On sequential basis, for the quarter ended September 2014, Wipro consolidated sales grew 5% to 11816.00 crore. OPM fell 150 basis points to 22.1% which saw OP falling 2% to `2613.70 crore.

1. WIPRO
Current Price:
VALUE PARAMETERS
Price (`) 554.10
52 W H/L( `
) 621.50/465.40
Mkt. Cap.( `
Cr) 136755.19
Latest Equity(Subscribed) 493.61
Latest Reserve (cons.) 31635.70
Latest EPS (cons.) -Unit Curr. 34.15
Latest P/E Ratio -cons 16.22
Latest Bookvalue(cons.) -Unit Curr. 130.18
Latest P/BV - cons 4.26
Dividend Yield -% 1.43
Face Value 2.00
`554.10
STOCK DATA
BSE Code 507685
NSE Symbol WIPRO
Reuters WIPR.BO
Bloomberg WPRO IN
SHARE HOLDING PATTERN (%)
Description as on % of Holding
30/09/2014
Foreign 12.13
Institutions 4.55
Non Promoter Corp. Hold. 3.91
Promoters 73.43
Public & Others 5.98
Consolidated Results In Cr.
Particulars Qtr Ending Qtr Ending Var. Qtr Ending Var.
Sep 14 Jun 14 (%) 13 (%)
Sales 11816.00 11245.50 5 10990.70 8
OPM (%) 22.10 23.70 22.80
OP 2613.70 2660.50 -2 2503.80 4
Other Inc. 510.90 423.90 21 341.20 50
PBIDT 3124.60 3084.40 1 2845.00 10
Interest 98.90 88.80 11 65.60 51
PBDT 3025.70 2995.60 1 2779.40 9
Dep. 307.50 283.40 9 261.60 18
PBT 2718.20 2712.20 0 2517.80 8
Tax 619.90 594.20 4 575.40 8
PAT 2098.30 2118.00 -1 1942.40 8
Minority Interest -13.50 -14.80 -9 -10.30 31
Net Profit 2084.80 2103.20 -1 1932.10 8
EPS(`) 8.45 8.53 7.84
Sequential Quarterly performance
On sequential basis, for the quarter ended September 2014, Wipro consolidated sales grew 5%
to `
11816.00 crore. OPM fell 150 basis points to 22.1% which saw OP falling 2% to `2613.70
crore.
Other income grew 21% to ` 510.90 crore and interest cost grew 11% to `
98.90 crore. After
providing for depreciation (up 9% to ` 307.50 crore), PBT stagnated at `
2718.20 crore.
Provision for taxation grew 4% to ` 619.90 crore after which PAT fell 1% to `
2098.30 crore.
Minority interest went down 9% to ` 13.50 crore after which net profit fell 1% to `
2084.8 crore.
During the quarter, non-GAAP constant currency IT Services Revenue in dollar terms was
$1,793.1 million, a growth of 3.0% q-o-q, within its guidance range of $1,770 million to $1,810
million.
y-o-y results
On y-o-y basis, for the quarter ended September sales grew 8% and OPM fell from 22.8% to
22.1% which saw OP grow 4%. PBT grew 8% and net profit went up 8%
IT Services Segment Result was Rs 2400 crore ($388 million), an increase of 6% YoY.
Global Infrastructure Services business stood at 26.8% of sales in September 2014 quarter
against 25.3% q-o-q and 23.8% y-o-y.
Finance Solutions vertical accounted for 26.0% of sales in September 2014 quarter against
26.7% q-o-q and 26.4% y-o-y.
Healthcare and Life Sciences & Services vertical accounted for 11.2% of sales in September
2014 quarter against 10.8% q-o-q and 10.1% y-o-y.
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Sep
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October 29, 2014

2. Americas accounted for 51.0% of sales in September 2014 quarter against 49.8% q-o-q and
49.8% y-o-y.
Europe accounted for 527.8% of sales in September 2014 quarter against 29.6% q-o-q and
28.9% y-o-y.
India & Middle East business accounted for 9.2% of sales in September 2014 quarter against
9.1% q-o-q and 8.3% y-o-y.
APAC and Other Emerging Markets business accounted for 12.0% of sales in September 2014
quarter against 11.5% q-o-q and 13.0% y-o-y.
$ 100 million clients stood at 10 in September 2014 quarter against 10 q-o-q and 10 y-o-y. $ 75
million clients stood at 15 in September 2014 quarter against 14 q-o-q and 15 y-o-y. $ 1 million
clients stood at 524 in September 2014 quarter against 511 q-o-q and 487 y-o-y.
Outlook for the Quarter ending December 31, 2014
The management expects Revenues from its IT Services business to be in the range of $ 1,808
million to $ 1,842 million*.
*Guidance is based on the following exchange rates: GBP/USD at 1.65, Euro/USD at 1.31,
AUD/USD at 0.92, USD/INR at 60.76 and USD/CAD at 1.10
The IT Services segment had a headcount of 154,297 as of September 2014. It added Over
6800 employees.
Other Development
The company added 50 new customers during the quarter. Globally it won contracts from clients
like CLK Enerji (Turkey's largest electricity distribution and retail sales company), Philip Morris
International, British Petroleum.
During the quarter, Wipro completed the transaction announced on July 18, 2014 with ATCO
Limited and the financials of the entities taken over were consolidated from August 2014.
The company sees immense opportunity in Digital field.
Wipro Digital has been chosen to partner in the digital transformation journey of a leading UK
insurance firm, which is poised to re-imagine all aspects of its Life Insurance customer
proposition, from engagement to servicing to product innovation. As a partner of choice, Wipro
will establish a digital capability which offers a broad based human-centric design proposition,
with an architecture directly focused on addressing core customer needs.
While the industry landscape is still undergoing change, wipro sees multiple opportunity spaces
for growth and gaining market share.
It continues to execute to its stated strategy of leveraging platforms for non-linear growth and
creating differentiated solutions around the new technology paradigms.
In Q2, the company continued to build on leadership position in Infrastructure Services and
continued the momentum of deal wins.
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3. ®
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During the quarter, the benefits of rupee depreciation were negated by the US Dollar's
appreciation against other major currencies.
The company is seeing positive sentiment in India with the confidence that the Government is
focused on driving an agenda of growth.
Business leaders in the US continue to exhibit increased confidence on growth prospects.
US Based clients are increasingly looking to drive business value from their technology
investments.
Management comments
Azim Premji, Chairman of Wipro, said, "Business leaders in the US continue to exhibit
increased confidence on growth prospects. Clients are increasingly looking to drive business
value from their technology investments. We are seeing positive sentiment in India with the
confidence that the Government is focused on driving an agenda of growth.
The company sees good momentum in large deals. It expects H2FY15 (October-March) to be
better than H1FY15. According to him, the current demand environment is better than last year.
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