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ONE STACK, ONE WIPRO, ONE QUESTION MARK
DataQuest
|August 2023
Wipro may not have shown any fireworks but its subtle, perseverant change of GBL model has manifested some good news this year.
THIERRY DELAPORTE
CEO and MD
Thierry Delaporte, CEO and Managing Director
"WE CLOSED FY23 WITH THE STRONGEST-EVER BOOKINGS RECORDED IN A YEAR. WE DELIVERED TWO CONSECUTIVE QUARTERS OF TOTAL BOOKINGS OF OVER $4.1 BILLION. OUR LARGE DEAL ORDER BOOKING GREW BY 155% YEAR-OVER-YEAR FOR THE QUARTER."
RANK 4 WIPRO
While other biggies struggled to keep their heads out of water in a post-SVB and post-pandemic storm; Wipro has managed to swim with slow, but forward, strokes.
Its FY 22-23 revenue crossed US$11 billion, a growth of 11.5 per cent YoY in constant currency terms. The large deal total contract value (i.e., deals greater than or equal to US$30 million in total contract value) in the fiscal year 2023 was at US$ 3.9 billion, which grew 66.5 per cent year-on-year. IT services operating profit is the highest ever, at US$1.7 billion for the year. For the year ended March 31, 2023, gross revenue reached 1904.9 billion (US$11.0 billion1), an increase of 14.4 per cent YoY. IT services segment revenue increased to US$11,159.7 million, an improvement of 7.8 per cent YoY.
This story is from the August 2023 edition of DataQuest.
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