Wipro has announced results under IFRS for Q1 FY2023, the period ending June 30, 2022.

Q1 FY23:

• Revenue was $2,735.5m, up 13.3% y/y, up 17.2% in CC
• Operating margin was 15.0%, down 3.8 pts y/y.

Q1 FY23 revenue share by region (with estimated $ revenue and y/y growth) was:

• Americas 1 29.1% ($796m, +19.5%, +19.6% in CC)
• America 2 31.3% ($856m, +16.2%, +17.4% in CC)
• Europe 28.3% ($774m, +6.1%, +15.6% in CC)
• APMEA 11.3% ($309m, +9.5%, +15.1% in CC)

Q1 FY23 revenue share by Global Lines (with estimated $ revenue and y/y growth) was:

• iDEAS 61.9% ($1,693.3m, +16.8%, +21.2% in CC)
• iCORE  39.9% ($1,042.2m, +8.1%, +11.1% in CC)

Q1 FY23 revenue share (with estimated $ revenue and y/y growth) by vertical was:

• Communication 5.0% ($137m, +11.5%, +19.8% in CC)
• Consumer Business Unit 18.5% ($506m, +21.0%, +24.4% in CC)
• Energy, Natural Resources & Utilities 11.1% ($304m, -4.1%, +0.8% in CC)
• Finance Solutions 35.4% ($968m, +20.0%, +24.3% in CC)
• Healthcare, Life Sciences & Services 11.5% ($315m,  +9.4%, +10.6% in CC)
• Manufacturing 6.7% ($183m, +9.5%, +13.2% in CC).
• Technology 11.8% ($323m, +9.4%, +12.5% in CC)

TTM client distribution by size of annual revenues (and at end Q1 FY22) was:

• $10m+: 195 (177)
• $20m+: 120 (95)
• $50m+: 50 (42)
• $75m+: 30 (27)
• $100m+: 20 (13).

TTM client contribution to total revenues (and at end Q1 FY22) was:

• Top 1: 3.2% (3.2%)
• Top 5: 13.0% (12.1%)
• Top 10: 20.9% (19.8%)