CMP : 539
Target Price : 582
For 1QFY2017, Wipro posted a 2.6% sequential growth in its IT services revenues
to US$1,930.8mn (V/s our expectation of US$1,925mn), while in constant
currency (CC) terms the growth was of 2.2% qoq. In terms of geography, the
growth was driven by the USA, which contributed ~53.5% of sales V/s 52.7% in
4QFY2016. On the operating front, EBI..