Wipro, one of the leading software exporters, will be announcing its second quarter financial results today, October 21, 2016.

Angel Broking expects the company to post 0.5% sequential de-growth in its USD IT Services revenues to USD 1,921 million v/s USD 1,931 million in 1QFY2017. In rupee terms, the consolidated revenues are expected to come in at Rs 134.28 billion, down 1.3% qoq.''

''EBIT margin is expected to show an dip of ~94bp qoq to end the period at 15.1% on account of wage hikes and currency impact. Consequently, PAT is expected to be at Rs 19.68 billion, a dip of 4.1% qoq. We maintain our buy rating on the stock,'' it added. 

Shares of the company gained Rs 1.9, or 0.38%, to trade at Rs 497.40. The total volume of shares traded was 60,702 at the BSE (10.25 a.m., Friday).