{"id":128727,"date":"2022-05-02T03:43:58","date_gmt":"2022-05-02T07:43:58","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128727"},"modified":"2022-10-06T03:30:25","modified_gmt":"2022-10-06T07:30:25","slug":"wipro-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Wipro Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Wipro Ltd Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/XHZbOk3hFTM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Wipro Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/WIPRO\/\">WIPRO<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>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.<\/li>\n<\/ul>\n<ul>\n<li>The company stated that for FY23, WIPRO expects to grow in double digits and margins for the medium term is expected to hold in the 17-17.5% band. However, for the next 2-3 quarters, WIPRO expects to see slightly lower margins.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Kumar Rakesh from BNP Paribas asked about the operations of Rizing acquisition. Rajan Kohli MP said that Rizing business will operate under the Application and Data business, adjacent to the SAP business. The idea is to drive synergies between Rizing and Wipro\u2019s existing SAP business and go to market. WIPRO will continue to serve existing clients of Rizing and look for cross-sell opportunities.<\/li>\n<\/ul>\n<ul>\n<li>Kumar Rakesh from BNP Paribas also enquired about the growth outlook of 1-3% and how WIPRO is seeing growth panning out throughout the year. Thierry Delaporte CEO replied that the reality is that it continues to be a solid growth for 7 quarters now. And 1-3% is the level where WIPRO feels it is comfortable for Q1. The pipeline is solid.<\/li>\n<\/ul>\n<ul>\n<li>Ravi Menon from Macquarie asked about the nature of WIPRO\u2019s guidance and seasonality. Thierry Delaporte CEO answered that looking at seasonality Q after Q, the sequence show growth of 5 or 6 of the competitors and WIPRO. And WIPRO have been one of companies to be consistently above 3% every quarter. It added that it\u2019s still talking about growth and has the same level of confidence it had several quarters ago.<\/li>\n<\/ul>\n<ul>\n<li>Ravi Menon from Macquarie asked about the rough proportion of revenue that engineering services contributes. Thierry Delaporte CEO said that engineering services is a significant practice for WIPRO and it has gained real scale. It is a little over 10% of WIPRO\u2019s revenues.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Rateria of Morgan Stanley asked how the company is managing supply challenges in the near term. Jatin Dalal CFO replied that the growth is absolutely front and center to WIPRO\u2019s strategy and to its execution as it looks at FY23.<\/li>\n<\/ul>\n<ul>\n<li>Pankaj Kapoor from CLSA queried about the outlook for the Capco business, given the current macro headwinds in Europe. Thierry Delaporte CEO answered that outlook continues to be really solid. Pipeline is strong. Looking at the bookings for 4Q, it\u2019s been the biggest ever they\u2019ve done. So it\u2019s really looking good for Capco.<\/li>\n<\/ul>\n<ul>\n<li>Pankaj Kapoor from CLSA asked about the order book and quantitative or qualitative commentary in terms of how that has grown on a TCV way. Thierry Delaporte CEO answered that on the quality of order book, about 40% of WIPRO\u2019s order book today is coming from cloud. And it\u2019s good because this market continues to expand. And also, about 50% of the deals WIPRO closed in 4Q have been in partnership with some of its larger partners.<\/li>\n<\/ul>\n<ul>\n<li>Pankaj Kapoor with CLSA also asked that give the investment and wage pressures in 1H23, if margins would be at risk overall in FY23. \u00a0Jatin Dalal CFO replied that it\u2019s difficult to look at future. However, added that WIPRO will be slightly lower than the margin corridor discussed earlier for next two, three quarters.<\/li>\n<\/ul>\n<ul>\n<li>Dipesh Mehta of Emkay Global clarified if the double digit revenue growth guidance is organic or acquisition closed so far. Thierry Delaporte CEO clarified that the guidance for growth is organic and is based on the perimeter as of today, the acquisitions that are closed.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 and margins for the medium term [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"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":[9825,6352,8],"tags":[9007,6100],"class_list":["post-128727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-research-summary","category-technology-stocks","tag-information-technology-services","tag-software-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":41715,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-wit-q2-2020-earnings-snapshot\/","url_meta":{"origin":128727,"position":0},"title":"Wipro Limited (WIT): Q2 2020 Earnings Snapshot","author":"Toby","date":"October 15, 2019","format":false,"excerpt":"-- Wipro Limited (NYSE: WIT) reported second-quarter 2020 earnings of $0.06 per share, in line with Wall Street projection -- Revenues grew 4% to $2.14 billion, vs. $2.13 billion expected. -- In Q2, IT Services revenue grew 2.5% to $2.05 billion. -- Wipro expects IT Services revenue to be $2.065\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Earnings Update by AlphaStreet","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":134637,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128727,"position":1},"title":"Wipro Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 13, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ThJtaaEEh18 Key highlights from Wipro Ltd (WIPRO) Q2 FY23 Earnings Concall Management Update: [00:14:41] WIPRO said its attrition has continued to moderate for the third quarter in a row, down to 23% in 2Q23 and the company expects it to moderate further in 3Q23. [00:16:15] The company is certain to\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":149153,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q1-fy24-earnings-conference-call-insights\/","url_meta":{"origin":128727,"position":2},"title":"Wipro Ltd Q1 FY24 Earnings Conference Call Insights","author":"Praveen","date":"July 14, 2023","format":false,"excerpt":"Key highlights from Wipro Ltd (WIPRO) Q1 FY24 Earnings Concall Management Update: [00:07:10] WIPRO announced a $1 billion investment in AI and launched a new AI-first innovation ecosystem called Wipro ai360. [00:12:46] WIPRO said it is seeing solid demand in high-growth areas, like cloud transformation. [00:14:50] WIPRO\u2019s attrition has continued\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":128727,"position":3},"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":[]},{"id":126260,"url":"https:\/\/alphastreet.com\/india\/wipro-q3-fy22-earnings-conference-call-summary\/","url_meta":{"origin":128727,"position":4},"title":"Wipro Q3 FY22 Earnings Conference Call Summary","author":"Staff Correspondent","date":"January 13, 2022","format":false,"excerpt":"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\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\/2022\/01\/Wipro-LimitedQ322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Wipro-LimitedQ322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":138701,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128727,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128727","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\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128727"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}