Wipro flags overhang of uncertainty in demand

Caution Ahead

- FE BUREAU

GLOBAL BUSINESS SENTIMENT remains subdued amid persistent uncertainty and recent US tariff headwinds, Wipro's executive chairman Rishad Premji said at the company's annual general meeting on Wednesday.

"Overall, the environment remains uncertain. It has not gotten any worse, but not gotten significantly better at the moment," said Premji. He added that customers are getting more acclimatized to living in a world that is more uncertain.

The Wipro management also noted that while discretionary spending dampened and focus shifted more to cost and vendor consolidation, the company saw the emergence of discretionary spending coming back in pockets in some industries.