Wipro revenue up 12% to $2.1 bn in Q4

Wipro President and COO Abid Abid Ali Neemuchwala
IT services provider Wipro said its revenue rose 12 percent to $2.1 billion in the fourth quarter of fiscal 2016. IT services revenue of Wipro rose 6.1 percent to $1,882 million.

The Bangalore-based Wipro said its revenue rose 9 percent to $7.7 billion in fiscal 2016. Wipro’s IT services revenue rose 3.7 percent to $7,346 million.

Contribution of Wipro businesses in fiscal 2016

Global Infrastructure Services 28.3%
Analytics 7.4%
Business Process Services 9.8%
Product Engineering 7.9%
Application Services 46.6%
R&D Business 10.8% Consulting 1.7%

Main industry verticals

Media & Telecom 13.3%
Finance Solutions 26.3%
Manufacturing & Hitech 18.6%
Healthcare, Life Sciences & Services 12%
Retail, Consumer Goods & Transportation 15.2%
Energy, Natural Resources & Utilities 14.6%

Wipro revenue from geographies

Americas 52.7%
Europe 25.3%
India & Middle East 10.8%
APAC and Other Emerging Markets 11.2%

Wipro CEO Abidali Z Neemuchwala said: “Our focus is to drive growth in our ‘run’ business through integrated services and hyper-automation while gaining leadership in the ‘change’ business through investments in Digital and Consulting capabilities, IP-based platforms & products and creating differentiated domain solutions for non-linear growth.”

Wipro expects revenues from IT Services business to be in the range of $1,901 million to $1,939 million.

Wipro’s IT Services segment had a headcount of 172,912 as of March 31, 2016. Wipro added 119 new customers during the quarter including the customers of cellent and HealthPlan Services.

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