Wipro declare their results here are the some key points:
- – Gross Revenue reached ₹228.3 billion ($2.8 billion1), an increase of 6.0% YoY.
- – Wipro on Thursday reported a 12 per cent rise in its consolidated net profit to about Rs 2,870 crore for the June 2023 quarter.
- – AI will change the business, says Theirry Delaporte CEO of Wipro
- – Earnings Per Share for the quarter was at ₹5.23 ($0.061), an increase of 11.5% YoY
- – Operating Cash Flows at 130% of Net Income for the quarter was at ₹37.5 billion ($457.1
- million1)
Performance for the Quarter ended June 30, 2023
“Wipro’s first quarter results come with a strong backbone of large deal bookings, robust client
additions, and resilient margins,” said Thierry Delaporte, CEO and Managing Director. “Despite
a gradual reduction in clients’ discretionary spending, we maintained new business momentum.
We earned our clients’ trust with strong delivery, innovation, and expanded services that
strengthen our long-term businesses, and help capture market share. The launch of Wipro ai360
and the USD 1 billion investment solidifies Wipro’s position as a leading transformation partner
that delivers the results and innovation our clients need to future-proof their businesses.”
Jatin Dalal, Chief Financial Officer, said, “Our ongoing focus on operational improvement has
ensured that margin remains steady even in a softening revenue environment. Our operating
Margin for the first quarter was 16% an expansion of 112 basis point YoY. We generated strong
operating cash flows at 130% of our net income for the Quarter. EPS for the quarter grew by
11.5% YoY.”
Wipro Analyst Recognition
- Wipro was positioned as a Leader in IDC MarketScape: Worldwide Artificial Intelligence
Services 2023 Vendor Assessment (Doc # US49647023 May 2023) - Wipro was positioned as a Leader in Avasant’s Applied AI Services RadarView™ 2022 –
2023 - Wipro was positioned a Leader in Everest Group’s Application Automation Services PEAK
Matrix® Assessment 2023 - Wipro was rated a Leader in Everest Group’s Enterprise Blockchain Services PEAK
Matrix® Assessment 2023 - Wipro was featured as a Leader in Avasant’s Cybersecurity Services RadarView™ 2023
- Wipro was rated as a Leader in ISG Provider Lens™ – Network-Software Defined
Solutions and Services 2023 – US, UK, Germany (multiple quadrants) - Wipro was named as a Leader in ISG Provider Lens™ – ServiceNow Ecosystem Partners
2023 – US (multiple quadrants) - Wipro was recognized as a Leader in ISG Provider Lens™ – Salesforce Ecosystem
Partners 2023 – US, UK, Germany (multiple quadrants) - Wipro was recognized a Leader in Everest Group’s Intelligent Process Automation (IPA)
PEAK Matrix® Assessment 2023 - Wipro was rated as a Leader in Avasant’s Multisourcing Service Integration RadarView™
2022 – 2023
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