Wipro Limited today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended June 30, 2018.
Highlights of the Results Results for the Quarter ended June 30, 2018:
- Gross Revenue was ₹139.8 billion ($2.0 billion1), up 1.5% sequentially and 2.6% YoY.
- IT Services Segment Revenue at ₹137.0 billion ($2.0 billion1), up 2.2% sequentially and 5.2% YoY.
- IT Services Segment Revenue in dollar terms at $2,026.5 million, down 1.7% sequentially, up 2.8% YoY.
- Non-GAAP constant currency IT Services Segment Revenue up 0.1% sequentially and 2.4% YoY.
- IT Services Margin2 for the quarter at 17.2%. This includes a gain of ₹2,529 million ($36.9 million1) from the sale of our hosted data center business in the quarter ended June 30, 2018.
- EPS for the quarter at ₹4.71 ($0.071) per share, an increase of 9.9% YoY.
Performance for the Quarter ended June 30, 2018
Abidali Z. Neemuchwala, CEO and Member of the Board said - “We have seen pickup in spending in the developed markets, particularly in North America and BFSI. Our investments in Digital continue to help us build differentiation in key industry segments, which is resulting in a consistent improvement in our client metrics. We have had a good quarter of order bookings and I am confident we are moving in the right direction.”
Jatin Dalal, Chief Financial Officer said -“We successfully concluded the sale of our hosted data center business in the quarter. We continue to improve our operating metrics and generated strong operating cash flows at 136% of our Net Income during the quarter.”
