Markets, sectors and Global Business Lines growing in double-digits y-o-y, says Delaporte
Wipro Ltd said it continued its momentum in winning large deals, three of which were in the United States, and one each in the Nordic and Europe
“Our efforts on client mining have resulted in an addition of eight customers in more than US$100 million bucket on YoY basis,” said Chief Financial Officer Jatin Dalal in announcing the group’s financial results for the year ended 31 March 2022.
The deals:
A US-based global healthcare company will leverage Wipro FullStride Cloud Services to engineer products for cloud and digital technologies based on a Product Oriented Delivery (POD) model.
A US-based multinational technology company has renewed its existing contract to curate geospatial information that will enable the customer with evaluations and recommendations on map modelling processes.
A leading US-based global benefits and payroll administration company has awarded Wipro a transformational business process services contract to optimize costs in health & wealth benefits and customer care.
A multinational telecommunications network company, headquartered in the Nordics, has awarded Wipro a contract to drive transformation and digitalization of business processes that enhances customer value through high quality service delivery.
A leading Europe-based provider of transport solutions has partnered with Wipro to transform their digital workplace, supporting the shift towards sustainable transport solutions.
Wipro also continue to see increasing traction in digital oriented and other strategic deals as illustrated below:
A leading global cosmetics company has selected Wipro to rollout their SAP S/4HANA in a region that will drive their business growth. This transformation will enable the customer to harmonize their business processes, accelerate time to market, innovate, and enhance user experience.
A leading Asia-based multinational automotive electronics supplier has selected Wipro to develop the engineering blueprint for their next generation software defined vehicle platform using Wipro’s Cloud Car architecture.
Designit has been selected by a multinational technology conglomerate to design a digital onboarding experience and support hybrid working needs of employees of a large company in the mobility sector.
A Smart City based in the Middle East has selected Wipro to build a secure, reliable on-demand 5G network using autonomous drones for the high-bandwidth requirements of residents, businesses, and visitors.
A Europe based financial services company has renewed its Data Center and cloud infrastructure management contract with Wipro to support its transformation to a Hybrid Cloud model.
A government body based in the Middle East has selected Wipro as the digital partner to build a data-led AI marketplace that will bring the local talent, government and private sector together.
Wipro is engaged as the primary partner to design and develop hardware for a series of RUs (radio units) to enable end to end O-RAN 5G solution deployment for service provider customers with one of the leading US based telecommunications networking provider.
Wipro CEO and Managing Director Thierry Delaporte elaborated, “We have had an outstanding year, finishing with US$10.4 billion in revenues, and an industry-leading growth of 27% year on year.
“This is our sixth straight quarter of strong revenue growth at or over 3%. We are excited with the addition of Rizing and the CAS Group to Wipro’s service offerings. With all markets, sectors and Global Business Lines now growing in double-digits year on year, we have a strong foundation for next year’s growth.”
“We delivered operating margins of 17.7% for the year, after significant investments on solutions, capabilities and talent. Net Income for the year was highest ever at US$1.6 billion and delivered robust growth in EPS of 17.0% YoY,” Dalal said on 29 April 2022.
Results for the year ended 31 March 2022 are:
Gross Revenue was Rs.790.9 billion (US$10.4 billion), an increase of 27.7% YoY;
IT Services Segment Revenue was at US$10,355.9 million, an increase of 27.3% YoY; Net Income for the year was Rs.122.2 billion (US$1,610.5 million), an increase of 13.2% YoY. fiinews.com
