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View Promises →Wipro Limited — Q3 FY24
Wipro delivered a strong Q3 FY24 with constant currency revenue growth of 3% QoQ and 27.5% YoY, driven by broad-based demand across markets and service lines.
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Wipro delivered a strong Q3 FY24 with constant currency revenue growth of 3% QoQ and 27.5% YoY, driven by broad-based demand across markets and service lines. Operating margin of 17.6% exceeded the guided range, reflecting operational discipline despite wage hikes. Total contract value bookings reached $2.85 billion ACV, with a 50% YoY increase in $10M-$30M deal wins, indicating robust pipeline conversion. Management guided Q4 revenue growth of 2%-4% CC, implying full-year growth of 27%-28%. Key growth drivers include cloud, digital, and engineering services, with Europe growing 38% YoY. Attrition is stabilizing and expected to moderate in Q4. Risk: supply-side pressure from elevated attrition and wage inflation could constrain growth if demand accelerates further.
विप्रो ने तीसरी तिमाही में अच्छा प्रदर्शन किया। कंपनी की कमाई पिछली तिमाही से 3% और पिछले साल की समान तिमाही से 27.5% बढ़ी। इसकी वजह सभी बाजारों और सेवाओं में मांग बढ़ना है। कंपनी का मुनाफा 17.6% रहा, जो अनुमान से बेहतर है। नए अनुबंधों की कुल कीमत 2.85 अरब डॉलर रही, जिसमें बड़े सौदों में 50% की बढ़ोतरी हुई। अगली तिमाही में कमाई 2-4% बढ़ने का अनुमान है। क्लाउड, डिजिटल और इंजीनियरिंग सेवाओं से वृद्धि हो रही है। यूरोप में कारोबार 38% बढ़ा। कर्मचारियों के जाने का सिलसिला कम हो रहा है। लेकिन अगर मांग और बढ़ी तो वेतन बढ़ने से दबाव पड़ सकता है।
Promises0 met · 2 missedRisks4 trackedTranscriptfull text
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Elevated attrition and supply-side pressure
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Total Contract Value (ACV) Bookings
$2.85B
+27% YTD
Annual contract value for Q3; year-to-date growth of 27%.
Win Rate Expansion
300 bps
+300bps YoY
Win rate improved 300 basis points year-to-date.
Fresher Hiring (FY22)
17,500
+70% YoY
70% more freshers hired in FY22 vs prior year.
Europe Revenue Growth
38%
+38% YoY
Europe grew 38% YoY; Germany nearly doubled.
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Guidance and risk preview
Management guided sequential constant currency revenue growth of 2%-4% for Q4 FY24.
Attrition remains high, especially in high-growth areas like cloud and data, with 3-8 year experience band most affected.
View Risks →