![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 1 Performance for Quarter ended June 30, 2015 Jatin Dalal Senior Vice President and Chief Financial Officer July 23, 2015 Exhibit 99.2 |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 2 Financial Summary for the Quarter Ended June 30, 2015 (IFRS) Wipro Limited Q1 16 (Rs million) YoY Growth Revenues 122,376 10% Results from Operating Activities (EBIT) 24,022 1% Net Income 21,877 4% Net Income refers to ‘Profit for the period attributable to equity shareholders of the company’ Operating Cash Flow refers to ‘Net Cash generated from Operating Activities as presented in consolidated interim statements of Cash Flows Gross Cash is the sum of (i) cash and cash equivalents plus (ii) Available for Sale Investments – current, and (iii) Interest bearing deposits with corporates - current. Free Cash Flow is defined as Net cash generated from operating activities plus (i) Cash outflows on Purchase of property, plant and equipment and (ii) Proceeds from Sale of property, plant and equipment as presented in consolidated interim statements of Cash Flows. For detailed reconciliations, please refer slide 11 in appendix Revenue of the Company grew 10% YoY in the quarter. Net Income grew 4% YoY. Robust Operating & Free Cash Flow generation at 101% & 85% of Net Income respectively Gross Cash position of Rs. 276,622 million or $ 4.35 Billion |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 3 Highlights for the quarter Segments Revenue (Rs million) YoY Growth Segment Results (margin) (Rs million) YoY Growth IT Services 115,773 10% 24,279 1% IT Products 8,174 7% 139 -16% IT Services Segment USD Revenue grew by 1.1% sequentially and 3.1% on a YoY basis Number of $75 million+ accounts increased by 2 from 15 to 17 Net Headcount addition of 3,572 in the quarter For reconciliation of non-GAAP constant currency IT Services USD revenues please refer to slide 11 Addition of 36 new customers in quarter to take the total number of active customers to 1,071 IT Services Segment Margins was 21.0% for the quarter Non-GAAP constant currency IT Services Segment USD Revenue grew 0.2% QoQ and grew 8.1% YoY |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 4 IT Services - Revenue Dynamics for Quarter Ended June 30, 2015 1. Retail, Consumer Goods and Transportation grew 14.7% on a constant currency YoY basis 2. Healthcare, Life sciences and Services grew 10.3% on a constant currency YoY basis 3. Manufacturing and Hi-tech grew 10.3% on a constant currency YoY basis 1. India and Middle East grew 25.2% on a constant currency YoY basis 2. APAC and Other Emerging Markets grew 13.3% on a constant currency YoY basis 3. Americas grew 9.9% on a constant currency YoY basis Geographies 1. Product Engineering Services grew 14.0% on a YoY reported basis 2. Global Infrastructure Services grew 13.2% on a YoY reported basis 3. Wipro Analytics grew 7.6% on a YoY reported basis Service Lines The growth percentages have been calculated based on USD revenues for the Business Unit/ Service line/ Geography Business units |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 5 Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.56, Euro/USD at 1.13, AUD/USD at 0.78, USD/INR at 63.86 and USD/CAD at 1.22 Looking ahead for the quarter ending September 30, 2015 We expect the Revenue from our IT Services business to be in the range $ 1,821 million to $ 1,857 million* Jan Feb Apr May Jul Aug Sep Oct Dec 2015-16 |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 6 Supplemental Data Key Operating Metrics of IT Services |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 7 Key Operating Metrics in IT Services for the Quarter ended June 30, 2015 Particulars Q1’16 Q4’15 Q1’15 Revenue Composition Global Media & Telecom 13.2% 13.5% 14.3% Finance Solutions 26.8% 26.5% 26.7% Manufacturing & Hitech 18.6% 18.3% 18.2% Healthcare, Life Sciences & Services 11.2% 11.7% 10.8% Retail, Consumer Goods & Transportation 15.0% 14.5% 14.0% Energy, Natural Resources & Utilities 15.2% 15.5% 16.0% Geography Composition Americas 52.5% 51.7% 49.8% Europe 25.6% 26.3% 29.6% India & Middle East Business 10.6% 10.7% 9.1% APAC & Other Emerging Markets 11.3% 11.3% 11.5% People related Number of employees 161,789 158,217 147,452 |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 8 Thank You Jatin.Dalal@wipro.com Jatin Dalal Senior Vice President & Chief Financial Officer |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 9 Appendix |
![]() © 2015 WIPRO LTD | WWW.WIPRO.COM 10 Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR millions) As of Jun 30, 2015 Computation of Gross cash position Cash and cash equivalents 132,937 Available for sale investments - current 110,585 Interest bearing deposits with corporates - current 33,100 Total 276,622 WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR millions) Three months ended Jun 30, 2015 Profit for the period [A] 21,877 Computation of Free cash flow Net cash generated from operating activities 21,995 Add/(deduct) cash inflow/(outflow) on : Purchase of Property,plant and equipment (3,401) Proceeds from sale of Property,plant and equipment 95 Free cash flow attributable to equity holders of the company [B] 18,689 Free cash flow as a percentage of Net income [B/A] 85% Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) IT Services Revenue as per IFRS $ 1,794 IT Services Revenue as per IFRS $ 1,794 Effect of Foreign currency exchange movement $ (16) Effect of Foreign currency exchange movement $ 87 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,778 Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates $ 1,881 Reconciliation of Free Cash Flow Reconciliation of Non-GAAP constant currency Revenue |