As India's third largest sotware exporter will report its results later today , the street expects a slight revenue decline on a sequential basis and a buyback.

Analysts that BusinessLine spoke to said that dollar revenue is expected to de-grow by 0.3 per cent on a sequential basis and constant currency growth is expected at 1.2 per cent. Wipro had guided for a revenue growth in the range of negative 2 per cent to 0 per cent over its Q4 revenue of $1,954.6 million.

In rupee terms, Wipro is expected to report an increase in net profit of 1.6 per cent on a sequential basis at Rs 2,124.90 crore in June quarter when compared to Rs 2,090 crore for the March quarter. Revenue growth is expected to be flat. Brokerage firm IDBI Capital forecasts its IT services revenue to decline by 1.5 per cent QoQ in constant currency terms.

Here are some key things to look out for in fiscal 2018.

First quarter Q1 results

Buyback : Analysts expect Wipro to buyback shares of Rs 5,000 crore, or 25 per cent of its net cash position, at the end of fiscal 2017. Further, the buyback price is to be similar to last year when the company bought back shares at Rs 315 a piece.

EBIT margins:

In Q4 FY 17, EBIT margin was 17.6 per cent, and is expected to decline by 80 basis points on a sequential basis in Q1FY18, due to rupee appreciation and salary increase from June. How the company manages its EBIT margins through cost control and without lack of one-time items in fourth quarter FY17.

Management commentary on revival in energy and utilities vertical, BPM segment and restructuring of business in India and West Asia.

Commentary on Digital Solutions and the integration of HealthPlan Services.

Where the company stands in its turnaround journey.

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