In This Article:
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IT Services Revenue: $2.63 billion, sequential growth of 0.1%, year-on-year de-growth of 0.7%.
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Total Contract Value (TCV): $3.5 billion in bookings.
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Operating Margins: 17.5%, an expansion of 0.7% quarter-on-quarter and 1.5% year-on-year.
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Capco Business Revenue Growth: 11% year-on-year.
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Americas 1 Revenue Growth: 3.9% sequentially, 3.7% year-on-year.
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Americas 2 Revenue Growth: De-growth of 0.6% sequentially, growth of 1.2% year-on-year.
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Europe Revenue Growth: De-growth of 2.7% sequentially, 4.6% year-on-year.
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APMEA Revenue Growth: De-growth of 2.1% sequentially, 8% year-on-year.
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Health Sector Revenue Growth: 6.7% sequentially, 4.5% year-on-year.
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BFSI Sector Revenue Growth: De-growth of 1.9% quarter-on-quarter, growth of 3.4% year-on-year.
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Consumer Sector Revenue Growth: De-growth of 0.9% quarter-on-quarter, growth of 0.4% year-on-year.
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Energy Manufacturing and Resources Revenue Growth: 0.4% quarter-on-quarter, decline of 8.7% year-on-year.
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Technology and Communications Revenue Growth: De-growth of 0.6% quarter-on-quarter, 5.3% year-on-year.
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Net Income and EPS Growth: 24% year-on-year, 5% sequentially.
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Dividend: Interim dividend of INR 6 per share.
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Guidance for Q4: Sequential growth of -1% to +1% in constant currency terms, revenue range of $2.602 billion to $2.655 billion.
Release Date: January 17, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Wipro Ltd (NYSE:WIT) achieved a 12-quarter high operating margin of 17.5%, marking an expansion of 0.7% quarter on quarter and 1.5% year on year.
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The company closed 17 large deals with a total value of $1 billion, showcasing strong deal momentum.
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Wipro Ltd (NYSE:WIT) reported a year-on-year growth in three out of five industry sectors, with health sector growing 6.7% sequentially and 4.5% year on year.
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The company's Capco business saw improved demand, with order book growing by 9% year on year and revenue increasing by 11% year on year.
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Wipro Ltd (NYSE:WIT) has increased its dividend payout, with the Board approving a higher payout percentage of 70% or above of net income cumulatively over a three-year period starting FY26.
Negative Points
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IT services revenue showed a sequential growth of only 0.1% and a year-on-year decline of 0.7%, indicating sluggish revenue growth.
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Europe and APMEA regions remained soft, with Europe de-growing 2.7% sequentially and 4.6% year on year, and APMEA de-growing 2.1% sequentially and 8% year on year.
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The BFSI sector experienced a quarter-on-quarter decline of 1.9%, despite a year-on-year growth of 3.4%.
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Guidance for the next quarter indicates a potential decline, with expected sequential growth ranging from minus 1% to plus 1%.
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The company continues to face challenges in the energy manufacturing and resources sector, which declined 8.7% year on year.
