Wipro, one of the leading software exporters, will be announcing its first quarter financial results today, Jul. 23, 2015.

Angel Broking expects the company to post USD IT services revenues at USD 1,770 million compared to USD 1,775 million in the fourth quarter of FY15.

The guidance for the first quarter of FY16 was USD 1,765-1,793 million showing a negative 0.5 to 1% qoq growth. In rupee terms, the revenues are expected to come in at Rs 122.07 billion compared to Rs 121.42 billion in March 2015.

The EBDITA is expected to come in at 23.0% and EBIT is expected to be around 20.0%, both almost flat. Consequently the PAT is expected to come in at Rs 22.61 billion compared to Rs 22.72 billion in March 2015, a dip of 0.5% qoq.

Angel Broking said that, ''The key factors to watch out 1) Outlook on Energy vertical, 2) Commentary on large deal wins and 3) Outlook for 2QFY2016."

"We maintain our buy rating on the stock with a target price of Rs 753,'' it added.

Shares of the company gained Rs 3.95, or 0.67%, to trade at Rs 589.30. The total volume of shares traded was 30,416 at the BSE (10.01 a.m., Thursday).