Share buyback to health care: 5 highlights of Wipro's June quarter results

Wipro Chairman Azim Premji has reassured shareholders of growth coming from the US

Wipro, India’s third-largest IT services firm, may report a drop in IT services revenue as analysts forecast degrowth, ranging from 80 basis points to more than 1 per cent, during the April-June quarter. As the company will announce the first quarter results after market hours today, brokerage firms say that Wipro’s revenue numbers are likely to be within its guidance band — two per cent to zero per cent in constant currency, given as they foresee the delay in decision making in the US impacting the healthcare segment.

Wipro’s earning before interest and taxes (EBIT) is likely to be impacted