Key takeaways from Q1FY17 : IT services revenue at $1931mn grew +2.6% qoq in USD, +2% in constant currency (CC) – ahead of our and street estimates (US$ 1920mn).Total revenues at $2bn- down 0.3% qoq, due to lower products revenues (-39% qoq).Services: BPO grew 24.9% qoq (integration of HealthPlan), App Services by 1.2% qoq and Analytics 5.4 qoq%. IMS declined by -1.0% qoq..Phillip Capital price target of Rs 480 (Rs500 earlier),maintain SELL.Trendlyne has 19 reports on WIPRO updated in the last year from 7 brokers with an average target of Rs 607. Brokers have a rating for WIPRO with 1 downgrade,4 price downgrades,3 price upgrades in past 6 months and 2 downgrades,6 price downgrades,7 price upgrades in past 1 Year.