Slide 1: Press Release cover letter to stock exchanges
•• ••• • • •• • •• • •••••••• ' :r~:i>i' wip••••• •••••• • •• • •••••• ••••• July 17, 2019 The Manager - Listing BSE Limited (BSE: 507685) The Manager - Listing National Stock Exchange of India Limited (NSE: WIPRO) The Market Operations , NYSE, New York (NYSE : WIT) Dear Sir/Madam, Sub: Press Releas
Slide 2: Results for the Quarter ended June 30, 2019 under IFRS
FOR IMMEDIATE RELEASE Results for the Quarter ended June 30, 2019 under IFRS EPS grew by 12.5% YoY; Digital grew by 34.6% YoY Bangalore, India and East Brunswick, New Jersey, USA – July 17, 2019 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under Internationa
Slide 3: IT Services deal wins and Digital highlights
IT Services Wipro continued its momentum in winning large deals globally as described below: Wipro has won a multi-year technology and operations transformation contract from an European Bank. The program will enable the bank to optimize its existing technology and operations landscape, and invest
Slide 4: IT Products, ISRE and Non-GAAP Financial Measures
IT Products IT Products Segment Revenue for the quarter was ₹ 2.4 billion ($35.0 million1). IT Products Operating Margin for the quarter was -16.9%. India State Run Enterprises (ISRE) India SRE Segment Revenue for the quarter was ₹ 2.1 billion ($31.1 million1). India SRE Operating Margin for
Slide 5: About Wipro Limited
About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients
Slide 6: Interim Condensed Consolidated Statement of Financial Position
WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (₹ in millions, except share and per share data, unless otherwise stated) As at March 31, As at June 30, 2019 2019 Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii) ASSETS Goo
Slide 7: Interim Condensed Consolidated Statement of Income
INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME (₹ in millions, except share and per share data, unless otherwise stated) Three months ended June 30, 2018 2019 2019 Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii) Revenues 139,777 147,161 2,135 Cost of revenues (10
Slide 8: Segment revenue and results
Three months ended Year ended June March June March Particulars 30, 2019 31, 2019 30, 2018 31, 2019 Audited Audited Audited Audited Revenue IT Services BFSI 45,395 46,043 39,994 175,262 Health BU 18,871 19,288 18,200 75,081 CBU 22,366 23,667 20,596 89,313 ENU 18,432 18,628 17,099 72,830 TECH 18,660
Slide 9: Reconciliation of Non-GAAP Constant Currency IT Services Revenue
India State Run Enterprise services segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by Government of India and/ or any State Governments. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($
Slide 10: Operating Metrics Pertaining to IT Services Segment
Wipro Limited Results for the Quarter ended June 30, 2019 Operating Metrics Pertaining to IT Services Segment A. IT Services FY 19-20 FY 18-19 FY 17-18 Q1 FY Q4 Q3 Q2 Q1 FY IT services Revenues ($Mn) 2,038.8 8,120.3 2,075.5 2,046.5 2,009.5 1,988.8 7,895.2 Revenue & OM % Sequential Growth Note 1 -1.3
Slide 11: Currency Mix, Employee Count, Utilization and Attrition
FY 19-20 FY 18-19 FY 17-18 Q1 FY Q4 Q3 Q2 Q1 FY % of Revenue USD 62% 61% 62% 61% 60% 61% 60% Currency Mix GBP 10% 10% 10% 10% 10% 11% 10% EUR 9% 9% 9% 9% 9% 8% 9% INR 4% 5% 4% 4% 5% 5% 6% AUD 5% 5% 5% 5% 5% 5% 5% CAD 3% 3% 3% 3% 3% 3% 3% Others 7% 7% 7% 8% 8% 7% 7% Closing Employee Count 174,850 171
Slide 12: Performance for the Quarter ended June 30, 2019
Performance for the Quarter ended June 30, 2019 Jatin Dalal Chief Financial Officer Wipro Limited
Slide 13: 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 14: Operating Margins
Operating Margins IT Services Operating Margin Operating Profit in INR Mn © 3
Slide 15: 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
Slide 16: 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
Slide 17: 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 18: Outlook for quarter ending September 30, 2019
Outlook for quarter ending September 30, 2019 QoQ growth We expect the revenue from our IT 0.0% to 2.0% Services business to be in the 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 19: 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 20: Thank You
Thank You
Slide 21: 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 Total 42,375.3 Reconciliation of Non-GAAP consta