced a buyback proposal for purchase of up to 323.1 million equity shares of ₹2 each from the shareholders on a proportionate basis by way of a tender offer at a price of ₹325 per equity share payable in cash for an aggregate amount not exceeding ₹105 billion
Slide 9: Thank You
Thank YouThank You
Slide 10: Reconciliation of Selected GAAP measures to Non-GAAP measures
Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash as of June 30, 2019 Wipro Ltd and Subsidiaries ( Amount in INR Crores) Computation of Gross Cash Cash & Cash Equivalents 24,140.5 Investments - Current 18,234.8 42,375.3 Total Reconciliation of Non-GAAP consta