EX-99.2 3 d478209dex992.htm EX-99.2 EX-99.2

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Performance for Quarter ended September 30, 2017 Jatin Dalal Chief Financial Officer October 17, 2017 Exhibit 99.2


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Financial summary for the quarter ended September 30, 2017 All figures based on IFRS Q2’18 ( crores) Sequential Growth IT Services Revenue 13,169 1.1% Results from Operating Activities (EBIT) 2,278 4.0% Profit After Tax (PAT) 2,192 5.5% 1crore= 10million PAT refers to Profit for the period, attributable to equity holders of the Company Our Gross cash at September 30, 2017 was at ₹38,447 crores. IT Services Margin for the quarter expanded 48 bps to 17.3%. IT Services Revenue crossed $2.0 billion for the quarter IT Services Revenues in dollar terms grew 2.1% and 0.3% in constant currency sequentially Announced the acquisition of Cooper, a design & business consultancy to accelerate the expansion of digital capability in North America


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Highlights for the quarter The number of customers in >50 buckets increased from 36 to 39. Opened a local innovation center in Mt View, California. 50+ client CXOs have visited in the first 50 days We trained 12,000 employees on digital skills. Digital revenues at 24.1% of IT Services revenues, now forms nearly a quarter of our IT Services business. Gross Utilization has expanded by 90 bps sequentially to end Q2 at 72.9% Generated productivity of 2,500 people in the L2 and above bucket leveraging Wipro HOLMESTM Top Ten accounts accelerated momentum by growing 4.9% sequentially.


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IT Services - Revenue Dynamics forquarter ended September 30, 2017 Europe grew 5.8% sequentially and 9.8% YoY on reported currency. APAC and Other emerging markets grew 7.4% sequentially and 10.8%YoY on reported currency Geographies Financial Services grew 5.1% sequentially and 13.6% YoY on reported currency. Manufacturing & Technology grew 3.4% sequentially and 6.9% YoY on reported currency. Business units Services Application services grew 1.4% sequentially and 9% YoY on a reported currency basis Global Infrastructure Services grew 3.5% sequentially and 6.0% YoY on a reported currency basis


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Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.19, AUD/USD at 0.81, USD/INR at 64.26 and USD/CAD at 1.23. Looking ahead for the quarter ending December 31, 2017 We expect the Revenue from our IT Services business to be in the range of $ 2,014 million to $2,054 million*. Jan Feb Apr May Jun Jul Aug Sep Oct Nov Dec 2017-18 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 September, 2017 Particulars Q2’18 Q1’18 Q2’17 Revenue Composition Communications 6.5% 6.8% 7.5% Finance Solutions 27.6% 26.7% 25.5% Manufacturing & Technology 22.8% 22.5% 22.4% Healthcare, Life Sciences & Services 13.7% 14.8% 16.0% Consumer 15.9% 15.8% 15.7% Energy, Natural Resources & Utilities 13.5% 13.4% 12.9% Geography Composition Americas 53.6% 54.5% 54.8% Europe 25.1% 24.2% 24.0% India & Middle East Business 9.9% 10.4% 10.4% APAC & Other Emerging Markets 11.4% 10.9% 10.8% People related Employee Count 163,759 166,790 159,791


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Thank You Jatin.Dalal@wipro.com Jatin Dalal Chief Financial Officer


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Appendix


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Reconciliation of Selected GAAP measures to Non-GAAP measures WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores)   As of   September 30, 2017 Computation of Gross cash position   Cash and cash equivalents 5,141 Investments - Current 33,306 Total 38,447 WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores)   Three months ended Half year ended   September 30, 2017 September 30,2017 Profit for the period [A] 2,192 4,268     Computation of Free cash flow     Net cash generated from operating activities 1,734 4,690 Add/(deduct) cash inflow/(outflow) on :     Purchase of Property, plant and equipment (542) (962) Proceeds from sale of Property, plant and equipment 3 69 Free cash flow [B] 1,195 3,797 Free cash flow as a percentage of Net income [B/A] 55% 89%     Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended September 30, 2017 Three months ended September 30, 2017 IT Services Revenue as per IFRS $2013.5 IT Services Revenue as per IFRS $2,013.5 Effect of Foreign currency exchange movement $ (36.6) Effect of Foreign currency exchange movement $ (44.1) Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,976.9   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,969.4 Reconciliation of Non-GAAP constant currency Revenue Reconciliation of Gross Cash Reconciliation of Free Cash Flow