{"id":131532,"date":"2022-07-21T09:35:40","date_gmt":"2022-07-21T13:35:40","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131532"},"modified":"2022-10-06T04:35:38","modified_gmt":"2022-10-06T08:35:38","slug":"wipro-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wipro-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Wipro Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Wipro Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/2A5_bq5mTNM?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>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>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.<\/li>\n<\/ul>\n<ul>\n<li>Mukul Garg of Motilal Oswal asked about the growth in the consulting business from a cost aspect for the next one year. Thierry Delaporte CEO said that at WIPRO, the consulting business is very much connected with the technology business. Consulting is an integral part of WIPRO\u2019s go-to-market strategy.<\/li>\n<\/ul>\n<ul>\n<li>Mukul Garg of Motilal Oswal also enquired about how the wage cycle play out after the shift to the quarterly promotion cycle. Jatin Dalal CFO said the company is not making any shift. WIPRO has said it will give wage increases on September 1 and given the promotions from July 1. And these are the areas of investment for Q2.<\/li>\n<\/ul>\n<ul>\n<li>Kumar Rakesh from BNP Paribas asked when does the company expect its business to get back to the 17% to 17.5% margin. Jatin Dalal CFO replied that the company had said that it will be away from the range of 17% to 17.5% for a few quarters. However, the endeavor would be to come back to the guided range.<\/li>\n<\/ul>\n<ul>\n<li>Kumar Rakesh from BNP Paribas asked that on the Copco acquisition if the company is still seeing the benefit yet to accrue from that acquisition in the BFSI space. Thierry Delaporte CEO replied that the BFSI business is growing 24% YonY. So after a year, WIPRO can say it\u2019s a success giving a decent growth.<\/li>\n<\/ul>\n<ul>\n<li>Sandeep Shah with Equirus Securities asked about the reason the revenue per employee on a YoY basis, going down by 8% in the IT services. Jatin Dalal CFO replied that the overall offshoring trend continues to be favorable to WIPRO and the realization is one-third in India which has played out in terms of IT Services.<\/li>\n<\/ul>\n<ul>\n<li>Nitin Padmanabhan from Investec asked about the reason for weakness in organic growth in 1Q23. Thierry Delaporte CEO answered that for six quarters, WIPRO has guided every quarter between 2% and 4% of growth. And delivered north of the guidance or above it. In 1Q23 it was a bit less of 1-3% due to new deals starting or the due to the very nature of the deals.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Rateria from Morgan Stanley enquired that of the 18 large deals, how much of that was led by improved win ratio and overall market being strong. Stephanie Trautman Chief Growth Officer replied that WIPRO\u2019s win rates are up and its seeing a lot of momentum in the market.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Rateria from Morgan Stanley also asked about contractual profitability, if something has changed due to margins coming down. Stephanie Trautman Chief Growth Officer said that on margins, WIPRO is seeing margin pressure on more commoditized type services. But as WIPRO continues to position itself better as an orchestrator for its clients, margin improvements are anticipated.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Rateria from Morgan Stanley asked about factors driving Europe growth declining. Jatin Dalal CFO said that the reason for a slightly muted growth is because Europe had great growth in 1Q22, but WIPRO remains confident with deal wins seen in 1Q23 as how Europe will pan out in 2Q23.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Wipro Ltd (WIPRO) Q1 FY23 Earnings Concall Q&amp;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 Oswal asked about the growth in [&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":"Wipro Ltd Q1 FY23 Earnings Conference Call Insights #WIPRO #Q1 #FY23","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":[5075,8532],"class_list":["post-131532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-it-services","tag-technology"],"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":134637,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131532,"position":0},"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":138701,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131532,"position":1},"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":144415,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131532,"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":149153,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q1-fy24-earnings-conference-call-insights\/","url_meta":{"origin":131532,"position":3},"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":128727,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131532,"position":4},"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":132690,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-wipro-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":131532,"position":5},"title":"Wipro Ltd (WIPRO) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"July 20, 2022","format":false,"excerpt":"Wipro Ltd\u00a0 \u00a0(NSE: WIPRO)\u00a0Q1 FY23 Earnings Concall dated Jul. 20, 2022 Corporate Participants: Aparna C. Iyer\u00a0\u2014\u00a0Vice President of Finance, Corporate Treasurer and Investor Relations Thierry Delaporte\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Jatin Dalal\u00a0\u2014\u00a0Chief Financial Officer Stephanie Trautman\u00a0\u2014\u00a0Chief Growth Officer Analysts: Moshe Katri\u00a0--\u00a0Wedbush Securities -- Analyst Mukul Garg\u00a0--\u00a0Motilal Oswal Financial Services\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.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\/131532","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=131532"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131532\/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=131532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}