IT services segment revenue was at USD 2,657.4 million, an increase of 0.1% QoQ and decrease of 6.4% YoY.
Non-GAAP constant currency IT Services segment revenue decreased 0.3% QoQ, and 6.6% YoY.
Total bookings was at USD 3.6 billion. Large deal bookings4 was at USD 1.2 billion, increase of 31.1% QoQ and 9.5% YoY.
IT services operating margin5 for the quarter was at 16.4%, up by 40 bps QoQ.
Net income for the quarter was at Rs 28.3 billion (USD 341.0 million), an increase of 5.2% QoQ.
Earnings per share for the quarter was at Rs 5.43 (USD 0.07), an increase of 5.2% QoQ.
Operating cash flows of Rs 52.2 billion (USD 626.1 million), an increase of 9.0% QoQ and at 182.6% of Net Income for the quarter.
Voluntary attrition was at 14.2% on a trailing 12-month basis.
FY24 Financial Highlights:
Gross revenue reached Rs 897.6 billion (USD 10.8 billion ), a decrease of 0.8% YoY.
IT services segment revenue was at USD 10,805.3 million, a decrease of 3.8% YoY.
Non-GAAP constant currency IT Services segment revenue decreased 4.4% YoY.
Large deal bookings was at USD 4.6 billion, up by 17.4% YoY. Total bookings was at USD 14.9 billion decrease of 5.5% YoY.
IT services operating margin for the year was at 16.1%, up by 50 bps YoY.
Net income for the year was at Rs 110.5 billion (USD 1,325.3 million), a decrease of 2.7% YoY.
Earnings per share for the year was at Rs 20.89 (USD 0.25), an increase of 0.8% YoY.
Operating cash flows of Rs 176.2 billion (USD 2,114.0 million), an increase of 34.9% YoY and at 158.6% of Net Income for the year.
Commenting on the results,Srini Pallia, CEO and Managing Director, said “FY24 proved to be a challenging year for our industry, and the macroeconomic environment remains uncertain. However, I am optimistic about the opportunities that lie ahead. We are on the brink of a major technological shift. Artificial intelligence is transforming our clients’ needs as they seek to harness its power for competitive advantage and enhanced business value. At Wipro, we have been gearing up for this moment. We have the capabilities, leadership, and the strength of over 230,000 Wiproites around the world to help us realize our goals. Although there’s a considerable amount of work ahead of us, I am confident that together, with our collective effort, we can pave the way for the next chapter of growth.”
Commenting on the results, Aparna Iyer, Chief Financial Officer, said “We expanded our margins by 40 basis points during the quarter resulting in EPS growth of 5.2% QoQ in Q4FY24. Despite a challenging macro-environment our IT services margin expanded by 50 basis points for the full year FY24. We generated highest operating cash flow in recent years which is at 183% of our net- income in Q4FY24 and 159% on a full year basis.”
Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the worlds first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The companys Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.
Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the worlds first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The companys Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.
Wipro share price as on 25 Apr 2024 is Rs. 459.9. Over the past 6 months, the Wipro share price has increased by 20.03% and in the last one year, it has increased by 21.68%. The 52-week low for Wipro share price was Rs. 372.05 and 52-week high was Rs. 545.9.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 04:11 PM the closing price of Wipro Ltd was ₹ 459.90.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 24, 2024 04:11 PM, the market cap of Wipro Ltd stood at ₹ 240,304.10.