Wipro

By Research Desk
about 12 years ago

 

The company posted a set of flat numbers for Q4FY13 with consolidated net profit, on a YoY, rise 17% at Rs.1729 crore on a 12% rise in revenue at Rs.11,026 crore. And it ended FY13 with a 16% surge in revenue at Rs.43,361 crore and a 19% rise in net profit at Rs.6636 crore.  But again the most worrisome part about the numbers is that the company has given a muted guidance for the Q1FY14, stating that it expects revenues from IT services business to be in the range of US$ 1,575 million - 1,610 million, which is actually a 0.6% decline on a sequential basis. . IT services revenue of the company in Q4, came in at US$ 1,581.1 million and this was more or less as per the guidance of US$1.585-1.625 billion. This muted guidance of Q1FY14, the company has stated as seasonally, Q1 is always weak, in fact the worst in terms of revenue from India.

 

In terms of growth in verticals, sequentially, finance solutions and global media and telecom were down. Manufacturing and hitech showed a 3.3% growth and healthcare, life sciences and services grew 2.4%. Retail and transportation was flat while energy, natural resources and utilities grew 2.4%.  And in terms of geography, America remains the biggest contributor and it showed a muted growth of 1% and the highest growth was reported in India, which sequentially rose 8%. Europe in fact fell 3.4%. In terms of price realization, onsite (QoQ) fell 3.4% but YoY it grew 1% and price realization offshore fell 2% (QoQ) and YoY it was flat. Total employee strength at end of FY13 was at 1,45,812 and the good news is that its Q4 employee attrition rate was the lowest in two years at 12.5%

571.40 (+14.20)