Tuesday, April 21, 2015

#Wipro Q4 IT Services revenue at $ 1774.5 ml, a sequential decrease of 1.2%

Highlights of the Results of Wipro Q4

Results for the Year ended March 31, 2015:
Total Revenues were `469.5 billion ($7.5 billion1), an increase of 8% YoY.
Net Income was `86.5 billion ($1.4 billion1), an increase of 11% YoY.

Wipro declared a final dividend of Rs7 ($0.11) per share/ADS, taking the total dividend declared for the year 2014-15 to Rs12 ($0.19) per share/ADS.

IT Services Revenue was $7,081.6 million, a YoY increase of 7.0%.
Non-GAAP Constant Currency IT Services Revenue in dollar terms grew 8.7% to $7,190.6 million.

IT Services Segment Revenues in Rupee terms was `440.2 billion ($7.1 billion1), an increase of 10% YoY.
IT Services Segment Result was `97.6 billion ($1.6 billion1), an increase of 8% YoY.
IT Services Margins for the year was 22.2%.

Results for the Quarter ended March 31, 2015:
Total Revenues were `121.4 billion ($1.9 billion1), an increase of 4% YoY.
Net Income was `22.7 billion ($366 million1), an increase of 2% YoY.
Non-GAAP constant currency IT Services Revenue in dollar terms grew 1.2% to $1,817.8 million, within our guidance range of $1,814 million to $1,850 million.
IT Services Revenue was $1,774.5 million, a sequential decrease of 1.2% and YoY increase of 3.2%.
IT Services Segment Revenues in Rupee terms was `112.4 billion ($1.8 billion1), an increase of 6% YoY.
T Services Segment Result was `24.8 billion ($398 million1), a decrease of 5% YoY.
IT Services Margins was 22.0%, an expansion of 23 bps sequentially.
Performance for the quarter and year ended March 31, 2015
T K Kurien, Member of the Board & Chief Executive Officer of Wipro, said, “We continue to execute on our
strategy and have achieved improved customer satisfaction through better articulated solutions and improved
delivery. We are well-positioned to take advantage of the opportunities in the market, while tackling headwinds
in certain areas. We see Digital, Open Source and Artificial Intelligence as key levers for driving business
change and reshaping the delivery model for the future.”
Jatin Dalal, Chief Financial Officer of Wipro, said – “We continue to maintain our focus on operational
improvements and productivity enhancements. This has resulted in margin expansion despite adverse crosscurrency
movements.”
Outlook for the Quarter ending June 30, 2015
We expect Revenues from our IT Services business to be in the range of $ 1,765 million to $ 1,793
million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.49, Euro/USD at 1.07, AUD/USD at 0.77, USD/INR at 62.10 and
USD/CAD at 1.27