Wipro Limited (WIT) Q4 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 29, 2022 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, good day, and welcome to the Q4 FY 2022 Earnings Call of Wipro Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions] Please note that this conference is being recorded.

I’ll now hand the conference over to Ms. Aparna Iyer, Vice President and Corporate Treasurer. Thank you, and over to you, Ma’am.

Aparna Iyer

Thank you, Margaret. Warm Welcome to our Q4 2022 earnings call. We will begin the call with business highlights and overview by Thierry Delaporte, our Chief Executive Officer & Managing Director followed by a brief overview on our latest acquisition Rizing by Rajan Kohli, Managing Partner, iDEAS Business Line; and then a financial overview by our CFO, Jatin Dalal. You also have with us as a part of the management, Stephanie Trautman, our Chief Growth Officer; and Saurabh Govil, our Chief Human Resources Officer.

After the initial comments from the management, the operator will open the bridge for Q&A. Before Thierry starts, let me draw your attention to the fact that during the call, we may make certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act 1995.

These statements are based on management’s current expectations and are associated with uncertainties and risks, which may cause the actual results to differ materially from those expected. The uncertainties and risk factors are explained in our detailed filings with SEC. Wipro does not undertake any obligation to update the forward-looking statements to reflect the events and circumstances after the date of filing. The conference call will be archived and a transcript will be made available on our website. Over to you, Thierry.

Thierry Delaporte

Thank you, Aparna, and good evening, everyone. Thank you all for joining us today. For those of you joining us from the U.S., good afternoon. Friday are often known to bring good news, so today is no different at least for us. In my opening remarks, some of the year that has gone by, I’ll elaborate the demand environment, provide details on sectors, markets, service offerings, and share our business outlook for the quarter ahead.

I’ll start by acknowledging that we’ve had an outstanding year. We delivered revenues of $10.4 billion at an industry leading growth of 27% plus in constant currency terms, I’d say, crossing $10 billion of revenue is a significant landmark for us, and we are now even higher. Revenue growth has been our fastest ever in absolute terms, we’ve added one-fourth of our revenue just this year.