Wipro to announce Q1 earnings today; key things to watch out for

The IT firm is seen reporting 3-5% growth in net profit in rupee terms

Wipro, country's third largest software services firm, is expected to report a marginal sequential drop in constant currency revenue for the June quarter later in the day, while the company will also consider a proposal for buyback of its equity shares.

Analysts believe revenue growth in CC terms would be well within its earlier guidance of negative 2% to nil growth for the quarter. In dollar terms, the revenue is seen declining by 0.1-0.5%.   

The IT firm is seen reporting 3-5% growth in net profit (rupee terms), while it is expected to post a 60-100 basis points sequential fall