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Wipro Announces Results for the Quarter-Ended September 30, 2023

Business Wire India

  • Large deal bookings reach $1.3 billion, an increase of 79% YoY and 6% QoQ
  • Total bookings of $3.8 billion, mark a 6% YoY increase
  • IT services segment EBIT increases 6% YoY. EPS increases 4.1% YoY
  • Operating cash flows at 145% of net income

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter-ended September 30, 2023.

Highlights of the Results
Results for the Quarter ended September 30, 2023:


  1. Gross revenue reached Rs 225.2 billion ($2.7 billion1), a decrease of 0.1% YoY.
  2. IT services segment revenue was at $2,713.3 million, a decrease of 2.3% QoQ.
  3. Non-GAAP2 constant currency IT Services segment revenue decreased 2.0% QoQ.
  4. Total bookings3 was at $3.8 billion, up by 6% YoY and large deal bookings4 was at $1.3 billion, up by 79.0% YoY.
  5. IT services segment EBIT for the quarter was Rs 36.1 billion ($434.0 million1), an increase of 6% YoY.
  6. IT services operating margin5 for the quarter was at 16.1%, up 10 bps QoQ and 100 bps YoY.
  7. Earnings per share for the quarter was at Rs 5.06 ($0.061), an increase of 4.1% YoY.
  8. Net income for the quarter was at Rs 26.5 billion ($318.5 million1), a decrease of 0.5% YoY.
  9. Operating cash flows at 145% of Net Income for the quarter was at Rs 38.6 billion ($465.0 million1).
  10. Voluntary attrition6 has continued to moderate QoQ, coming in at 9-quarter low of 13.4% in Q2’24.

Outlook for the Quarter ending December 31, 2023
We expect revenue from our IT Services business segment to be in the range of $2,617 million to $2,672 million*. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms.
* Outlook for the Quarter ending December 31, 2023, is based on the following exchange rates: GBP/USD at 1.26, Euro/USD at 1.09, AUD/USD at 0.66, USD/INR at 82.70 and CAD/USD at 0.74 
Performance for the Quarter ended September 30, 2023

“We continue to win in the market despite the uncertain macro environment,” said Thierry Delaporte, CEO and Managing Director. “We ended the second quarter with 22 accounts above the $100M range, which is double the number we had in FY’21. Our large deal total contract value reached $1.3 billion—highest in the last nine quarters.”
“Against a challenging environment, we continue to take the bold decisions needed to realize our long-term ambitions. We are investing in our technology infrastructure and streamlining our operations and delivery to drive profitable growth. We are training and reskilling our people so they can be ready for an AI-driven future. The investments we made in our ai360 strategy are helping us realize significant efficiencies across our organization and creating an early leadership position in this fast-evolving space. We are confident that these investments will keep us resilient and competitive in an ever shifting business and economic landscape.”
Aparna C. Iyer, Chief Financial Officer, said, “We remain focused on profitable growth despite a challenging market. Our disciplined approach to improve efficiency, productivity and utilization has led to an increase of 100 bps YoY in our IT services operating margins. Our absolute IT services segment EBIT grew 6% YoY. We generated strong operating cash flow of 145% of net income for the quarter.” 
IT Products

  1. IT Products segment revenue for the quarter was Rs 1.47 billion ($17.7 million1)
  2. IT Products segment results for the quarter was a loss of Rs 0.47 billion ($5.6 million1)

Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

  1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = Rs 83.08, as published by the Federal Reserve Board of Governors on September 30, 2023. However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2023, was US$1= Rs 82.54
  2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.
  3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
  4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
  5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.
  6. Voluntary attrition is in IT Services computed on a quarterly annualised basis and excludes DOP.
  7. Effective April 1, 2023, we merged our ISRE segment with our IT Services segment. The YoY growth rates for the quarter ended September 30, 2023 were computed by rebase lining Q2’23 numbers.

Highlights of Strategic Deal Wins
In the second quarter, Wipro continued to win large and strategic deals across industries. Key highlights include: 

  1. US-based multinational clothing company has selected Wipro to accelerate digital innovation, drive business growth, and enhance long term profitability. Leveraging its expertise in Generative AI, Cloud transformation, and Intelligent Automation, Wipro will help the client optimize current global operations and provide scale for new lines of business. The deal will include a range of services including application support, analytics, cybersecurity, automation, and consulting with the goal of driving improved process maturity, faster incident resolution, and better time to market for the client.
  2. A global leader in technology has selected Wipro for comprehensive silicon engineering services from chip definition to design verification to tapeout. Wipro will provide services for the client’s broad portfolio of products including end point management, observability, and cloud. This strategic partnership will provide the client with increased speed-to-market of their products, improve their reliability, and reduce their total cost of ownership.
  3. An American food service distributor has selected Wipro to undertake a multi-year IT transformation and modernization project. The Wipro team worked with the client to increase cloud usage by up to 80% through native development of several business-critical applications. This included building a cloud enablement platform, creating a transformation blueprint, and setting up a Project Management Office to manage the client’s cloud and IT estate transformation. In addition, Wipro also setup an internal academy to perform a skill gap analysis and provide additional resource training across the business. The client has so far seen a cost reduction of up to 15%, as well as additional savings through marketplace optimization, increased customer satisfaction, and a more scalable operation.
  4. A multinational consumer electronics company selected Wipro to improve their overall customer experience. To achieve this, the Wipro team created a cross-functional customer service transformation program with bespoke analytics and reporting. The project also included automated visualization of performance management, fraud prevention, and gamified learning and training modules for client-facing staff. This program will increase Net Promoter Scores (NPS), improve customer service agent knowledge, and reduce average call times. 
  5. Wipro was selected by a global leader in medical technology, services, and solutions to enhance its service desk and improve its employee experience. Wipro developed a bespoke Global IT Service Desk solution, with significant AI-led automation and self-service capabilities including self-help content development and delivery. The solution will be integrated into existing critical systems and will deliver a cost reduction of up to 30%. 
  6. One of the largest energy and utilities companies in Brazil has selected Wipro to modernize their billing process. Wipro will implement and support this transformation covering everything from billing to analytics, leveraging cloud infrastructure to streamline the client’s operations. The client can expect a more resilient billing management platform, cost reduction, as well as alignment with their sustainability goals as the process will be paperless.
  7. A video hosting platform has selected Wipro to deploy a unique Quality-as-a-Service solution to help improve the client’s overall end-user experience, retention, and revenue. Wipro will build a customised assessment framework to audit and analyse the interactions between employees and end-users. This will provide actionable insights and recommendations that will improve audit completion, internal and customer experience, as well as operational efficiency. 
  8. A global technology company has selected Wipro to deliver high-quality digital designs to enhance their manufacturing process. Through the Technology Excellence Center model, Wipro Engineering Edge will implement hardware design verification for multiple business units in a cost-effective, scalable, and efficient manner. This will lead to a 20-25% reduction in total cost, faster time-to-market, high-quality delivery, and the ability to scale.
  9. A leading workplace pension provider in the UK has selected Wipro to provide regulated Pensions Administration and Technology Services to the member of its Defined Contribution (DC) Pensions book. Through this engagement, the client will see enhanced member experience, faster time to market for new products, and significant cost reduction, while supporting 15% year-on-year business growth.
  10. A North American financial institution has selected Wipro to digitize and streamline its loan origination systems and deliver a consistent omni-channel experience to its end-users. NetOxygen, Wipro’s award-winning enterprise loan origination solution, will improve the lending process through automation and cloud technology. This will ensure compliance and information security, as well as fully integrated bilingual support (in French and English). The client will see a reduction in their cost-per-loan of up to 30% and can expect an increase of up to 80% in digital self-generation loan requests.

Analyst Recognition

  1. Wipro was positioned as a Leader in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services
  2. Wipro was rated a Leader in Everest Group's Digital Twin Services PEAK Matrix® Assessment 2023
  3. Wipro was recognized as a Leader in ISG Provider Lens™ – Cybersecurity - Solutions and Services 2023 - US, UK, France, Nordics (multiple quadrants)
  4. Wipro was rated as a Leader in ISG Provider Lens™ – Google Cloud Partner Ecosystem 2023 - US & Europe (all quadrants)
  5. Wipro was rated as a Leader in Avasant's High-Tech Industry Digital Services RadarView™ 2023 - 2024
  6. Wipro was positioned a Leader in Everest Group's Oracle Cloud Applications Services PEAK Matrix® Assessment 2023
  7. Wipro was featured as a Leader in ISG Provider Lens™ – Retail & CPG Services 2023 - US & Europe (all quadrants)
  8. Wipro was recognized as a Leader in ISG Provider Lens™ – Customer Experience Services 2023 - Europe (multiple quadrants) & US (Digital Operations)
  9. Wipro was rated as a Leader in Whitelane's IT Sourcing Study 2023 - Switzerland
  10. Wipro was featured as a Leader in Avasant's Application Modernization Services RadarView™ 2023
  11. Wipro was recognized a Leader in Everest Group's Network Transformation and Managed Services PEAK Matrix® Assessment – System Integrators (SIs) 2023
  12. Wipro was recognized as a Leader in Avasant's Canada Digital and IT Services RadarView™ 2023 - 2024 

Source & Disclaimer: *Gartner, “Magic Quadrant for Public Cloud IT Transformation Services”, Mark Ray, et al, 16 August 2023.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner's research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

The Gartner content described herein (the “Gartner Content”) represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this [type of filing]), and the opinions expressed in the Gartner Content are subject to change without notice. 
About Key Metrics and Non-GAAP Financial Measures
This press release contains key metrics and 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 at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial 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. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.
Our key metrics and non-GAAP financial measures are 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. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, 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 ended September 30, 2023, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website
Quarterly Conference Call

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (9:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- 
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 
About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With nearly 245,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at

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, the benefits its customers experience 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, complete proposed corporate actions, 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 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.

(Rs in millions, except share and per share data, unless otherwise stated)
      As at March 31, 2023   As at September 30, 2023
              Convenience translation into US dollar in millions
Refer footnote
Goodwill     307,970    309,732    3,728 
Intangible assets     43,045    38,109    459 
Property, plant and equipment     88,659    83,086    1,000 
Right-of-Use assets     18,702    17,043    205 
Financial assets              
Derivative assets      29    151   
Investments      20,720    21,629    260 
Trade receivables      863    872    10 
Other financial assets     6,330    5,973    72 
Investments accounted for using the equity method     780    761   
Deferred tax assets     2,100    2,219    27 
Non-current tax assets     11,922    10,878    131 
Other non-current assets     13,606    10,834    130 
Total non-current assets     514,726    501,287    6,033 
Inventories     1,188    1,281    15 
Financial assets              
Derivative assets     1,844    1,999    24 
Investments     309,232    239,847    2,887 
Cash and cash equivalents     91,880    97,896    1,178 
Trade receivables     126,350    108,146    1,302 
Unbilled receivables     60,515    65,292    786 
Other financial assets      9,096    9,155    110 
Contract assets     23,001    24,464    295 
Current tax assets     5,091    5,017    60 
Other current assets     32,899    31,946    385 
Total current assets     661,096    585,043    7,042 
TOTAL ASSETS     1,175,822    1,086,330    13,075 
Share capital     10,976    10,444    126 
Share premium     3,689    1,732    21 
Retained earnings     660,964    577,487    6,951 
Share-based payment reserve     5,632    6,023    72 
Special Economic Zone re-investment reserve     46,803    44,941    541 
Other components of equity     53,100    58,284    702 
Equity attributable to the equity holders of the Company     781,164    698,911    8,413 
Non-controlling interests     589    823    10 
TOTAL EQUITY     781,753    699,734    8,423 
Financial liabilities              
Loans and borrowings     61,272    61,971    746 
Lease liabilities      15,953    14,796    178 
Derivative liabilities     179    40    ^
Other financial liabilities     2,649    1,609    19 
Deferred tax liabilities     15,153    15,315    184 
Non-current tax liabilities     21,777    26,048    314 
Other non-current liabilities     9,333    11,025    133 
Provisions      ^    
Total non-current liabilities     126,316    130,804    1,574 
Financial liabilities              
Loans, borrowings and bank overdrafts     88,821    94,060    1,132 
Lease liabilities     8,620    8,348    100 
Derivative liabilities     2,825    1,582    19 
Trade payables and accrued expenses     89,054    78,857    949 
Other financial liabilities      4,141    2,712    33 
Contract liabilities     22,682    16,738    201 
Current tax liabilities     18,846    21,372    257 
Other current liabilities     30,215    29,873    360 
Provisions     2,549    2,250    27 
Total current liabilities     267,753    255,792    3,078 
TOTAL LIABILITIES     394,069    386,596    4,652 
TOTAL EQUITY AND LIABILITIES     1,175,822    1,086,330    13,075 
^ Value is less than 1              


(Rs in millions, except share and per share data, unless otherwise stated)
      Three months ended September 30,   Six months ended September 30,
      2022   2023   2023   2022   2023   2023
              Convenience translation into US dollar in millions

Refer footnote
Convenience translation into US dollar in millions
Refer footnote
Revenues     225,397    225,159    2,710    440,683    453,469    5,458 
Cost of revenues     (163,835)   (159,191)   (1,916)   (319,435)   (320,452)   (3,857)
Gross profit     61,562    65,968    794    121,248    133,017    1,601 
Selling and marketing expenses     (15,140)   (18,767)   (226)   (30,499)   (35,351)   (426)
General and administrative expenses     (14,976)   (14,124)   (170)   (28,447)   (30,011)   (361)
Foreign exchange gains/(losses), net     1,057    268      2,091    206   
Results from operating activities     32,503    33,345    401    64,393    67,861    816 
Finance expenses     (2,270)   (3,033)   (37)   (4,315)   (6,119)   (74)
Finance and other income     4,040    4,810    58    7,730    11,352    137 
Share of net profit/ (loss) of associates accounted for using the equity method     (72)   (30)   ^   (87)   (27)   ^
Profit before tax     34,201    35,092    422    67,721    73,067    879 
Income tax expense     (7,710)   (8,419)   (101)   (15,641)   (17,534)   (211)
Profit for the period     26,491    26,673    321    52,080    55,533    668 
Profit attributable to:                          
Equity holders of the Company     26,590    26,463    318    52,226    55,164    664 
Non-controlling interests      (99)   210      (146)   369   
Profit for the period     26,491    26,673    321    52,080    55,533    668 
Earnings per equity share:                          
Attributable to equity holders of the Company                          
Basic     4.86    5.06    0.06    9.55    10.30    0.12 
Diluted     4.85    5.04    0.06    9.52    10.27    0.12 
Weighted average number of equity shares                          
used in computing earnings per equity share                          
Basic     5,476,167,685    5,232,867,366    5,232,867,366    5,473,962,200    5,357,394,940    5,357,394,940 
Diluted     5,484,785,054    5,245,641,198    5,245,641,198    5,486,081,940    5,370,078,563    5,370,078,563 
^ Value is less than 1                          

Additional Information:

Particulars Three months ended  Six months ended Year ended
30, 2023
30, 2023
30, 2022
30, 2023
30, 2022
31, 2023
Audited Audited Audited Audited Audited Audited
Segment revenue            
IT Services            
Americas 1 66,813  65,607  65,350  132,420  127,052  261,270 
Americas 2 66,914  68,303  70,030  135,217  136,643  278,374 
Europe 63,976  67,134  62,684  131,110  122,960  256,845 
APMEA 26,255  26,510  27,141  52,765  52,924  106,812 
Total of IT Services 223,958  227,554  225,205  451,512  439,579  903,301 
IT Products 1,469  694  1,249  2,163  3,195  6,047 
Total segment revenue 225,427  228,248  226,454  453,675  442,774  909,348 
Segment result            
IT Services            
Americas 1 15,287  13,537  12,954  28,824  24,524  51,555 
Americas 2 14,023  14,169  14,959  28,192  28,183  59,689 
Europe 7,547  9,968  8,454  17,515  16,440  37,667 
APMEA 2,985  2,800  2,670  5,785  4,739  10,681 
  Unallocated (3,784) (3,957) (5,090) (7,741) (7,934) (18,368)
Total of IT Services 36,058  36,517  33,947  72,575  65,952  141,224 
IT Products (467) (161) (103) (628) (158) (176)
Reconciling Items (2,246) (1,840) (1,341) (4,086) (1,401) (1,442)
Total segment result 33,345  34,516  32,503  67,861  64,393  139,606 
Finance expenses (3,033) (3,086) (2,270) (6,119) (4,315) (10,077)
Finance and other Income 4,810  6,542  4,040  11,352  7,730  18,185 
Share of net profit/ (loss) of associates accounted for using the equity method (30) (72) (27) (87) (57)
Profit before tax 35,092  37,975  34,201  73,067  67,721  147,657 

Effective April 1, 2023, we merged our India State Run Enterprise segment (“ISRE”) with our IT Services segment. Currently, the Company is organized into the following operating segments: IT Services and IT Products.
IT Services: As announced on November 12, 2020, effective January 1, 2021, we re-organized our IT Services segment into four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East Africa (“APMEA”).
Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.
Americas 1 includes Healthcare and Medical Devices, Consumer Goods and Lifesciences, Retail, Transportation and Services, Communications, Media and Information services, Technology Products and Platforms, in the United States of America and entire business of Latin America (“LATAM"). Americas 2 includes Banking, Financial Services and Insurance, Manufacturing, Hi-tech, Energy and Utilities industry sectors in the United States of America and entire business of Canada. Europe consists of United Kingdom and Ireland, Switzerland, Germany, Benelux, Nordics and Southern Europe. APMEA consists of Australia and New Zealand, India, Middle East, South East Asia, Japan and Africa.
IT Products: The Company is 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. Revenue relating to the above items is reported as revenue from the sale of IT Products. 

Reconciliation of selected GAAP measures to Non-GAAP measures
Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)

                         Three Months ended September 30, 2023

IT Services Revenue as per IFRS                                                             $        2,713.3           
Effect of Foreign currency exchange movement                                 $             10.0
Non-GAAP Constant Currency IT Services Revenue based on          $        2,723.3
previous quarter exchange rates                   

                         Three Months ended September 30, 2023

IT Services Revenue as per IFRS                                                              $            2,713.3
Effect of Foreign currency exchange movement                                 $               (29.7)
Non-GAAP Constant Currency IT Services Revenue based on           $           2,683.6
exchange rates of comparable period in previous year
Reconciliation of Free Cash Flow for three months and six months ended September 30, 2023

  Amount in INR Mn
  Three months ended
September 30, 2023
Six months ended
September 30, 2023
Net Income for the period [A] 26,673 55,533
Computation of Free Cash Flow    
Net cash generated from operating activities [B] 38,633 76,146
Add/ (deduct) cash inflow/ (outflow)on:    
Purchase of property, plant and equipment (1,975) (4,184)
Proceeds from sale of property, plant and equipment 3,193 4,223
Free Cash Flow [C] 39,851 76,185
Operating Cash Flow as percentage of Net Income [B/A] 144.8% 137.1%
Free Cash Flow as percentage of Net Income [C/A] 149.4% 137.2%

 Wipro Announces Results for the Quarter-Ended September 30, 2023

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Wipro Announces Results for the Quarter-Ended September 30, 2023


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