Wipro Announces Results for the Quarter ended June 30, 2023, Delivers Net Income growth of 12% YoY
Retrieved on:
Thursday, July 13, 2023
Consulting, Technology, Manufacturing, Professional Services, Other Technology, Data Analytics, Software, Artificial Intelligence, Networks, Internet, Engineering, Carbon, Cognition, ISG, IDC, BSE, Rupee, Partnership, Quarter, Accreditation, Airport Carbon Accreditation, International, Carbon footprint, Federal Reserve Board of Governors, CAD, ERP, Automation, USD, Doc, INR, Government, NSE, NPS, NYSE, Limited, Documentation, ACA, International Financial Reporting Standards, Indian rupee, Enterprise resource planning, Quality assurance, Managed services, Yoy, EPS, FDA, Annual report, Cryptocurrency, Rare-earth element, Retail, Beauty salon, Bank, Risk management, 3D printing, Wipro
Our operating Margin for the first quarter was 16% an expansion of 112 basis point YoY.
Key Points:
- Our operating Margin for the first quarter was 16% an expansion of 112 basis point YoY.
- We generated strong operating cash flows at 130% of our net income for the Quarter.
- For constant currency growth rates, refer note 2
IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials. - The QoQ and YoY growth rates for the quarter ended June 30, 2023 were computed by rebaselining ISRE numbers in Q4’23 and Q1’23