Core Insights - Poppulo has been selected by Wipro Limited to provide communications solutions for its global workforce [1][2] - The partnership aims to enhance employee experiences through personalized communication and data-driven insights [2][3] Group 1: Partnership Details - Wipro seeks to offer personalized experiences in various employee processes, including listening, travel, and reimbursement management [2] - The Poppulo Harmony platform will enable Wipro to deliver tailored messages and relevant content based on employee needs [2][4] Group 2: Leadership Perspectives - Wipro's Chief Employee Experience Officer emphasized the importance of effective communication for enhancing employee experience [3] - Wipro's future success is linked to its ability to communicate timely information that boosts employee engagement [4] Group 3: Poppulo's Capabilities - Poppulo allows Wipro to create efficient all-company communications while targeting specific employee groups with relevant content [4] - Advanced analytics from Poppulo will help communication teams understand content effectiveness and make necessary adjustments [4] Group 4: Company Background - Poppulo supports enterprise organizations with omnichannel communications, digital signage, and workplace management [5] - The company has over 4,500 customers, including more than 40 of the Fortune 100 [5]

Financial Data and Key Metrics Changes - IT services revenue for Q1 was $2.63 billion, reflecting a sequential decrease of 1% in constant currency, which was within the guided range for the quarter [12][29] - Operating margin was 16.5%, an increase of 0.1% from the last quarter [13][29] - Net income at INR 30 billion grew 6% sequentially, and EPS for the quarter at INR 5.75 grew 10% year-on-year [30] Business Line Data and Key Metrics Changes - Americas 1 delivered a sequential growth of 0.4%, with positive momentum in consumer and communication sectors [14] - BFSI in Americas 2 achieved a sequential growth of 1.4% and a year-on-year growth of 12.1% [14] - Capco business achieved a sequential growth of 3.4% [14] - Europe and APMEA experienced sequential declines of 1.4% and 4.2% respectively [15] Market Data and Key Metrics Changes - Banking and financial services grew 0.5% sequentially, while manufacturing and energy sectors experienced declines of 3% and 6.3% respectively [16] - Overall bookings for the quarter were $3.3 billion, with large deal TCV of $1.2 billion [17] Company Strategy and Development Direction - The company is focusing on large deal creation and has secured 10 large deals in Q1, exceeding $1 billion [18] - Strengthening relationships with major clients and strategic partners is a priority, with revenue from top 10 accounts growing 1.3% sequentially [21] - The company is developing AI-powered industry solutions to help clients transform their business models [22] Management's Comments on Operating Environment and Future Outlook - Management noted that clients remain cautious, with low discretionary spending, but there is optimism in sectors like BFSI and consumer business in the U.S. [6][12] - For Q2, the company is guiding for a sequential revenue growth of -1% to +1% in constant currency [28] Other Important Information - Cash flows for Q1 were $479 million, representing 132% of net income, with a current cash balance of $5.4 billion [30] - The company is actively investing in talent development and has rolled out an AI-powered career development platform [25] Q&A Session Summary Question: Were there any negative surprises in Q1 performance? - Management stated that performance was within the guidance range, and there was no significant change in the demand environment, with clients remaining cautious [6] Question: What is the outlook for the telco deal won in Q1? - Management indicated that such deals typically take time to ramp up and will realize full revenue potential over a few quarters [33] Question: How has the average tenure of deal wins changed? - Management noted that deal tenures are becoming shorter, with three to five-year deals becoming more common [36] Question: What is the strategy for implementing GenAI in internal software development? - Management highlighted three deployment areas for GenAI, including enhancing employee experience and improving productivity in software development [38][41] Question: What is driving the depreciation and amortization down? - Management indicated that there were no specific one-offs affecting depreciation and amortization for Q1 [47] Question: What is the current drag in BFSI? - Management noted that BFSI in Americas is performing well, while Europe is experiencing some softness due to macroeconomic factors [70] Question: Is there any impact from corporate actions in Europe? - Management clarified that the softness in Europe is due to a combination of factors and not specific to any one client [89] Question: What is the outlook for revenue growth? - Management refrained from commenting on growth beyond Q2 but acknowledged a cautious demand environment [74]

Revenue Sources and Market Exposure - Approximately 60.1% of the company's IT Services segment revenue is derived from the Americas, including the United States, while 28.4% comes from Europe[38]. - The IT Services segment contributes 99.5% of total revenue, with approximately 40% of revenues generated in non-U.S. Dollar currencies, exposing the company to exchange rate fluctuations[88]. - The company may experience revenue declines if clients are unable to pay dues, influenced by macroeconomic conditions and credit crises[37]. - The company is exposed to risks from geopolitical conflicts, which could negatively impact client spending and overall revenue[46]. - The company faces significant risks due to economic slowdowns in the Americas and Europe, which could adversely affect technology spending by clients[38]. Operational Risks and Challenges - The company has substantial fixed operating expenses, making it vulnerable to fluctuations in project timing and volume, potentially impacting profitability[31]. - The company faces risks related to government contracts, including potential termination without cause and the right of clients to audit contract costs, which could negatively impact revenue and profitability[58]. - The complexity of larger projects may lead to client dissatisfaction and potential contract terminations, affecting future revenue streams[114][115]. - The company may face challenges in integrating acquired entities, which could disrupt ongoing business and increase expenses[76]. - The company may face challenges in managing its administrative and operational processes as it continues to grow, which could harm shareholder value[97]. Investment and Growth Strategies - The company is investing in new technologies and services, but success is contingent on continued demand and effective cost management[36]. - The company is making substantial investments in AI technologies, including Generative AI, but faces risks related to competition and regulatory scrutiny that could affect demand for its services[65][67]. - The company has transformed its service portfolio to focus on digital, cloud, engineering services, and cybersecurity through organic investments and acquisitions[183]. - Wipro's strategic priorities include accelerating growth, strengthening client partnerships, and leading with business solutions[218]. - The company has increased hiring of local employees in the U.S. but faces uncertainty regarding the availability of non-immigrant worker visas, which could impact revenue[55]. Financial Performance and Profitability - The company’s profitability may be affected by increased wage pressures in India and other operational locations[32]. - Wage increases in India may diminish the company's competitive advantage and negatively impact profit margins, as historical wage costs have been significantly lower than those in the U.S. and Europe[86]. - The company’s profitability could be reduced if business growth does not keep pace with substantial investments in new facilities and infrastructure[69]. - The company’s credit rating and India’s debt rating could adversely impact its ability to raise financing and affect operational results[131]. - The company may incur substantial costs for environmental regulatory compliance and other ESG initiatives, reflecting increased focus on sustainability[138]. Regulatory and Compliance Issues - The company is subject to stringent data protection regulations, such as GDPR, which could impose significant fines for non-compliance, potentially affecting financial results[99]. - The company is facing increasing regulatory burdens related to privacy and data protection, with significant penalties for noncompliance under laws such as GDPR and CCPA[103][104]. - The California Privacy Rights Act (CPRA) took effect on January 1, 2023, modifying the CCPA and creating a new enforcement agency, which may increase operational burdens[104]. - India's Digital Personal Data Protection Act (DPDP Act) was passed in August 2023, expected to introduce substantial penalties and compliance costs[105]. - The company anticipates ongoing costs related to compliance with evolving privacy laws and regulations, which could adversely affect its financial condition and operations[106]. Market Trends and Economic Outlook - Global technology spending grew at a slower pace of 4.4% year-over-year in the calendar year ended December 31, 2023, with enterprise software and IT services being the main growth drivers[201]. - The Indian IT services sector is expected to grow by 2% year-over-year in fiscal year 2024, driven by infrastructure management, cloud-based software testing, and consulting services[203]. - Enterprises are expected to gradually improve spending in fiscal year 2025, with a focus on cost optimization and operational excellence initiatives[206]. - The engineering services sector is projected to grow at 7.4% year-over-year, focusing on digital engineering and new product development[205]. - AI-related activities have seen a 2.7x growth in industry collaborations, product launches, and enterprise GenAI strategies, indicating a significant focus on AI for IT service providers[204]. Legal and Liability Risks - The company may be subject to litigation and damages for deficient services or IP rights violations, which could adversely affect its financial position and reputation[56]. - The company may face significant liabilities from security breaches that exceed its insurance coverage, impacting its financial condition[113]. - The company maintains various insurance policies, but coverage may not be adequate for all potential losses, which could materially harm its financial results[116]. - The company is subject to various environmental laws and may incur substantial fines if held liable under these regulations[141]. - The company faces risks related to compliance with numerous legal and regulatory requirements, which could result in fines and penalties[134]. Corporate Governance and Structure - Wipro Limited has over 230,000 employees across six continents, focusing on AI and digital transformation solutions[180]. - The company emphasizes high standards of internal control over financial reporting to maintain investor confidence and comply with regulatory requirements[171]. - Wipro's commitment to corporate governance and compliance has resulted in increased administrative expenses and management focus[174]. - The company is listed on the NSE, BSE in India, and its ADSs are listed on the NYSE, being a constituent of the Nifty and NYSE TMT Indices[181]. - The company has issued US$750 million in senior unsecured notes due in 2026, bearing interest at a rate of 1.50% per annum[133].

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 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 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 ...

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 ...

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 ...

Financial Data and Key Metrics Changes - The company recorded the strongest ever bookings in FY 2023, with total contract value bookings growing over 28% year-on-year [8] - Revenues grew 11.5% year-on-year in constant currency terms, totaling $11.2 billion for the full year [8] - Operating margin for the year was 15.7%, with cash conversion at 115% of net income compared to 91% in the previous year [9] - For Q4, total bookings were $4.1 billion, with revenue up 6.5% year-on-year in constant currency terms, but a sequential decline of 0.6% [11] - Operating margin for Q4 was 16.3%, which is 60 basis points higher than the full year margin [12] - Earnings per share (EPS) for Q4 was INR 5.61, marking the third consecutive quarter of EPS expansion [13] Business Line Data and Key Metrics Changes - All four strategic market units recorded over 10% revenue growth for FY 2023 [14] - In the Americas, revenue grew 6% in Q4 and 13% for the full year, driven by healthcare and medical devices [14] - Europe market delivered 9% revenue growth in Q4 and 12% for the full year, with Southern Europe and Germany showing significant growth [16] - APMEA market unit grew 8% year-on-year in Q4 and 10% for the full year, with Southeast Asia growing about 25% [16] - Cloud transformation services grew 22% year-on-year, while Applications and Data grew 18% year-on-year [18] Market Data and Key Metrics Changes - The Americas saw a 47% year-on-year growth in total contract value bookings for Q4, while Europe saw a 33% increase [11] - The company noted softness in the banking and financial services space due to the current macro environment [15] - The share of partner bookings as a percentage of total bookings rose from 25% in FY 2020 to 44% in FY 2023 [25] Company Strategy and Development Direction - The company is focusing on a growth plan for India and has merged its step enterprise segment with IT Services starting Q1 2024 [17] - The organizational model of four strategic market units and four global business lines aims to improve market position and agility [25] - The FullStride Cloud is identified as a significant growth driver, with a dedicated global business to accelerate growth [26] Management's Comments on Operating Environment and Future Outlook - The macro environment remains challenging, impacting business and projections, with guidance for the next quarter indicating a sequential decline of 3% to 1% in constant currency [30] - Management remains positive about the volume of business and backlog despite the current uncertainties [40] - The company expects to maintain margins similar to recent quarters, focusing on revenue stability before addressing margin challenges [54] Other Important Information - The company plans a buyback of INR 12,000 crores (approximately $1.8 billion), with a buyback price set at $4.45, subject to shareholder approval [35] - The company trained over 50,000 employees in demand-driven skills over the past year, with a focus on talent transformation [28] - Attrition rates have been steadily declining, ending the quarter at 14.1% [29] Q&A Session Summary Question: What are the underlying assumptions for the guidance of -3% to -1% in constant currency? - Management indicated that the guidance reflects the performance in bookings and macro uncertainties affecting sectors like banking and insurance [37][40] Question: Why is there a low correlation between high deal bookings and revenue? - Management explained that while deal wins have been strong, discretionary spending cuts by clients are impacting revenue conversion [48][49] Question: What is the outlook for margins going forward? - Management stated that while they aim to maintain current margins, the focus is on achieving revenue stability first [54][97] Question: How is the consulting business performing amid current market conditions? - Management noted that while there is some slowdown in discretionary spending, certain areas within consulting are still seeing demand [65][74] Question: What is the company's strategy regarding cash allocation post-buyback? - Management confirmed that they will maintain a healthy cash position post-buyback, continuing to generate cash flows for future investments [60][62]

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 - ...