Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.
IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.
Reconciliation of selected GAAP measures to Non-GAAP measures
1. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)
Three Months ended December 31, 2024
IT Services Revenue as per IFRS $2,629.1
Effect of Foreign currency exchange movement $32.3
--------
Non-GAAP Constant Currency IT Services Revenue based on previous
quarter exchange rates $2,661.4
-------------------------------------------------------------------- --------
Three Months ended December 31, 2024
IT Services Revenue as per IFRS $2,629.1
Effect of Foreign currency exchange movement $9.1
--------
Non-GAAP Constant Currency IT Services Revenue based on exchange
rates of comparable period in previous year $2,638.1
-------------------------------------------------------------------- --------
2. Reconciliation of Free Cash Flow for three months and nine months ended December 31, 2024
Amount in INR Mn
-------------------------------------- --------------------------------------
Three months ended Nine months ended
December 31, 2024 December 31, 2024
-------------------------------------- ------------------ ------------------
Net Income for the period [A] 33,667 96,299
-------------------------------------- ------------------ ------------------
Computation of Free Cash Flow
-------------------------------------- ------------------ ------------------
Net cash generated from operating
activities [B] 49,312 131,961
-------------------------------------- ------------------ ------------------
Add/ (deduct) cash inflow/
(outflow)on:
-------------------------------------- ------------------ ------------------
Purchase of property, plant and
equipment (2,845) (7,862)
-------------------------------------- ------------------ ------------------
Proceeds from sale of property, plant
and equipment 57 1,516
-------------------------------------- ------------------ ------------------
Free Cash Flow [C] 46,524 125,615
-------------------------------------- ------------------ ------------------
Operating Cash Flow as percentage of
Net Income [B/A] 146.5% 137.0%
-------------------------------------- ------------------ ------------------
Free Cash Flow as percentage of Net
Income [C/A] 138.2% 130.4%
-------------------------------------- ------------------ ------------------
View source version on businesswire.com: https://www.businesswire.com/news/home/20250117027070/en/
CONTACT: Contact for Investor Relations
Dipak Kumar Bohra
Phone: +91-80-6142 7201
dipak.bohra@wipro.com
Abhishek Jain
Phone: +91-80-6142 6143
abhishek.jain2@wipro.com
Contact for Media & Press
Dinesh Joshi
Phone: +91 92052-64001
media-relations@wipro.com
(END) Dow Jones Newswires
January 17, 2025 09:51 ET (14:51 GMT)
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