BANGALORE, India and EAST
BRUNSWICK, N.J., April 21, 2015
/PRNewswire/ -- Wipro Limited (NYSE:WIT) today announced
financial results under International Financial Reporting Standards
(IFRS) for its fourth quarter and year ended March 31, 2015.
Highlights of the Results
Results for the Year ended March 31,
2015:
- Total Revenues were Rupees 469.5
billion ($7.5
billion1), an increase of 8% YoY.
- Net Income2 was Rupees 86.5
billion ($1.4
billion1), an increase of 11% YoY.
- Wipro declared a final dividend of Rupees 7 ($0.11)
per share/ADS, taking the total dividend declared for the year
2014-15 to Rupees 12 ($0.19) per share/ADS.
- IT Services Revenue was $7,081.6
million, a YoY increase of 7.0%.
- Non-GAAP Constant Currency IT Services Revenue in dollar terms
grew 8.7% to $7,190.6 million.
- IT Services Segment Revenues in Rupee terms was Rupees 440.2 billion ($7.1
billion1), an increase of 10% YoY.
- IT Services Segment Result was Rupees
97.6 billion ($1.6
billion1), an increase of 8% YoY.
- IT Services Margins for the year was 22.2%.
Results for the Quarter ended March
31, 2015:
- Total Revenues were Rupees 121.4
billion ($1.9
billion1), an increase of 4% YoY.
- Net Income2 was Rupees 22.7
billion ($366
million1), an increase of 2% YoY.
- Non-GAAP constant currency IT Services Revenue in dollar terms
grew 1.2% to $1,817.8 million, within
our guidance range of $1,814 million to
$1,850 million.
- IT Services Revenue was $1,774.5
million, a sequential decrease of 1.2% and YoY increase of
3.2%.
- IT Services Segment Revenues in Rupee terms was Rupees 112.4 billion ($1.8
billion1), an increase of 6% YoY.
- IT Services Segment Result was Rupees
24.8 billion ($398
million1), a decrease of 5% YoY.
- IT Services Margins was 22.0%, an expansion of 23 bps
sequentially.
Performance for the quarter and year ended March 31, 2015
T K Kurien, Member of the Board & Chief Executive Officer
of Wipro, said, "We continue to execute on our strategy and
have achieved improved customer satisfaction through better
articulated solutions and improved delivery. We are well-positioned
to take advantage of the opportunities in the market, while
tackling headwinds in certain areas. We see Digital, Open Source
and Artificial Intelligence as key levers for driving business
change and reshaping the delivery model for the future."
Jatin Dalal, Chief Financial
Officer of Wipro, said – "We continue to maintain our focus on
operational improvements and productivity enhancements. This has
resulted in margin expansion despite adverse cross-currency
movements."
Outlook for the Quarter ending June
30, 2015
We expect Revenues from our IT Services business to be in the
range of $ 1,765 million to $ 1,793
million*.
* Guidance is based on the following exchange rates: GBP/USD at
1.49, Euro/USD at 1.07, AUD/USD at 0.77, USD/INR at 62.10 and
USD/CAD at 1.27
IT Services
The IT Services segment had a headcount of 158,217 as of
March 31, 2015. We added 65 new
customers during the quarter.
Wipro continued its momentum in winning Large Deals globally as
listed below:
Wipro Limited has won a multi-year engagement with Allied Irish
Bank in Ireland for managing their
core datacenter infrastructure. The engagement includes end-to-end
management of mainframe and distributed systems and will enable the
bank to provide high availability services to its end
customers. Wipro is setting up its ServiceNXT™ Delivery
Center in Dublin to cater to the
near-shore requirements of this program and also add to its
existing portfolio of global delivery centers.
Wipro has signed a five-year agreement with Symetra Life
Insurance Company, a leader in retirement benefits and life
products, to provide a range of IT Infrastructure services. Wipro's
services will include hosting and servicing of mainframe and server
environments, service desk and other technologies at the company's
data centers.
A leading global apparel and footwear company has engaged Wipro
to transform their End User Services, Network and Distributed
Computing platforms in addition to expanding their IT applications
portfolio. As the customer organization grows its lifestyle
brands, this strategic initiative will be the global backbone for
operational excellence with a high degree of automation, real-time
analytics, self-help and self-heal.
Wipro has won an integrated Applications and Infrastructure deal
with T-Mobile Polska S.A. In this strategic partnership spanning 5
years, Wipro would help T-Mobile systemize and standardize the IT
architecture and operations of their Poland entity.
Wipro has been chosen as the engineering partner by a leading
global technology company for establishing a shared services team,
to support testing and maintenance of its core platform products.
As part of this multi-year engagement, Wipro will leverage its
product engineering capabilities to bring about process agility,
faster delivery, enhanced quality and year-on-year efficiency gains
for the
customer.
A global manufacturing major has engaged Wipro in a multi-year
and multi-million dollar workplace transformation and support
program. As part of this engagement, Wipro will leverage its
workplace transformation framework and automation tools to help
enhance end-user experience and productivity for the manufacturing
company.
Cloud highlights
Wipro's Cloud business continued to build significant momentum
in the applications and infrastructure areas. We have expanded our
cloud applications business into new geographies with deal wins
that include a leading Australian banking and insurance provider
and a leading energy provider in Canada. Wipro's ServiceNXT™ Cloud Operations
Center has been selected for hosting and providing managed services
for affiliate/partner applications by a global cigarette and
tobacco company and for customer care and billing platform of a
global telecom company. Wipro has also been selected as a strategic
Cloud partner for the assessment and migration of 3000+ web-based
applications for a large US-based multinational bank.
OpenSource highlights
Wipro's Open Source practice continued to gain traction with
customers in the areas of Middleware, Cloud, Analytics, Big Data,
API (Application Program Interface) and Operating Systems across
industries. Some marquee wins in Q4 include building treasury,
budgeting, financial operations and MIS systems for a government
organization, middleware integration for a global retail giant and
migration of applications from a proprietary platform to an Open
Source application server for a global investment bank.
Awards and accolades
Wipro was positioned in the 'Winner's Circle' of the HfS
Blueprint Report on Enterprise Analytics Services 2015. Wipro's
Vertical expertise, Big Data Analytics capabilities and
collaborative approach with clients, have been called out as key
areas of strength in the report.
Wipro has been positioned amongst 'Leaders' by Everest Group in
their PEAK MatrixTM assessment 2015 on Record-to-Report
(R2R) BPO Service provider within Finance & Accounting
Outsourcing. This report examines multiple aspects of the R2R BPO
market. It focuses on each service provider's position on the
Everest Group Performance, Experience, Ability and Knowledge (PEAK)
Matrix while assessing their capabilities on the dimensions of
market success, scale, scope, delivery capability, technology
solution, and buyer satisfaction. The report also encompasses
analysis of R2R BPO landscape and key solution characteristics.
Wipro was recognized by the Ethisphere Institute, as a 2015
World's Most Ethical Company® for the fourth consecutive
year. The World's Most Ethical Companies designation recognizes
those organizations that have had a material impact on the way
business is operated. Wipro is one of only three companies in the
Information Technology Services industry honored this year.
IT Products
- Our IT Products Segment delivered Revenue of Rupees 9.5 billion ($152
million1) for the quarter ended March 31, 2015, a sequential growth of 22%.
- IT Products Segment results for the quarter ended March 31, 2015 was Rupees
58 million ($1
million1).
- Revenue for the year ended March 31,
2015 was Rupees 34.0 billion
($546 million1) a degrowth
of 12% YoY.
- Segment Results for the year ended March
31, 2015 was Rupees 374
million ($6
million1).
- IT Products Revenues for the fiscal year ended March 31, 2014 included sales of Wipro branded
desktops, laptops and servers which Wipro ceased manufacturing in
the quarter ended December 31,
2013.
Please refer the table on page 7 for reconciliation between IFRS
IT Services Revenue and IT Services Revenue on a non-GAAP constant
currency basis.
About Non-GAAP financial measures
This press release contains non-GAAP financial measures within
the meaning of Regulation G and Item 10(e) of Regulation S-K. Such
non-GAAP financial measures are measures of our historical or
future performance, financial position or cash flows that are
adjusted to exclude or include amounts that are excluded or
included, as the case may be, from the most directly comparable
financial measure calculated and presented in accordance with
IFRS.
The table on page 7 provides IT Services Revenue on a constant
currency basis, which is a non-GAAP measure that is calculated by
translating IT Services Revenue from the current reporting period
into U.S. dollars based on the currency conversion rate in effect
for the prior reporting period. We refer to growth
rates in constant currency so that business results may be viewed
without the impact of fluctuations in foreign currency exchange
rates, thereby facilitating period-to-period comparisons of our
business performance.
This non-GAAP financial measure is not based on any
comprehensive set of accounting rules or principles and should not
be considered a substitute for, or superior to, the most directly
comparable financial measure calculated in accordance with IFRS,
and may be different from non-GAAP measures used by other
companies. In addition to this non-GAAP measure, the financial
statements prepared in accordance with IFRS and the reconciliation
of these non-GAAP financial measures with the most directly
comparable IFRS financial measure should be carefully
evaluated.
Results for the quarter and year ended March 31, 2015, prepared under IFRS, along with
individual business segment reports, are available in the Investors
section of our website www.wipro.com.
Quarterly Conference Call
We will hold an earnings conference call today at
07:15 p.m. Indian Standard Time
(09:45 a.m. US Eastern Time) to
discuss our performance for the quarter. An audio recording of the
management discussions and the question and answer session will be
available online and will be accessible in the Investor Relations
section of our website at www.wipro.com.
About Wipro Limited (NYSE: WIT)
Wipro Ltd. (NYSE:WIT) is a leading Information Technology,
Consulting and Business Process Services company that delivers
solutions to enable its clients do business better. Wipro delivers
winning business outcomes through its deep industry experience and
a 360 degree view of "Business through Technology" - helping
clients create successful and adaptive businesses. A company
recognized globally for its comprehensive portfolio of services, a
practitioner's approach to delivering innovation, and an
organization wide commitment to sustainability, Wipro has a
workforce of over 150,000, serving clients in 175+ cities across 6
continents.
For more information, please visit www.wipro.com
Contact for
Investor Relations
|
|
Contact for Media
& Press
|
Aravind V
S
|
Vaibhav
Saha
|
|
Vipin Nair
|
Phone:
+91-80-2505 6186
|
Phone:+1
732-509-1362
|
|
Phone:
+91-80-3991-6154
|
aravind.viswanathan@wipro.com
|
vaibhav.saha@wipro.com
|
|
vipin.nair1@wipro.com
|
Forward-looking statements
The forward-looking statements contained herein represent
Wipro's beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro's control. Such
statements include, but are not limited to, statements regarding
Wipro's growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, intense
competition in IT services, our ability to maintain our cost
advantage, wage increases in India, our ability to attract and retain
highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks, our ability
to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the
companies in which we make strategic investments, withdrawal of
fiscal governmental incentives, political instability, war, legal
restrictions on raising capital or acquiring companies outside
India, unauthorized use of our
intellectual property, and general economic conditions affecting
our business and industry. Additional risks that could affect our
future operating results are more fully described in our filings
with the United States Securities and Exchange Commission,
including, but not limited to, Annual Reports on Form 20-F. These
filings are available at www.sec.gov. We may, from time to time,
make additional written and oral forward-looking statements,
including statements contained in the company's filings with the
Securities and Exchange Commission and our reports to shareholders.
We do not undertake to update any forward-looking statement that
may be made from time to time by us or on our behalf.
1
|
For the convenience
of the reader, the amounts in Indian Rupees in this release have
been translated into United States Dollars at the noon buying rate
in New York City on March 31, 2015, for cable transfers in Indian
rupees, as certified by the Federal Reserve Board of New York,
which was US $1= Rupees 62.31. However, the realized exchange rate
in our IT Services business segment for the quarter ended March 31,
2015 was US$1= Rupees 63.35
|
2
|
Refers to 'Profit for
the period attributable to equity holders of the
company'
|
Wipro limited and
subsidiaries
|
CONDENSED
CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION
|
(Rupees in millions,
except share and per share data, unless otherwise
stated)
|
|
|
|
|
|
|
|
|
|
As of March
31,
|
|
As of March
31,
|
|
|
|
2014
|
|
2015
|
|
2015
|
|
|
|
|
|
|
|
Convenience
translation into US
dollar in millions
(unaudited) Refer Note
2(iv)
|
ASSETS
|
|
|
|
|
|
|
|
Goodwill
|
|
|
63,422
|
|
68,078
|
|
1,093
|
Intangible
assets
|
|
|
1,936
|
|
7,931
|
|
127
|
Property, plant and
equipment
|
|
|
51,449
|
|
54,206
|
|
870
|
Derivative
assets
|
|
|
286
|
|
736
|
|
12
|
Available for sale
investments
|
|
|
2,676
|
|
3,867
|
|
62
|
Non-current tax
assets
|
|
|
10,192
|
|
11,409
|
|
183
|
Deferred tax
assets
|
|
|
3,362
|
|
2,945
|
|
47
|
Other non-current
assets
|
|
|
14,295
|
|
14,369
|
|
231
|
Total non-current
assets
|
|
|
147,618
|
|
163,541
|
|
2,625
|
|
|
|
|
|
|
|
|
Inventories
|
|
|
2,293
|
|
4,849
|
|
78
|
Trade
receivables
|
|
|
85,392
|
|
91,531
|
|
1,469
|
Other current
assets
|
|
|
39,474
|
|
73,359
|
|
1,177
|
Unbilled
revenues
|
|
|
39,334
|
|
42,338
|
|
679
|
Available for sale
investments
|
|
|
60,557
|
|
53,908
|
|
865
|
Current tax
assets
|
|
|
9,774
|
|
6,490
|
|
104
|
Derivative
assets
|
|
|
3,661
|
|
5,077
|
|
81
|
Cash and cash
equivalents
|
|
|
114,201
|
|
158,940
|
|
2,551
|
Total
current assets
|
|
|
354,686
|
|
436,492
|
|
7,004
|
TOTAL
ASSETS
|
|
|
502,304
|
|
600,033
|
|
9,629
|
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
|
Share
capital
|
|
|
4,932
|
|
4,937
|
|
79
|
Share
premium
|
|
|
12,664
|
|
14,031
|
|
225
|
Retained
earnings
|
|
|
314,952
|
|
372,248
|
|
5,974
|
Share based payment
reserve
|
|
|
1,021
|
|
1,312
|
|
21
|
Other components of
equity
|
|
|
10,472
|
|
15,454
|
|
248
|
Shares held by
controlled trust
|
|
|
(542)
|
|
-
|
|
-
|
Equity attributable
to the equity holders of the company
|
|
|
343,499
|
|
407,982
|
|
6,547
|
Non-controlling
interest
|
|
|
1,387
|
|
1,646
|
|
26
|
Total
equity
|
|
|
344,886
|
|
409,628
|
|
6,573
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
Long - term loans and
borrowings
|
|
|
10,909
|
|
12,707
|
|
204
|
Deferred tax
liabilities
|
|
|
1,796
|
|
3,240
|
|
52
|
Derivative
liabilities
|
|
|
629
|
|
71
|
|
1
|
Non-current tax
liability
|
|
|
3,448
|
|
6,695
|
|
107
|
Other non-current
liabilities
|
|
|
4,478
|
|
3,658
|
|
59
|
Provisions
|
|
|
6
|
|
5
|
|
-
|
Total non-current
liabilities
|
|
|
21,266
|
|
26,376
|
|
423
|
|
|
|
|
|
|
|
|
Loans and borrowings
and bank overdrafts
|
|
|
40,683
|
|
66,206
|
|
1,063
|
Trade payables and
accrued expenses
|
|
|
51,917
|
|
58,745
|
|
945
|
Unearned
revenues
|
|
|
12,767
|
|
16,549
|
|
264
|
Current tax
liabilities
|
|
|
12,482
|
|
8,036
|
|
129
|
Derivative
liabilities
|
|
|
2,504
|
|
753
|
|
12
|
Other current
liabilities
|
|
|
14,429
|
|
12,223
|
|
196
|
Provisions
|
|
|
1,370
|
|
1,517
|
|
24
|
Total current
liabilities
|
|
|
136,152
|
|
164,029
|
|
2,633
|
TOTAL
LIABILITIES
|
|
|
157,418
|
|
190,405
|
|
3,056
|
|
|
|
|
|
|
|
|
TOTAL EQUITY AND
LIABILITIES
|
|
|
502,304
|
|
600,033
|
|
9,629
|
Wipro limited and
subsidiaries
|
CONDENSED
CONSOLIDATED INTERIM STATEMENTS OF INCOME
|
(Rupees in millions,
except share and per share data, unless otherwise
stated)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months ended
March 31,
|
|
Year ended March
31,
|
|
2014
|
|
2015
|
2015
|
|
2014
|
|
2015
|
2015
|
|
|
|
|
Convenience
translation into US dollar in millions (unaudited)
|
|
|
|
|
Convenience
translation into US dollar in millions (unaudited)
|
Gross
revenues
|
116,535
|
|
121,420
|
1,949
|
|
434,269
|
|
469,545
|
7,536
|
Cost of
revenues
|
(77,700)
|
|
(82,609)
|
(1,326)
|
|
(295,488)
|
|
(321,284)
|
(5,156)
|
Gross
profit
|
38,835
|
|
38,811
|
623
|
|
138,781
|
|
148,261
|
2,380
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses
|
(7,025)
|
|
(7,916)
|
(127)
|
|
(29,248)
|
|
(30,625)
|
(491)
|
General and
administrative expenses
|
(6,510)
|
|
(6,633)
|
(106)
|
|
(23,538)
|
|
(25,850)
|
(415)
|
Foreign exchange
gains/(losses), net
|
510
|
|
294
|
5
|
|
3,359
|
|
3,637
|
58
|
|
|
|
|
|
|
|
|
|
|
Results from
operating activities
|
25,810
|
|
24,556
|
395
|
|
89,354
|
|
95,423
|
1,532
|
|
|
|
|
|
|
|
|
|
|
Finance
expenses
|
(842)
|
|
(912)
|
(15)
|
|
(2,891)
|
|
(3,599)
|
(58)
|
Finance and other
income
|
3,959
|
|
5,476
|
88
|
|
14,542
|
|
19,859
|
319
|
Profit before
tax
|
28,927
|
|
29,120
|
468
|
|
101,005
|
|
111,683
|
1,793
|
Income tax
expense
|
(6,536)
|
|
(6,255)
|
(100)
|
|
(22,600)
|
|
(24,624)
|
(395)
|
Profit for the
period
|
22,391
|
|
22,865
|
368
|
|
78,405
|
|
87,059
|
1,398
|
|
|
|
|
|
|
|
|
|
|
Attributable
to:
|
|
|
|
|
|
|
|
|
|
Equity holders of the
company
|
22,265
|
|
22,720
|
366
|
|
77,967
|
|
86,528
|
1,389
|
Non-controlling
interest
|
126
|
|
145
|
2
|
|
438
|
|
531
|
9
|
Profit for the
period
|
22,391
|
|
22,865
|
368
|
|
78,405
|
|
87,059
|
1,398
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
equity share:
|
|
|
|
|
|
|
|
|
|
Attributable to
equity share holders of the company
|
|
|
|
|
|
|
|
|
|
Basic
|
9.07
|
|
9.25
|
0.15
|
|
31.76
|
|
35.25
|
0.57
|
Diluted
|
9.04
|
|
9.21
|
0.15
|
|
31.66
|
|
35.13
|
0.56
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of equity shares used in
|
|
|
|
|
|
|
|
|
computing earnings
per equity share
|
|
|
|
|
|
|
|
|
|
Basic
|
2,455,543,231
|
|
2,456,575,761
|
2,456,575,761
|
|
2,454,745,434
|
|
2,454,681,650
|
2,454,681,650
|
Diluted
|
2,462,876,367
|
|
2,465,876,236
|
2,465,876,236
|
|
2,462,626,739
|
|
2,462,579,161
|
2,462,579,161
|
|
|
|
|
|
|
|
|
|
|
Additional
Information
|
|
|
|
|
|
|
|
|
|
Segment
Revenue
|
|
|
|
|
|
|
|
|
|
IT Services
Business Units
|
|
|
|
|
|
|
|
|
|
BFSI
|
28,468
|
|
29,852
|
479
|
|
106,035
|
|
115,505
|
1,854
|
HLS
|
11,275
|
|
13,171
|
211
|
|
41,130
|
|
49,884
|
801
|
RCTG
|
15,412
|
|
16,258
|
261
|
|
58,893
|
|
62,209
|
998
|
ENU
|
17,173
|
|
17,437
|
280
|
|
63,923
|
|
71,229
|
1,143
|
MFG
|
19,095
|
|
20,582
|
330
|
|
74,423
|
|
80,303
|
1,289
|
GMT
|
14,770
|
|
15,117
|
243
|
|
55,105
|
|
61,050
|
980
|
IT SERVICES
TOTAL
|
106,193
|
|
112,417
|
1,804
|
|
399,509
|
|
440,180
|
7,064
|
IT
PRODUCTS
|
11,090
|
|
9,454
|
152
|
|
38,785
|
|
34,006
|
546
|
RECONCILING
ITEMS
|
(238)
|
|
(157)
|
(3)
|
|
(666)
|
|
(1,004)
|
(16)
|
TOTAL
|
117,045
|
|
121,714
|
1,953
|
|
437,628
|
|
473,182
|
7,594
|
|
|
|
|
|
|
|
|
|
|
Segment
Result
|
|
|
|
|
|
|
|
|
|
IT Services
Business Units
|
|
|
|
|
|
|
|
|
|
BFSI
|
7,005
|
|
7,474
|
120
|
|
24,153
|
|
27,378
|
439
|
HLS
|
2,482
|
|
3,031
|
49
|
|
7,637
|
|
10,565
|
170
|
RCTG
|
4,048
|
|
3,542
|
57
|
|
13,012
|
|
13,190
|
212
|
ENU
|
4,887
|
|
4,078
|
65
|
|
17,418
|
|
17,561
|
282
|
MFG
|
4,909
|
|
4,497
|
72
|
|
17,348
|
|
17,127
|
275
|
GMT
|
3,332
|
|
2,878
|
46
|
|
11,569
|
|
13,574
|
218
|
OTHERS
|
|
|
-
|
-
|
|
|
|
583
|
10
|
UNALLOCATED
|
(609)
|
|
(723)
|
(12)
|
|
(804)
|
|
(2,329)
|
(37)
|
TOTAL IT
SERVICES
|
26,054
|
|
24,777
|
398
|
|
90,333
|
|
97,649
|
1,568
|
IT
PRODUCTS
|
143
|
|
58
|
1
|
|
310
|
|
374
|
6
|
RECONCILING
ITEMS
|
(387)
|
|
(279)
|
(4)
|
|
(1,289)
|
|
(2,600)
|
(42)
|
TOTAL
|
25,810
|
|
24,556
|
395
|
|
89,354
|
|
95,423
|
1,532
|
FINANCE
EXPENSE
|
(842)
|
|
(912)
|
(15)
|
|
(2,891)
|
|
(3,599)
|
(58)
|
FINANCE AND OTHER
INCOME
|
3,959
|
|
5,476
|
88
|
|
14,542
|
|
19,859
|
319
|
PROFIT BEFORE
TAX
|
28,927
|
|
29,120
|
468
|
|
101,005
|
|
111,683
|
1,793
|
INCOME TAX
EXPENSE
|
(6,536)
|
|
(6,255)
|
(100)
|
|
(22,600)
|
|
(24,624)
|
(395)
|
PROFIT FOR THE
PERIOD
|
22,391
|
|
22,865
|
368
|
|
78,405
|
|
87,059
|
1,398
|
Segment result represents operating profits of the segments and
dividend income and gains or losses (net) relating to strategic
investments, which are presented within "Finance and other income"
in the statement of Income.
|
The Company is
organized by the following operating segments; IT Services and IT
Products.
IT Services: The IT Services segment primarily consists of IT
Service offerings to our customers organized by industry verticals
as follows: Banking, Financial Services and Insurance (BFSI),
Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and
Government (RCTG), Energy, Natural Resources and Utilities (ENU),
Manufacturing (MFG), Global Media and Telecom (GMT). Starting with
quarter ended September 30, 2014, it also includes Others which
comprises dividend income and gains or losses (net) relating to
strategic investments, which are presented within "Finance and
other income" in the statement of Income. Key service offering to
customers includes software application development and
maintenance, research and development services for hardware and
software design, business application services, analytics,
consulting, infrastructure outsourcing services and business
process services.
The IT Products segment sells a range of Wipro personal desktop
computers, Wipro servers and Wipro notebooks. The Company is also a
value added reseller of desktops, servers, notebooks, storage
products, networking solutions and packaged software for leading
international brands. In certain total outsourcing contracts of the
IT Services segment, the Company delivers hardware, software
products and other related deliverables. During the fiscal year
ended March 31, 2014 the Company ceased the manufacturing of 'Wipro
branded desktops, laptops and servers'. Revenue relating to the
above items is reported as revenue from the sale of IT
Products.
|
Reconciliation of Non-GAAP Constant Currency
IT Services Revenue to IT Services Revenue as per IFRS
($MN)
|
Three Months ended
March 31,2015
|
Year ended March
31, 2015
|
IT Services Revenue
as per IFRS
|
$
1,775
|
|
IT Services Revenue
as per IFRS
|
$
1,775
|
IT Services Revenue
as per IFRS
|
$
7,082
|
Effect of Foreign
currency exchange movement
|
$
43
|
|
Effect of Foreign
currency exchange movement
|
$
90
|
Effect of Foreign
currency exchange movement
|
$
109
|
Non-GAAP Constant
Currency IT Services Revenue based on previous quarter exchange
rates
|
$
1,818
|
|
Non-GAAP Constant
Currency IT Services Revenue based on previous year exchange
rates
|
$
1,865
|
Non-GAAP Constant
Currency IT Services Revenue based on previous year exchange
rates
|
$
7,191
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/wipro-limited-results-for-the-quarter-and-year-ended-march-31-2015-under-ifrs-300069482.html
SOURCE Wipro Limited