EX-99.2 3 d216158dex992.htm EX-99.2 EX-99.2

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Exhibit 99.2


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Performance for Quarter ended June 30, 2016 Jatin Dalal Senior Vice President and Chief Financial Officer July 19, 2016


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Financial Summary for the Quarter Ended June 30, 2016 (IFRS) Wipro Limited Q1 17 (Rs crores) YoY Growth Revenues 13,599 11% Results from Operating Activities (EBIT) 2,285 -5% Gross Cash is the sum of (i) cash and cash equivalents plus (ii) Investments – Current. For detailed reconciliations, please refer slide 10 in appendix 1 crores=10 million Revenue of the Company grew 11% YoY in the quarter. IT Services Segment Revenue was Rs 13,109 crore, an increase of 13% YoY Gross Cash position was Rs. 32,211 crores or $ 4.77 Billion


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Highlights for the quarter Net Headcount addition of 951 in the quarter. Headcount now stands at 173,863. For reconciliation of non-GAAP constant currency IT Services USD revenues please refer to slide 10 Segment Profit refers to Segment Results 1 crores= 10 million IT Services Segment Margins was 17.8%, after considering the impact of salary increase and the effect of consolidation of our acquired entities for the full quarter. Non-GAAP constant currency IT Services Segment USD Revenue grew 2.0% QoQ and grew 9.5% YoY. Customer Bucket of “>$75 Mn accounts” has increased by 1 and “>$10 Mn accounts” has increased by 10 Gross Utilization has increased by 176 bps to 69.9%.


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IT Services - Revenue Dynamics for Quarter Ended June 30, 2016 Healthcare, Life Sciences & Services grew 46.6% on a constant currency YoY basis Communications grew 14.6% on a constant currency YoY basis Finance Solutions grew 5.5% on a constant currency YoY basis Vertical Europe grew 10.2% on a constant currency YoY basis Americas grew 10.1% on a constant currency YoY basis India and Middle East grew 8.7% on a constant currency YoY basis Geographies Business Process Service grew 48.7% on a YoY reported basis Analytics grew 7.1% on a YoY reported basis Global Infrastructure Services grew 7.0% on a YoY reported basis Business units Service Lines The growth percentages have been calculated based on USD revenues for the Business Unit/ Service line/ Geography


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Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.46, Euro/USD at 1.13, AUD/USD at 0.74, USD/INR at 67.12 and USD/CAD at 1.29 Looking ahead for the quarter ending September 30, 2016 We expect the Revenue from our IT Services business to be in the range of $ 1,931 million to $ 1,950 million* Jan Feb Apr May Jun Jul Aug Sep Oct Nov Dec 2016-17 Mar


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Supplemental Data Key Operating Metrics of IT Services


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Key Operating Metrics in IT Services for the Quarter ended June 30, 2016 Particulars Particulars Q1’17 Q4’16 Q1’16 Revenue Composition Communications 7.6% 7.7% 7.4% Finance Solutions 25.6% 25.4% 26.8% Manufacturing & Technology 22.5% 23.2% 23.2% Healthcare, Life Sciences & Services 15.3% 13.3% 11.2% Consumer 15.8% 16.4% 16.2% Energy, Natural Resources & Utilities 13.2% 14.0% 15.2% Geography Composition Americas 53.5% 52.5% 52.5% Europe 25.4% 25.6% 25.6% India & Middle East Business 10.4% 11.0% 10.6% APAC & Other Emerging Markets 10.7% 10.9% 11.3% People related Headcount 173,863 172,912 161,789


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Thank You Jatin.Dalal@wipro.com Jatin Dalal Senior Vice President & Chief Financial Officer


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Appendix


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Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores)   As of   June 30, 2016 Computation of Gross cash position   Cash and cash equivalents 12,444 Investments - Current 19,767 Total 32,211 WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores)   Three months ended   June 30, 2016 Profit for the period [A] 2,052     Computation of Free cash flow   Net cash generated from operating activities 1,444 Add/(deduct) cash inflow/(outflow) on :       Purchase of Property,plant and equipment (468) Proceeds from sale of Property,plant and equipment 4 Free cash flow attributable to equity holders of the company [B] 980 Free cash flow as a percentage of Net income [B/A] 48%     Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended June 30, 2016 Three months ended June 30, 2016 IT Services Revenue as per IFRS $1,930.8 IT Services Revenue as per IFRS $1,930.8 Effect of Foreign currency exchange movement $ (10.9) Effect of Foreign currency exchange movement $ 34.2 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,919.9   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,965.0 Reconciliation of Free Cash Flow Reconciliation of Non-GAAP constant currency Revenue 1 crores=10 million


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