Wipro Limited (NYSE:WIT) Q4 2022 Earnings Conference Call April 29, 2022 10:00 AM ET Company Participants Aparna Iyer - Vice President and Corporate Treasurer Thierry Delaporte - Chief Executive Officer Rajan Kohli - Managing Partner, iDEAS Business Line Jatin Dalal - Chief Financial Officer Stephanie Trautman - Chief Growth Officer Conference Call Participants Kumar Rakesh - BNP Paribas Ravi Menon - Macquarie Group Gaurav Rateria - Morgan Stanley Pankaj Kapoor - CLSA Ltd. Dipesh Mehta - Emkay Global Financ ...

Financial Performance for the Quarter and Year ended March 31, 2022 Jatin Dalal Chief Financial Officer Wipro Limited Revenue for the Quarter $ 2.72 Bn IT Services Revenue | USD ₹ 208.6 Bn Gross Revenue | INR IT services Growth on Constant Currency Basis: QoQ: 3.1% YoY: 28.5% $ Mn INR Mn © 2 ...... | --- | --- | --- | |--------------------------------------------------------------|------------------------------------------------------------|--------| | | | | | Revenue for the Year | | $ Mn | | $ 10.4 Bn | | ...

| | Notes | As at March 31, 2021 | As at December 31, 2021 | | | --- | --- | --- | --- | --- | | | | | | Convenience translation into US | | | | | | dollar in millions (unaudited) Refer to Note 2(iii) | | ASSETS | | | | | | Goodwill | 6 | 139,127 | 242,945 | 3,266 | | Intangible assets Property, plant and equipment | 6 4 | 13,085 85,192 | 44,320 90,248 | 596 1,213 | | Right-of-Use assets | 5 | 16,420 | 18,445 | 248 | | Financial assets | | | | | | Derivative assets | 17 | 16 | 35 | ^ | | Investments | 8 | 1 ...

Wipro Limited (NYSE:WIT) Q3 2022 Earnings Conference Call January 12, 2022 8:45 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 Shah - Equirus Securities Vibhor Singhal - Phillip Capital Moshe Katri - Wedbush Securities Diviya Nagarajan - UBS Sandip Agarwal - Edelweiss Sumeet Jain - Goldman Sachs ...

Financial Performance - IT Services Revenue reached $2.64 billion[2] - IT Services demonstrated QoQ growth of 3.0% and YoY growth of 28.5% on a constant currency basis[2] - IT Services Operating Margin was 17.6%[3] - Operating Profit (Wipro Ltd) was ₹35.5 billion[3] - Net Income was ₹29.7 billion[5] - Earnings Per Share (EPS) was ₹5.43[5] - Net Income YoY growth was 0.1% and EPS YoY growth was 4.2%[5] Customer & Deal Highlights - The number of customers in the >$100 million account category increased from 10 to 17 YoY[9] - The number of customers in the >$75 million account category increased from 24 to 29 YoY[9] - The number of customers in the >$50 million account category increased from 38 to 47 YoY[9] - Order book in ACV terms grew 27% on a year-to-date basis[9] - The company closed 11 large deals, resulting in a TCV of over $600 million[9] Cash Flow - Free Cash Flow as a percentage of Net Income was 82.4% for the quarter and 79.1% for the nine-month period[13] Outlook - The company expects revenue from its IT Services business to be in the range of $2.692 billion to $2.745 billion for the quarter ending March 31, 2022, representing QoQ growth of 2.0% to 4.0%[11]

Wipro Limited. (NYSE:WIT) Q2 2022 Earnings Conference Call October 13, 2021 9:45 AM ET Company Participants Aparna Iyer - Vice President and Corporate Treasurer Thierry Delaporte - Chief Executive Officer and Managing Director Jatin Dalal - Chief Financial Officer Saurabh Govil - President and Chief HR Officer Stephanie Trautman - Chief Growth Officer Conference Call Participants Diviya Nagarajan - UBS Mukul Garg - Motilal Oswal Sandip Agarwal - Edelweiss Apurva Prasad - Elara Capital Gaurav Rateria - Morga ...

Public Financial Performance for the Quarter ended June 30, 2021 Jatin Dalal Chief Financial Officer Wipro Limited | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|-----------------------------------------------------------------------|-------|-------|--------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | Revenue for the Quarter | | | | $ Mn | | | | | $ 2.41 Bn ₹ 182.5 Bn IT Services Revenue \| USD Gross Revenue \| INR ...

Wipro Limited (NYSE:WIT) Q1 2022 Earnings Conference Call July 15, 2021 9:45 AM ET Company Participants Aparna Iyer - Vice President and Corporate Treasurer Thierry Delaporte - Chief Executive Officer and Managing Director Jatin Dalal - Chief Financial Officer Saurabh Govil - President and Chief HR Officer Conference Call Participants Sudheer Guntupalli - ICICI Securities Sandip Agarwal - Edelweiss Nitin Padmanabhan - Investec Dipesh Mehta - Emkay Global Kawaljeet Saluja - Kotak Sumeet Jain - Goldman Sachs ...

Financial Performance - Total revenues for the year ended March 31, 2021, were ₹619,430 million, representing a 1.9% increase from ₹610,232 million in the previous year[27] - Gross profit for the same period was ₹196,225 million, up from ₹174,147 million, indicating a growth of 12.7%[27] - Profit for the year from continuing operations reached ₹108,662 million, a 10.2% increase compared to ₹97,713 million in the prior year[27] - Basic earnings per equity share attributable to equity shareholders of the Company for continuing operations was ₹19.11, up from ₹16.67, reflecting a growth of 8.6%[28] - Total equity for the year was ₹554,593 million, compared to ₹559,333 million in the previous year, showing a decrease of 0.1%[28] - The company reported finance and other income of ₹20,912 million for the year, down from ₹24,081 million[27] Cash and Assets - Cash and cash equivalents as of March 31, 2021, were ₹144,499 million, a decrease from ₹158,529 million in the previous year[28] - Total assets as of March 31, 2021, amounted to ₹831,434 million, slightly up from ₹817,062 million[28] IT Services Segment - The IT Services segment generated revenues of ₹605,815 million, an increase from ₹593,798 million, marking a growth of 2.0%[28] - Approximately 59% of IT Services segment revenue is derived from the Americas, including the United States, and 27% from Europe[50] - The company reorganized its IT Services segment into four Strategic Market Units (SMUs) effective from the year ended March 31, 2021[6] - Revenue from the sale of traded cloud-based licenses is no longer reported in IT Services revenue starting from the year ended March 31, 2021[6] Client Dependency and Market Risks - The largest client accounted for 3.1% of IT Services revenue for the year ended March 31, 2021, while the top ten clients represented approximately 19.5% of IT Services revenues for the same period[42] - The company experienced fluctuations in revenue and operating results due to dependency on a limited number of clients[42] - Economic conditions in the Americas and Europe significantly impact the company's business performance, with potential reductions in IT spending during economic downturns[50] Investment and Infrastructure - The company is making substantial investments in new facilities and infrastructure, which could affect profitability if business growth does not keep pace[37] - The company has invested ₹ 19,577 million ($267.7 million) in property, plant, and equipment in fiscal year 2021, with additional contractual commitments of ₹ 7,490 million ($102.4 million) for capital expenditures[78] Regulatory and Compliance Risks - The company faces risks from increased governmental regulations in key industries such as financial services and healthcare, which may adversely affect revenue and profitability[52] - The company’s international operations are subject to geopolitical risks, including trade restrictions and compliance with various national laws, which could impact operating results[54] - Compliance with stringent and changing laws related to privacy and data protection is critical, as failure to comply could result in significant costs and harm to reputation[109] Talent and Workforce Challenges - The company may experience challenges in attracting and retaining talent due to restrictive changes in immigration laws, potentially leading to revenue decline[60] - The company faces significant competition for skilled professionals, impacting its ability to attract and retain personnel, which could lead to a decline in revenue[104] - Costs associated with recruiting and training employees are substantial, and failure to manage employee hiring and attrition could adversely affect financial condition[105] Cybersecurity and Operational Risks - The company faces increasing cybersecurity threats, including unauthorized access and malware, which could lead to financial loss and reputational damage[126] - The company has enhanced cybersecurity measures in response to COVID-19, installing secure agents in systems to support remote work[131] - Natural disasters pose risks to the company’s operations, potentially causing significant financial losses and impacting client engagements[144] Market and Economic Conditions - The company’s revenues are highly dependent on technology spending by clients, which may decline in challenging economic environments[46] - The COVID-19 pandemic has significantly impacted the company's business, leading to reduced customer spending and operational disruptions[195] - The IT services industry is expected to move to hybrid work models, impacting hiring, team structures, compliance, and cybersecurity[222] Acquisitions and Investments - The company completed several mergers and acquisitions in the last three fiscal years, including the acquisition of Capco, a global management and technology consultancy[215] - Future acquisitions may not meet expectations, potentially leading to losses and dilution of shareholder value[82] - The company may invest in non-controlling interests in early-stage companies, which carry significant risks and may not yield desired financial returns[79] Taxation and Financial Regulations - The effective tax rate may increase as companies can no longer set up new units in Special Economic Zones (SEZs) in India, which previously provided significant tax incentives[157] - The company is subject to a Minimum Alternate Tax (MAT) at a fixed rate of approximately 17.47% on net profits, which could adversely affect financial results if the MAT rate increases[158] - Changes in taxation laws, such as the increase in corporate tax rates in the UK from 19% to 25% effective 2023, could materially affect effective tax rates[165] Brand and Reputation Risks - The company’s brand reputation is critical for business expansion, and any reputational issues could materially impact operating results[135] - Negative media coverage can adversely affect the prices of equity shares and ADSs, impacting investor confidence and share price[177]

Wipro Ltd. (NYSE:WIT) Q4 2021 Earnings Conference Call April 15, 2021 9:45 AM ET Corporate Participants Aparna Iyer - VP, Finance, Corporate Treasurer and IR Thierry Delaporte - Managing Director and Chief Executive Officer Jatin Dalal - President and Chief Financial Officer Saurabh Govil - President and Chief HR Officer Conference Call Participants Sudheer Guntupalli - ICICI Securities Moshe Katri - Wedbush Manik Taneja - JM Financial Dipesh Mehta - Emkay Global Nitin Padmanabhan - Investec Sandeep Shah - ...