ONE STACK, ONE WIPRO, ONE QUESTION MARK

Wipro may not have shown any fireworks but its subtle, perseverant change of GBL model has manifested some good news this year.

- Pratima H

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.