{"id":138701,"date":"2023-01-17T07:28:29","date_gmt":"2023-01-17T12:28:29","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138701"},"modified":"2023-01-17T07:31:37","modified_gmt":"2023-01-17T12:31:37","slug":"wipro-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wipro-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Wipro Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Wipro Limited Q3 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/LM-SWC6m414?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 Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/WIPRO\/\">WIPRO<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:04:04] WIPRO delivered its highest ever bookings quarter in total contract value terms.<\/li>\n<\/ul>\n<ul>\n<li>[00:15:19] WIPRO\u2019s attrition dropped for the fourth straight quarter with attrition dropping to 21% on a TTM basis in 3Q23.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:26:57] Mukul Garg from Motilal Oswal asked about the drivers of flattening employee cost over the last few quarters. Jatin Dalal CFO answered that the main reason is WIPRO has improved managing its supply chain. Secondly, attrition is lower. And thirdly, WIPRO has released a lot of efficiency gains from its fixed priced projects.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:19] Gaurav Rateria from Morgan Stanley enquired about the percentage of renewals in TCV and if it\u2019s consistent for last few quarters. Thierry Delaporte CEO answered that there is a healthy balance between the new and renewals.<\/li>\n<\/ul>\n<ul>\n<li>[00:38:30] Nitin Padmanabhan with Investec asked about the dynamics at play at Europe and other geographies. Thierry Delaporte CEO said that in Europe the company continues to grow and has nice deals. WIPRO expects to continue to gain market share in Europe.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:15] Ravi Menon from Macquarie asked about the deal pipeline, if it could get softer next quarter. Thierry Delaporte CEO said that WIPRO believes it will be another solid quarter in terms of bookings.<\/li>\n<\/ul>\n<ul>\n<li>[00:53:49] Manik Taneja of Axis Capital asked about the margin improvement trajectory and the timeline WIPRO will be getting back to 18%,19% EBIT margin. Jatin Dalal CFO said WIPRO made substantive move in margin in 3Q and WIPRO will protect this base going forward. However, these are not the margins WIPRO is satisfied with.<\/li>\n<\/ul>\n<ul>\n<li>[00:58:11] Dipesh Mehta from Emkay Global asked about the gross deal cancellation or termination in the quarter. Thierry Delaporte CEO replied that WIPRO has not lost any single client. Also, there has been no termination or anything.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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&amp;A Highlights: [00:26:57] Mukul Garg from Motilal Oswal asked about [&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 Limited Q3 FY23 Earnings Conference Call Insights #WIPRO #Q3 #FY23 #Earnings #Stocks","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":[10169,5075,9124],"class_list":["post-138701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-it-services","tag-software-technology-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":126260,"url":"https:\/\/alphastreet.com\/india\/wipro-q3-fy22-earnings-conference-call-summary\/","url_meta":{"origin":138701,"position":0},"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":134637,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":138701,"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":144415,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":138701,"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":41715,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-wit-q2-2020-earnings-snapshot\/","url_meta":{"origin":138701,"position":3},"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":131532,"url":"https:\/\/alphastreet.com\/india\/wipro-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":138701,"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":126226,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-wipro-q3-2021-earnings-snapshot\/","url_meta":{"origin":138701,"position":5},"title":"Wipro Limited (WIPRO): Q3 2021 Earnings Snapshot","author":"Nishad","date":"January 12, 2022","format":false,"excerpt":"Wipro Limited (NYSE: WIPRO) reported third-quarter 2022 after market hours today. Wipro had a rise in the consolidated revenue of 15% at \u20b960.3\u00a0billion. which beat the analyst\u2019s expectations. The company had a net profit of \u20b929.7 billion or \u20b95.42 per share compared to \u20b929.9. billion or \u20b95.17 per share in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138701","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=138701"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138701\/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=138701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}