X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Wipro: Good end to an otherwise tepid year - Views on News from Equitymaster
StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Wipro: Good end to an otherwise tepid year
Apr 27, 2011

Wipro has announced the fourth quarter results of financial year 2010-2011 (4QFY11). The company has reported a 6.2% QoQ and 4.3% QoQ growth in sales and net profits respectively. Here is our analysis of the results.

Performance summary
  • Sales grow by 6.2% QoQ during the quarter. This was driven by 1.9% QoQ growth in volumes. For the year ended March 2011, sales grew by 14.5% YoY.
  • Operating margins decline by 0.7% QoQ due to higher selling and distribution expenses (as a percentage of sales). For the full year FY11, operating margins declined to 21.0% from the 22.1% seen for the same period last year.
  • Net profits grow by 4.3% QoQ. The lower operating margins were offset by higher other income and lower tax expenses. For the full year FY11 (year ended March 2011), net profits increased by 15.3% YoY. This was on account of higher other income as well as lower tax expenses.
  • Employee strength of the IT services business stood at 122,385 at the end of March 2011. IT services added 2,894 (net) employees during 4QFY11. Attrition rose to 22.7% as compared to 21.6% for the last quarter (December 2010).
  • IT services segment adds 68 new clients during the quarter, thereby taking the total count of active clients to 904.
  • Gross utilization rate was marginally up to 68.9% during the quarter as compared to 68.6% seen last quarter (3QFY11).
  • Declares a final dividend of Rs 4 per share (yield of 0.9%). Including this total dividend for the year would be Rs 6 per share (yield of 1.3%).

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

WIPRO SHARE PRICE


Feb 23, 2018 (Close)

TRACK WIPRO

WIPRO - HP COMPARISON

COMPARE WIPRO WITH

MARKET STATS