Wipro(US:WIT)2020-04-15 13:49Revenue Growth - IT Services revenue grew 0.4% QoQ and 2.6% YoY on a constant currency basis in Q4'20 [4] - IT Services revenue reported YoY growth of 0.4% after adjusting for divestments in Q4'20 [4] - IT Services revenue grew 3.9% YoY on a constant currency basis for FY'20 [4] - IT Services revenue reported YoY growth of 2.5% after adjusting for divestments for FY'20 [4] - Gross Revenue in INR increased by 1.6% QoQ to 157,110 million in Q4'20 [8] - Gross Revenue in INR increased by 4.7% YoY in Q4'20 [8] - Gross Revenue in INR increased by 4.2% YoY to 610,232 million for FY'20 [9] Profitability - IT Services Operating Margin decreased by 0.8% QoQ to 17.6% in Q4'20 [13] - IT Services Operating Margin decreased by 1.4% YoY in Q4'20 [13] - IT Services Operating Margin increased by 0.2% YoY to 18.1% for FY'20 [14] - Operating Profit (Wipro Ltd) decreased by 3.1% QoQ to 26,389 million INR in Q4'20 [18] - Operating Profit (Wipro Ltd) decreased by 3.4% YoY in Q4'20 [18] - Operating Profit (Wipro Ltd) increased by 5.8% YoY to 105,730 million INR for FY'20 [18] - Net Income decreased by 5.3% QoQ to 23,260 million INR in Q4'20 [22] - Net Income decreased by 6.3% YoY in Q4'20 [22] - Net Income increased by 8.0% YoY to 97,218 million INR for FY'20 [22] Cash Flow & Other Metrics - Earnings per share grew by 11.2% YoY for the year [23, 31] - Operating Cash Flow is at 60.5% of Net Income in Q4'20 [26] - Operating Cash Flow is at 103.5% of Net Income for FY'20 [26] - Free Cash Flow is at 37.3% of Net Income in Q4'20 [28] - Free Cash Flow is at 80.7% of Net Income for FY'20 [28] - The company added 5 accounts to the >$100 million+ bucket YoY [31] - Digital is now at 41.2% of the company's revenue in Q4'20 [31]