Wipro was the first big company off the block as it announced results on 15 April. It posted 6.3% YOY decline in net profits to Rs.2326 crore for the Mar-20 quarter. However, revenues for the quarter were up by 4.7% at Rs.15,711 crore. The Board has not recommended any final dividend on equity shares and has also put off revenue guidance considering the uncertainty in the COVID-19 environment. There has not been too much of discussion on segment wise traction and margins and for an investor it would be best to wait for great clarity for the impact on IT sector before taking an investment call.