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Complete financial analysis of Wipro Limited (WIT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wipro Limited, a leading company in the Information Technology Services industry within the Technology sector.
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Wipro Limited (WIT)
About Wipro Limited
Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 897.60B | 904.88B | 790.93B | 619.43B | 610.23B | 585.85B | 544.87B | 550.40B | 512.44B | 469.55B | 434.27B | 374.26B | 318.75B | 271.44B | 271.96B | 256.89B | 197.43B | 149.78B | 106.30B | 81.35B | 58.56B | 42.84B | 33.44B | 30.53B | 23.00B |
| Cost of Revenue | 631.50B | 645.45B | 555.87B | 423.21B | 436.09B | 413.03B | 385.58B | 391.54B | 356.72B | 321.28B | 295.49B | 260.67B | 225.79B | 186.61B | 186.30B | 180.22B | 139.24B | 102.43B | 71.77B | 53.84B | 39.08B | 27.16B | 20.64B | 18.85B | 14.85B |
| Gross Profit | 266.11B | 259.43B | 235.06B | 196.23B | 174.15B | 172.81B | 159.30B | 158.86B | 155.72B | 148.26B | 138.78B | 113.59B | 92.95B | 84.82B | 85.66B | 76.68B | 58.19B | 47.35B | 34.52B | 27.51B | 19.48B | 15.69B | 12.80B | 11.68B | 8.15B |
| Gross Profit Ratio | 29.65% | 28.67% | 29.72% | 31.68% | 28.54% | 29.50% | 29.24% | 28.86% | 30.39% | 31.58% | 31.96% | 30.35% | 29.16% | 31.25% | 31.50% | 29.85% | 29.48% | 31.61% | 32.48% | 33.82% | 33.26% | 36.62% | 38.28% | 38.27% | 35.44% |
| Research & Development | 0.00 | 3.68B | 2.93B | 3.70B | 4.62B | 3.94B | 3.04B | 3.34B | 2.56B | 2.51B | 2.66B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 400.00M | 259.21M | 202.74M | 262.01M | 232.54M | 236.97M | 213.23M | 0.00 | 0.00 |
| General & Administrative | 113.33B | 107.04B | 88.96B | 34.69B | 29.82B | 35.95B | 34.14B | 56.30B | 50.89B | 47.39B | 44.07B | 38.40B | 30.67B | 16.84B | 14.82B | 14.51B | 10.82B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 6.42B | 7.76B | 4.85B | 41.40B | 42.91B | 44.51B | 42.35B | 8.21B | 8.26B | 6.76B | 6.56B | 5.67B | 4.41B | 14.04B | 18.61B | 17.31B | 13.81B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 119.76B | 114.80B | 93.81B | 76.09B | 72.73B | 80.46B | 76.49B | 64.51B | 59.14B | 54.14B | 50.63B | 44.07B | 35.08B | 30.89B | 33.43B | 31.82B | 24.63B | 16.85B | 12.02B | 9.21B | 8.47B | 6.21B | 4.35B | 4.58B | 3.82B |
| Other Expenses | 10.25B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 130.01B | 124.30B | 99.13B | 76.17B | 71.59B | 76.12B | 76.49B | 68.76B | 62.72B | 56.48B | 52.79B | 46.25B | 36.37B | 30.89B | 33.81B | 31.82B | 24.48B | 17.41B | 12.51B | 9.65B | 8.55B | 6.21B | 4.37B | 4.16B | 4.66B |
| Cost & Expenses | 761.50B | 769.74B | 655.00B | 499.37B | 507.67B | 489.15B | 462.07B | 460.30B | 419.45B | 377.76B | 348.27B | 306.91B | 262.16B | 217.50B | 220.11B | 212.04B | 163.71B | 119.84B | 84.28B | 63.49B | 47.64B | 33.36B | 25.00B | 23.01B | 19.51B |
| Interest Income | 19.48B | 16.89B | 13.11B | 18.44B | 21.76B | 20.26B | 17.81B | 18.07B | 20.36B | 15.69B | 12.49B | 8.43B | 6.53B | 4.04B | 4.36B | 1.96B | 1.51B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 12.55B | 10.08B | 5.33B | 4.30B | 5.14B | 5.62B | 3.45B | 2.68B | 1.21B | 768.00M | 868.00M | 863.00M | 937.00M | 767.00M | 1.32B | 1.23B | 1.06B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 34.07B | 31.59B | 30.91B | 25.24B | 20.86B | 17.16B | 20.48B | 20.05B | 14.97B | 12.82B | 11.11B | 10.84B | 10.13B | 8.21B | 7.83B | 6.95B | 6.07B | 4.32B | 3.86B | 2.93B | 2.33B | 1.75B | 1.54B | 1.10B | 835.98M |
| EBITDA | 193.83B | 189.38B | 165.30B | 168.41B | 122.28B | 114.65B | 126.41B | 133.08B | 107.96B | 128.11B | 97.10B | 92.12B | 83.04B | 72.53B | 64.57B | 53.08B | 43.27B | 34.26B | 25.88B | 20.79B | 13.25B | 11.23B | 9.97B | 8.63B | 4.33B |
| EBITDA Ratio | 21.59% | 20.49% | 22.76% | 26.85% | 23.80% | 23.28% | 22.34% | 23.85% | 25.04% | 25.62% | 25.24% | 23.14% | 22.98% | 24.38% | 23.55% | 21.27% | 21.77% | 21.37% | 23.50% | 24.86% | 20.71% | 24.12% | 27.45% | 26.74% | 15.98% |
| Operating Income | 136.10B | 139.61B | 140.29B | 123.05B | 105.73B | 99.91B | 84.29B | 93.88B | 96.86B | 95.42B | 89.35B | 69.97B | 59.91B | 54.44B | 51.84B | 43.30B | 33.71B | 29.94B | 22.01B | 17.86B | 10.92B | 9.48B | 8.43B | 7.53B | 3.49B |
| Operating Income Ratio | 15.16% | 15.43% | 17.74% | 19.87% | 17.33% | 17.05% | 15.47% | 17.06% | 18.90% | 20.32% | 20.58% | 18.70% | 18.80% | 20.06% | 19.06% | 16.86% | 17.08% | 19.99% | 20.71% | 21.95% | 18.66% | 22.12% | 25.22% | 24.65% | 15.19% |
| Total Other Income/Expenses | 11.11B | 8.05B | 10.99B | 15.95B | 16.78B | 15.51B | 18.18B | 16.48B | 18.07B | 16.26B | 11.65B | 8.62B | 9.51B | 7.95B | 3.57B | 1.60B | 2.42B | 2.98B | 1.57B | 742.36M | 759.83M | 331.75M | 984.87M | 33.57M | 366.07M |
| Income Before Tax | 147.21B | 147.66B | 151.28B | 139.01B | 122.51B | 115.42B | 102.47B | 110.36B | 114.93B | 111.68B | 101.01B | 78.60B | 65.52B | 59.15B | 55.41B | 44.90B | 36.14B | 32.92B | 23.58B | 18.60B | 11.68B | 9.81B | 9.42B | 7.56B | 3.86B |
| Income Before Tax Ratio | 16.40% | 16.32% | 19.13% | 22.44% | 20.08% | 19.70% | 18.81% | 20.05% | 22.43% | 23.79% | 23.26% | 21.00% | 20.56% | 21.79% | 20.37% | 17.48% | 18.30% | 21.98% | 22.18% | 22.87% | 19.95% | 22.90% | 28.16% | 24.76% | 16.78% |
| Income Tax Expense | 36.09B | 33.99B | 28.95B | 30.35B | 24.80B | 25.24B | 22.39B | 25.21B | 25.37B | 24.62B | 22.60B | 16.91B | 12.96B | 8.88B | 9.29B | 6.04B | 3.87B | 3.72B | 3.27B | 2.71B | 1.61B | 1.33B | 1.01B | 1.15B | 525.50M |
| Net Income | 110.45B | 113.50B | 122.19B | 107.95B | 97.22B | 90.03B | 80.08B | 84.90B | 89.08B | 86.53B | 77.97B | 66.36B | 55.73B | 52.98B | 45.93B | 38.86B | 32.24B | 29.25B | 20.31B | 15.85B | 10.01B | 8.10B | 8.32B | 6.43B | 3.55B |
| Net Income Ratio | 12.31% | 12.54% | 15.45% | 17.43% | 15.93% | 15.37% | 14.70% | 15.42% | 17.38% | 18.43% | 17.95% | 17.73% | 17.48% | 19.52% | 16.89% | 15.13% | 16.33% | 19.53% | 19.10% | 19.48% | 17.10% | 18.92% | 24.89% | 21.07% | 15.45% |
| EPS | 20.82 | 20.72 | 22.35 | 19.11 | 16.67 | 14.99 | 12.64 | 13.11 | 13.58 | 13.22 | 11.91 | 10.14 | 8.54 | 8.15 | 5.98 | 6.00 | 5.00 | 4.57 | 3.24 | 2.56 | 1.58 | 1.37 | 1.36 | 1.05 | 0.59 |
| EPS Diluted | 20.82 | 20.68 | 22.29 | 19.07 | 16.62 | 14.95 | 12.62 | 13.07 | 13.55 | 13.17 | 11.87 | 10.12 | 8.51 | 8.10 | 5.95 | 5.96 | 4.99 | 4.52 | 3.20 | 2.54 | 1.58 | 1.37 | 1.36 | 1.04 | 0.58 |
| Weighted Avg Shares Out | 5.31B | 5.48B | 5.47B | 5.65B | 5.83B | 6.01B | 6.33B | 6.48B | 6.55B | 6.55B | 6.55B | 6.54B | 6.53B | 6.50B | 6.48B | 6.46B | 6.45B | 6.34B | 6.25B | 6.18B | 6.17B | 5.90B | 6.10B | 6.12B | 6.08B |
| Weighted Avg Shares Out (Dil) | 5.31B | 5.49B | 5.48B | 5.66B | 5.85B | 6.02B | 6.34B | 6.50B | 6.56B | 6.57B | 6.57B | 6.56B | 6.55B | 6.54B | 6.52B | 6.50B | 6.47B | 6.42B | 6.33B | 6.22B | 6.17B | 5.91B | 6.11B | 6.17B | 6.10B |
Sell Infosys, Wipro stocks as they are ‘highly exposed' to earnings risks, analyst says
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Wipro Expands Google Cloud Partnership to Advance Enterprise Adoption of Generative AI
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Wipro appoints Soeren Lorenzen as Chief Growth Officer, APMEA
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India's Wipro to consider share buyback at board meeting this week
Source: https://incomestatements.info
Category: Stock Reports
What were the large deal bookings for Wipro in FY24?
FY 24 Large deal bookings at $4.6 billion, a YoY increase of 17.4%. Operating cash flows at 158.6% of net income for the year.
How did Wipro’s operating cash flow change in FY24?
WIPRO’s cash flow from operating activities (CFO) during FY24 stood at Rs 176 billion, an improvement of 34.9% on a YoY basis. Cash flow from investing activities (CFI) during FY24 stood at Rs 12 billion on a YoY basis. Cash flow from financial activities (CFF) during FY24 stood at Rs -183 billion on a YoY basis.
What was Wipro’s operating margin for the quarter ended September 30, 2024?
Wipro operating margin for the quarter ending September 30, 2024 was 15.73%. Wipro average operating margin for 2023 was 15.5%, a 5.83% increase from 2022. Wipro average operating margin for 2022 was 16.46%, a 15.98% decline from 2021.
How did Wipro’s IT services segment perform in FY24?
IT services segment operating margin increases 40 bps QoQ. Net income increases 5.2% QoQ. FY 24 Large deal bookings at $4.6 billion, a YoY increase of 17.4%. Operating cash flows at 158.6% of net income for the year.