Wipro has announced results under IFRS for Q2 FY2022, the period ending September 30, 2021.

Q2 FY22:

• Revenue was $2,580m, up 29.5% y/y, up 28.8% in CC
• Operating margin was 17.8%, down 2.5 pts y/y.

Q2 FY22 revenue share by Service (with estimated $ revenue and y/y growth) was:

• Americas 1 27.5% ($710m, +19.7%, +19.8% in CC)
• America 2 30.6% ($790m, +31.5%, +30.6% in CC)
• Europe 30.2% ($779m, +50.1%, +48.3% in CC)
• APMEA 11.7% ($302m, +7.7%, +7.7% in CC)

Q2 FY22 revenue share by Global Lines (with estimated $ revenue and y/y growth) was:

• iDEAS 61.3% ($1,482m, +37.7%, +36.8% in CC)
• iCORE  38.7% ($999m, +18.4%, +17.9% in CC)

Q2 FY22 revenue share (with estimated $ revenue and y/y growth) by vertical was:

• Communication 5.0% ($129m, +23.0%, +23.4% in CC)
• Consumer Business Unit 17.3% ($446m, +38.1%, +37.7% in CC)
• Energy, Natural Resources & Utilities 12.3% ($317m, +24.1%, +22.5% in CC)
• Finance Solutions 34.8% ($898m, +44.3%, +42.9% in CC)
• Healthcare, Life Sciences & Services 11.7% ($302m, +10.4%, +10.2%) in CC)
• Manufacturing 6.7% ($173m, +5.9%, +6.2% in CC)
• Technology 12.2% ($315m, +26.1%, +26.2% in CC).

TTM client distribution by size of annual revenues (and at end Q2 FY21) was:

• $10m+: 182 (166)
• $20m+: 100 (100)
• $50m+: 44 (39)
• $75m+: 28 (24)
• $100m+: 15 (11).

TTM client contribution to total revenues (and at end Q2 FY21) was:

• Top 1: 3.1% (3.2%)
• Top 5: 12.5% (12.0%)
• Top 10: 20.1% (19.6%).

Revenue guidance for Q3 FY22 is in the range of $2,631m to $2,683m.