Conference Call with Wipro Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Wipro announced Q3FY25 results Gross revenue was at Rs 223.2 billion (USD 2,608.9 million), an increase of 0.1% QoQ and 0.5% YoY. IT services segment revenue was at USD 2,629.1 million, decrease of 1.2% QoQ and 1.0% YoY. Non-GAAP constant currency IT Services segment revenue increased 0.1% QoQ and decreased 0.7% YoY. Total bookings was at USD 3,514 million. Large deal bookings was at USD 961 million, an increase of 6.0% YoY in constant currency. IT services operating margin for the quarter was at 17.5%, an increase of 0.7% QoQ and 1.5% YoY. Net income for the quarter was at Rs 33.5 billion (USD 392.0 million), an increase of 4.5% QoQ and 24.5% YoY. Earnings per share for the quarter was at Rs 3.21 (USD 0.04), an increase of 4.6% QoQ and 24.4% YoY. Operating cash flows of Rs 49.3 billion (USD 576.4 million), an increase of 3.0% YoY and at 146.5% of Net Income for the quarter. Voluntary attrition was at 15.3% on a trailing 12-month basis. Interim dividend declared of Rs 6 (USD 0.070) per equity share/ADS. Capital allocation policy revised to increase the payout percentage from 45% - 50% to 70% or above of the net income cumulatively on a block of 3-year period. Srini Pallia, CEO and Managing Director, said: “In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of USD 1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future.” Aparna Iyer, Chief Financial Officer, said: “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% of net income. We are pleased to share that the board has approved our revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of 3 years. In addition, board has also declared an interim dividend of Rs 6 per share.” Result PDF