Total Income has increased from Rs. 125886 mn for the quarter ended December 31, 2014 to Rs. 135743 mn for the quarter ended December 31, 2015.
The net profit for the quarter stood at Rs. 2230 crore.
Wipro Q3IT Services Rupee revenue at Rs. 12,314 crore.
Total Income has increased from Rs. 125886 mn for the quarter ended December 31, 2014 to Rs. 135743 mn for the quarter ended December 31, 2015.
The Board of Directors of Wipro at its meeting held on January 18, 2016, have considered and approved an interim dividend of Rs. 5 per equity share of par value Rs.2 each to the members of the Company whose names appear in the Register of Members of the Company as on January 27, 2016, being the Record Date.
T K Kurien, Member of the Board & Chief Executive Officer of Wipro, said – “We delivered Revenues in linewith our guidance. We saw a pick-up in large deal closures led by Global Infrastructure Services. It is becoming increasingly clear that customers want to simplify operations and optimize their IT spend while investing in Digital to transform their business. We are well-positioned to take advantage of this trend.”
Abidali Z. Neemuchwala, Chief Executive Officer-Designate of Wipro, said – “We are focused on driving market share growth in our core businesses through integrated domain and technology services, while investing for the future in building differentiated Digital capabilities. We will leverage our strong culture of innovation and extremely talented employee pool to build compelling value propositions for our customers.”
Jatin Dalal, Chief Financial Officer of Wipro, said – “During the quarter, we have built competitive differentiation through the acquisition of two high-potential companies – cellent and Viteos. The impact on revenues from the Chennai floods were minimized significantly by strong execution of our robust Business Continuity Plans (BCP). The additional expenses incurred in deploying BCP impacted operating margins for the quarter.”
As per IIFL estimates, Wipro is likely to post net profit of Rs. 2256.5 crore, 0.9% growth q-o-q and a 2.9% growth y-o-y. The Net revenue is estimated to be Rs. 12,810 crore, an increase of 2.4% q-o-q and 6.8% y-o-y. The EBIDTA margin is estimated to stand at 21%, a change of 0.6 bps q-o-q and 1.1 bps y-o-y.
Total Income has increased from Rs. 125886 mn for the quarter ended December 31, 2014 to Rs. 135743 mn for the quarter ended December 31, 2015.
IT Services
The IT Services segment had a headcount of 170,664 as of December 31, 2015. We added 39 new customers during the quarter.
Effective January 1, 2016, Wipro completed the transaction announced on December 2, 2015 to acquire cellent AG, a leading IT consulting and software services company in the DACH region of Germany, Austria andSwitzerland.
On December 23, 2015, Wipro announced that it has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry.
Wipro sustained its momentum in winning Large Deals globally as described below:
Wipro has entered into a multi-year global infrastructure support engagement with one of the largest medical devices companies in the world. Wipro will standardize and simplify the customer’s IT infrastructure across multiple service lines and in over 90 countries.
A leading global nutrition, health and wellness company has selected Wipro to enable the migration of a significant portion of its global IT applications estate to a hybrid cloud. As part of the engagement, Wipro will provide IaaS (Infrastructure as a Service), PaaS (Platform as a Service), an integrated hardware-software-services stack, and billing-metering-chargeback in a completely outcome-based model.
A large global retailer has selected Wipro as its quality engineering partner. Wipro will help develop a new operating and financial model that will allow the customer to accurately forecast its quality engineering spends and optimize costs, while driving continuous improvements in the quality and time-to-market of its offerings.
Wipro has won a large contract from a European general insurance multinational for provisioning and managing the company’s infrastructure.
A leading security solutions manufacturer, headquartered in the Nordic region, has selected Wipro to transform its IT infrastructure. As part of the five-year agreement, Wipro will leverage its Boundaryless Datacenter offering and will consolidate the customer’s existing data centers and implement a cloud-based-services model, including IaaS (Infrastructure as a Service) and PaaS (Platform as a Service).
Digital highlights
Our Digital capability combining design, engineering and analytics is seeing traction in the marketplace. Unique capabilities of Designit combined with Wipro’s technological prowess is driving synergistic deal wins.
Wipro has been selected to help a global bank establish and operate its new digital platform, across 50 markets.
With global scale and a blend of strategy, design and engineering capabilities, Wipro’s agile teams will help support consistent customer experience, underpinned by continuous delivery across this new digital platform.Wipro will reinvent the onboarding process for customers, help improve sales conversion rates and reduce operational costs.
Wipro has won a multi-year deal from a large bank to enable omni-channel self-service by digitizing service processes and leveraging new age digital technologies. This will help the bank provide superior customer experience while reducing costs, in the form of lower call volumes.
Wipro will be augmenting the in-house team of a market leader in the automotive space, with telematics domain skills and advanced engineering expertise for their telematics program.
Designit has been selected by a leading South American bank to work on designing an entirely new banking concept and experience, targeted to create the next-generation banking experience for customers who are usually not attracted to traditional banking offerings anymore.
For a major German telecommunications brand, Designit has been assigned to create future smart ProductService-Experiences using artificial intelligence and similar emerging technologies.
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