Thursday, April 26, 2018

Weak revenue guidance disappoints investors in @Wipro in Q4


Highlights of the Results

Results for the Year ended March 31, 2018:
 Gross Revenue was ₹544.9 billion ($8.4 billion1), a decline of 1.0% YoY.
 IT Services Segment Revenue was $8,060.2 million, an increase of 4.6% YoY.
 Non-GAAP constant currency IT Services Segment Revenue grew 2.9% YoY.
 IT Services Segment Revenue in Rupee terms remained flat at ₹528.4 billion ($8.1 billion1).
 IT Services Margin was 15.8%. Excluding the impact of insolvency of two customers and the impairment
loss in one of our acquisitions, IT Services Margin for the year was 16.8%*.
 Net Income3 was ₹80.1 billion ($1.2 billion1), a decrease of 5.7% YoY.
Results for the Quarter ended March 31, 2018:
 Gross Revenue was ₹137.7 billion ($2.1 billion1), an increase of 0.7% sequentially.
 IT Services Segment Revenue in dollar terms was $2,062.0 million, up 2.4% sequentially and 5.5% YoY.
 Non-GAAP constant currency IT Services Segment Revenue grew 1.1% sequentially and 2.5% YoY.
 IT Services Segment Revenue in Rupee terms at ₹134.1 billion ($2.1 billion1), an increase of 1.3%
sequentially.
 IT Services Margin for the quarter was 14.4%. Excluding the impact of insolvency of a customer and the
impairment loss in one of our acquisitions, IT Services Margin for the quarter was 16.0%*.
 Net Income3 for the quarter was ₹18.0 billion ($277 million1).
Performance for the quarter and year ended March 31, 2018
Abidali Z. Neemuchwala, CEO and Member of the Board said - “Our investments in Digital and our efforts in client mining are paying off well. Our strong order bookings in the last two quarters provide  us the right foundation to grow as we progress through the year.”