Wipro Ltd. (NYSE:WIT) Q2 2021 Earnings Conference Call - Final Transcript

Oct 13, 2020 • 09:00 am ET


Wipro Ltd. (NYSE:WIT) Q2 2021 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, good day and welcome to Wipro Limited Q2 FY '21 Quarterly Investor Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Ms. Aparna Iyer, Vice President and Corporate Treasurer. Thank you and over to you.

Aparna Iyer

Thank you, Aman. A very warm welcome to our quarter two earnings call. We will begin the call with business highlights and overview by Thierry Delaporte, our Chief Executive Officer and Managing Director, followed by a financial overview by our CFO, Jatin Dalal. Afterwards, the operator will open the bridge for question and answers with our management team.

Before Thierry starts, let me draw your attention to the fact that during this call we may make certain forward-looking statements within the meaning of Private Securities Litigation Reform Act 1995. These statements are based on management's current expectations and are associated with uncertainties and risks, which may cause the actual results to differ materially from those expected.

The uncertainties and risk factors are explained in our detailed filings with SEC. Wipro does not undertake any obligation to update the forward-looking statements to reflect events and circumstances after the date of filing. The conference call will be archived and a transcript will be made available on our website. Over to you, Thierry.

Thierry Delaporte

Yes, thank you, Aparna. So good morning, good afternoon, good evening, ladies and gentlemen. It's a true pleasure to really speak with all of you today. Since our last interaction we had in July, you know, it was a few days after I joined Wipro, there hasn't been a single day without meeting a customer. Over the last three months, I have met over 100 customers and more than 20 partners. Our customers are very clear. They appreciate our passion for innovation, they like and respect our values, our work ethic, our culture. They really perceive us as a partner who brings deep technology expertise, but also industry focus and collaborates with them to build business solutions.

When I was reflecting on all these meetings that I've had with them, I felt quite good about the quality really of the relationship built with our clients over the years, strong, based on solid common values, on trust and trust in our ability to deliver on the conviction that we know them well that they see us as a true partner working with them, helping them transforming their organizations. So the context is good. Now, let's reflect on what has happened over the last months.

There is no doubt that the context for our customers has changed enormously through the pandemic. What we are observing is that while the traditional IT services will continue to be important, the next big wave of opportunity will clearly be driven by next-generation services of cloud, digital transformation, IoT, 5G. Enterprises in