{"id":126260,"date":"2022-01-13T06:41:16","date_gmt":"2022-01-13T11:41:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=126260"},"modified":"2022-01-28T04:00:08","modified_gmt":"2022-01-28T09:00:08","slug":"wipro-q3-fy22-earnings-conference-call-summary","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wipro-q3-fy22-earnings-conference-call-summary\/","title":{"rendered":"Wipro Q3 FY22 Earnings Conference Call Summary"},"content":{"rendered":"<p><strong>Key highlights from Wipro (<a href=\"https:\/\/44.250.171.167\/symbol\/wipro\/\">WIPRO<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>WIPRO said its order books grew 27% on a YTD basis in terms of annual contract value and its bookings were the highest ever.<\/li>\n<\/ul>\n<ul>\n<li>The company also mentioned that its win rate expanded 300 basis point in Q3. And completed two acquisitions, namely Edgile and LeanSwift, developing WIPRO&#8217;s capability in cybersecurity and cloud services respectively.<\/li>\n<\/ul>\n<ul>\n<li>WIPRO&#8217;s margins remained constant or stable between Q2 and Q3 in a narrow range.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Sandeep Shah of Equirus Securities asks about the deceleration of growth in current quarter compared to last two quarters. CEO, Thierry explains the company is not seeing any deceleration of growth and had their best quarter ever in terms of bookings and there have been no lost clients or terminated deals.<\/li>\n<\/ul>\n<ul>\n<li>On Sandeeps question about organic growth and M&amp;A, Thierry said, the company does not see M&amp;A as a way to compensate organic growth.<\/li>\n<\/ul>\n<ul>\n<li>Sandeep also asks about margin outlook continuing in the band of 17%, 17.5% in the medium term (4-6 quarters). CFO Jatin, said there could be variations but that&#8217;s the range the margins are sustainable for its business.<\/li>\n<\/ul>\n<ul>\n<li>Vibhor Singhal of Phillip Capital enquired about outlook of enhancing shareholder returns by dividends or share buyback. Jatin said, the company will continue to return 50% of its net income to shareholders.<\/li>\n<\/ul>\n<ul>\n<li>Moshe Katri of Wedbush Securities asked a question about new client additions versus client renewals. Stephanie Trautman, Chief Growth Officer said they are seeing a mix of renewals and new client additions, but it&#8217;s not one that&#8217;s contributing higher to the growth.<\/li>\n<\/ul>\n<ul>\n<li>On Diviya Nagarajan of UBS&#8217; question about WIPRO&#8217;s peers reporting surprise numbers on the demand front for Q3, CEO Thierry said, that it&#8217;s due to mega deals of peers that they see surprises and that WIPRO has a strong performance in sales and has had recurring type of deals every quarter.<\/li>\n<\/ul>\n<ul>\n<li>Diviya Nagarajan of UBS&#8217; also asked about attrition and whether it will be manageable by the company. CEO Thierry said, they are expecting the level of attrition to moderate in Q4.<\/li>\n<\/ul>\n<ul>\n<li>Sumeet Jain of Goldman Sachs asked about D&amp;A expense as a percentage of sales declining sharply over the last two quarters. CFO Jatin Dalal said it&#8217;s due to some of the amortization lines that are coming to an end of its tenure. The number should accelerate a bit in Q4, as the company has two acquisitions to be integrated from 1st Jan, 2022.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"2021\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg\" alt=\"\" class=\"wp-image-126230\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg 1280w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322-190x300.jpg 190w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322-649x1024.jpg 649w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322-768x1213.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322-973x1536.jpg 973w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Wipro (WIPRO) Q3 FY22 Earnings Concall Management Update: WIPRO said its order books grew 27% on a YTD basis in terms of annual contract value and its bookings were the highest ever. The company also mentioned that its win rate expanded 300 basis point in Q3. And completed two acquisitions, namely Edgile [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":126230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[9802],"class_list":["post-126260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-outsourcing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138701,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126260,"position":0},"title":"Wipro Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 17, 2023","format":false,"excerpt":"https:\/\/youtu.be\/LM-SWC6m414 Key highlights from Wipro Limited (WIPRO) Q3 FY23 Earnings Concall Management Update: [00:04:04] WIPRO delivered its highest ever bookings quarter in total contract value terms. [00:15:19] WIPRO\u2019s attrition dropped for the fourth straight quarter with attrition dropping to 21% on a TTM basis in 3Q23. Q&A Highlights: [00:26:57] Mukul\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128727,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":126260,"position":1},"title":"Wipro Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 2, 2022","format":false,"excerpt":"https:\/\/youtu.be\/XHZbOk3hFTM Key highlights from Wipro Ltd (WIPRO) Q4 FY22 Earnings Concall Management Update: WIPRO said that through the year, the company added over 45,000 new employees on a net basis, which was the highest ever for WIPRO. The company stated that for FY23, WIPRO expects to grow in double digits\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144415,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126260,"position":2},"title":"Wipro Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"April 28, 2023","format":false,"excerpt":"https:\/\/youtu.be\/X9a4Gogi92g Key highlights from Wipro Ltd (WIPRO) Q4 FY23 Earnings Concall Management Update: [00:13:44] WIPRO said it hired over 22,000 NextGen associates in FY23, the highest-ever in its history. [00:14:17] WIPRO\u2019s attrition rates steadily declined throughout FY23, ending 4Q with a 14.1% attrition. Q&A Highlights: [00:18:47] Sudheer Guntupalli from Kotak\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":155041,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":126260,"position":3},"title":"Wipro Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 18, 2023","format":false,"excerpt":"Key highlights from Wipro Ltd (WIPRO) Q2 FY24 Earnings Concall Strong Deal Wins And Order Bookings Closed large deals worth $1.3 billion in TCV, highest in last 9 quarters and 79% YoY growth. Booked 14 deals over $30 million in TCV vs 10 last quarter. Total bookings TCV at $3.8\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":131532,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":126260,"position":4},"title":"Wipro Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 21, 2022","format":false,"excerpt":"https:\/\/youtu.be\/2A5_bq5mTNM Key highlights from Wipro Ltd (WIPRO) Q1 FY23 Earnings Concall Q&A Highlights: Moshe Katri from Wedbush Securities asked that on the Capco acquisition, if WIPRO can sustain the growth it has seen until now. Thierry Delaporte CEO said that the company can sustain the growth. Mukul Garg of Motilal\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124311,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-wipro-q1-fy22-earnings-concall\/","url_meta":{"origin":126260,"position":5},"title":"Wipro Ltd (WIPRO) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 15, 2021","format":false,"excerpt":"Wipro Ltd (NSE:WIPRO) Q1 FY22 Earnings Concall dated Jul. 15, 2021","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Wipro-Limited-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/126260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=126260"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/126260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/126230"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=126260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=126260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=126260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}