Icon times
Wipro Q2FY22 Conference Call Highlights

Wipro Q2FY22 Conference Call Highlights

Published on 14 October 2021 Views 54 Comments 0
  • In the second quarter, annual revenue run rate has surpassed the $10 billion mark. $2.4 billion of this was added in the last 12 months.
  • Excluding the two recent acquisitions, that is Capco and Ampion, company grew over 4.6% in constant currency terms. This marks the second consecutive quarter of 4.5% plus growth.
  • Order book in terms of annual contract value has jumped 28% in H1. And in terms of TCV, the order book is up 19% year-on-year.
  • Offered a salary increase covering 80% of the colleagues in September of 2021 marking a second salary hike in this calendar year.
  • The cloud ecosystem, which is about 30% of the revenue, grew 27% plus in the first half and the cloud pipeline has crossed $8 billion for the first time.
  • Capco: Continue to build good momentum on the joint go to market. Won 10 deals during first 100 days of transaction closure.
  • Completed the acquisition of Ampion, an Australian based provider of cybersecurity DevOps and quality engineering services.
  • To add over 25,000 freshers in the next financial year.
  • Outlook for the next quarter: revenue growth 2% to 4% which will translate into a year-on-year growth of 27% to 30% in constant currency.
  • Operating margin for the quarter was 17.8%.
  • ACV (Annual Contract Value) has jumped 28% year-on-year in H1. TCV (Total Contract Value) has jumped 19% year-on-year.

Evolution of their leadership organization:
Upgraded about 25% of the account executives around the world. Two years ago, only 1% of the Top 200 leaders across the organization, were account executives. Today 8% of them are account executives. There is a significant change in the mix of leadership toward client-facing people.

Originally Published On: https://blog.investyadnya.in/wipro-q2fy22-conference-call-highlights/
Attachments
File Name
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs 7499/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

LATEST UPDATE

premium Premium
free Free
Read More

REPORTS


Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya