Wipro Q1FY18

1. USD revenue up 0.9% at USD 1,971.7 million v/s USD 1,954.6 million (QoQ)
2. EBIT margin at 16.8% v/s adjusted 17.6% (QoQ)
3. Constant currency growth at 0.3% v/s guidance of -2% to 0%
4. Rupee revenue at Rs 13,025.6 cr v/s Rs 13,402 cr (QoQ)
5. Board approves buyback upto 343.75 million shares
6. Board approves buyback via tender offer at Rs 320/ share
7. Expect Q2 dollar IT revenue in the range of USD 1,962-USD 2,001 million
8. Delivered revenue above upper end of guidance range
9. Impact of margin by rupee appreciation & salary hike offset by business efficiencies
10. Expect dollar revenue growth for Q2 in the range of -0.5% to 1.5%