Wipro's (WPRO) Q1FY20 IT Services and consolidated revenue growth was in-line with our forecast. EBIT margin of 16.2%, -80bps QoQ, was also in-line with our forecast. EPS of Rs3.97, -3.9%/+12.5% QoQ/YoY was a beat to our forecast aided by higher other income & FX gain and lower tax rate. Q2FY20 guidance of IT services revenue growth of 0% to +2% is in-line with our forecast. WPRO has got shareholders' approval for its share buyback of Rs105 bn for 323.1mn shares (5.4% of equity capital) and is awaiting approval from SEBI. It expects to complete the buyback by end-August, however it would monitor the final outcome...