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Wipro(WIT) - 2024 Q4 - Annual Report
2024-05-22 20:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ OR ☐ Shell Company Report pursuant to Section 13 or 15(d) of the ...
Wipro(WIT) - 2024 Q3 - Earnings Call Transcript
2024-01-12 16:37
Financial Data and Key Metrics Changes - IT Services revenue for Q3 FY '24 is reported at $2.66 billion, at the top-end of guidance [7] - Net income for the quarter is INR 26.9 billion, an increase of 1.8% quarter-on-quarter [45] - Operating cash flows reached $576 million, which is 177% of net income and the highest in the last five quarters [44] - Operating margin improved by 1.8% sequentially, standing at 16% despite seasonal furloughs and salary increases [9] Business Line Data and Key Metrics Changes - Consulting business, particularly Capco, reported double-digit sequential growth in order bookings, indicating strong performance [13] - Revenue in the Americas 1 market unit grew 2% sequentially, led by healthcare, which grew 9% [14] - Revenue in the Americas 2 market unit saw a 1.3% drop, but total contract value for order bookings increased by 46% sequentially [15] - Revenue from Europe decreased by 4.3% sequentially, despite winning four large deals worth nearly $300 million [16] - APMEA revenues declined 5.4% quarter-on-quarter, but margins rose 240 basis points to 13.8% [17] Market Data and Key Metrics Changes - The demand environment remains cautious, with clients focusing on efficiency and returns on investment [12] - There are signs of stabilization and a slight pickup in discretionary spending, particularly in the consulting sector [51][52] - The energy and utilities (ENU) market is expected to see significant investment, particularly in AI and GenAI [78] Company Strategy and Development Direction - The company is focusing on vendor consolidation and adding new clients while growing existing relationships [11] - Investments in AI and automation are central to the company's strategy, with AI components now included in long-term large deals [22][31] - The restructuring of low-margin businesses is ongoing, with a focus on higher-value transformation projects [17][37] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the market, noting green shoots of recovery but emphasizing the need for continued monitoring [51] - The company expects a sequential growth guidance of -1.5% to +0.5% in constant currency terms for the next quarter [33] - Management highlighted the importance of investing in people and processes for future growth, even as margins are expected to improve with returning growth [72][73] Other Important Information - The company declared an interim dividend of INR 1 per equity share [44] - The total contract value for order bookings in Q3 was $3.8 billion, with large deals over $30 million increasing from 11 to 14 compared to the previous year [8] Q&A Session Summary Question: Outlook for the industry and visibility on pipeline - Management noted that while the market has been slow, there are signs of stabilization and a potential increase in discretionary spending [50][52] Question: Performance metrics for Capco - Capco's performance is material for the organization, with strong bookings reported despite previous slowdowns [58] Question: Growth guidance and cautiousness - Management explained that the guidance reflects a cautious level of optimism, considering the current market conditions [65] Question: Trends in deal wins - The majority of large deals are net new, indicating a positive trend in client acquisition [84] Question: Demand trajectory for ENU and manufacturing sectors - Both sectors are expected to see growth, with significant investments being made in AI and GenAI [78][79]
Wipro(WIT) - 2024 Q2 - Earnings Call Transcript
2023-10-18 17:56
Wipro Limited (NYSE:WIT) Q2 2024 Results Conference Call October 18, 2023 9:30 AM ET Company Participants Deepak Bohra - Senior Vice President, Corporate Treasurer and Investor Relations Thierry Delaporte - Chief Executive Officer and Managing Director Aparna Iyer - CFO Amit Choudhary - Chief Operating Officer Subha Tatavarti - CTO Conference Call Participants Kumar Rakesh - BNP Paribas Gaurav Rateria - Morgan Stanley Dipesh Mehta - Emkay Abhishek Kumar - JM Financial Girish Pai - Nirmal Bang Equities Sande ...
Wipro(WIT) - 2024 Q1 - Earnings Call Transcript
2023-07-13 18:43
Wipro Limited (NYSE:WIT) Q1 2024 Earnings Conference Call July 13, 2023 10:00 AM ET Company Participants Deepak Kumar Bohra - Senior Vice President, Corporate Treasurer & Investor Relations Thierry Delaporte - Managing Director & Chief Executive Officer Jatin Dalal - Chief Financial Officer Stephanie Trautman - Chief Growth Officer Saurabh Govil - Chief Human Resources Officer Amit Choudhary - Chief Operating Officer Subha Tatavarti - Subha Tatavarti Conference Call Participants Sudheer Guntupalli - Kotak M ...
Wipro(WIT) - 2024 Q1 - Quarterly Report
2023-06-20 20:25
Exhibit 99.1 June 17, 2023 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: Notice of Annual General Meeting (“AGM”), Integrated Annual Report for Financial Year 2022-23 and intimation of book closure for the AGM This is to inform that the 77th AGM of the Company is scheduled to be held on Wednesday, July 12, 2023 at 9:30 AM IST through video conferencing. Pursuant ...
Wipro(WIT) - 2023 Q4 - Annual Report
2023-05-24 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 OR ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2023 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ OR ☐ Shell Company Repo ...
Wipro(WIT) - 2023 Q4 - Earnings Call Transcript
2023-04-28 00:56
Wipro Limited (NYSE:WIT) Q4 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants Deepak Kumar Bohra - Senior Vice President, Corporate Treasurer & Investor Relations Thierry Delaporte - Managing Director & Chief Executive Officer Jatin Dalal - Chief Financial Officer Stephanie Trautman - Chief Growth Officer Amit Choudhary - Chief Operating Officer Conference Call Participants Sudheer Guntupalli - Kotak Mahindra Asset Management Sandeep Shah - Equirus Securities Mukul Garg - Motilal ...
Wipro(WIT) - 2023 Q3 - Earnings Call Transcript
2023-01-13 18:59
Wipro Limited (NYSE:WIT) Q3 2023 Results Conference Call January 13, 2023 9:00 AM ET Company Participants Dipak Kumar Bohra - Senior Vice President, Corporate Treasurer & IR Thierry Delaporte - Managing Director, Chief Executive Officer Jatin Dalal - Chief Financial Officer Stephanie Trautman - Chief Growth Officer Amit Choudhary - Chief Operating Officer Conference Call Participants Mukul Garg - Motilal Oswal Financial Services Abhishek Bhandari - Nomura Gaurav Rateria - Morgan Stanley Nitin Padmanabhan - ...
Wipro(WIT) - 2023 Q2 - Quarterly Report
2022-10-14 20:01
WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS AS AT AND FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2022 WIPRO LIMITED AND SUBSIDIARIES INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (₹ in millions, except share and per share data, unless otherwise stated) | | Notes | As at March 31, 2022 | As at September 30, 2022 | | | --- | --- | --- | --- | --- | | ASSETS | | | | | | Goodwill | 6 | 246,989 | 302,608 | 3,719 | | Intangible assets | 6 | ...
Wipro(WIT) - 2023 Q2 - Earnings Call Transcript
2022-10-12 17:47
Wipro Limited (NYSE:WIT) Q2 2023 Earnings Conference Call October 12, 2022 10:00 AM ET Company Participants Aparna Iyer - Vice President and Corporate Treasurer Thierry Delaporte - Chief Executive Officer and Managing Director Jatin Dalal - Chief Financial Officer Stephanie Trautman - Chief Growth Officer Conference Call Participants Sandeep Agarwal - Edelweiss Abhishek Bhandari - Nomura Nitin Padmanabhan - Investec Ravi Menon - Macquarie Group Mukul Garg - Motilal Oswal Financial Services Manik Taneja - JM ...