January 18, 2016

Wipro Q3 Results – Highlights

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Wipro Q3 Results were just announced. Here are the highlights:

  1. Revenues were $ 1,838.3 Mn ($ 1,861 Mn realized at a higher exchange rate) for the quarter; QoQ growth was 1.4% in constant currency terms
  2. IT Services profit was $ 375 million for the quarter at a Profit margin of 20.2%
  3. Earnings per share (EPS) was $ 0.14
  4. Says it sees continued traction for Digital and Cloud capabilities.
  5. Mention of a multi-year global infrastructure support engagement with one of the largest medical devices companies in the world.
  6. Completed the acquisition of cellent and signed agreement to acquire Viteos
  7. Chennai floods had no material impact
  8. Abidali Neemuchwala set to take over as CEO
  9. Headcount increased by 2,268 to 170,664.
  10. Guidance for Q4 is 1,875-1,912 Mn $

Earnings were generally on par with expectations.




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