IT industry has struggled as clients cut spends, but seeing more activity in digital: Wipro Chairman

BENGALURU: Wipro chairman Rishad Premji said the IT services industry has struggled as customers across the world have cut their budgets for technology during the first quarter due to the pandemic-induced slowdown.

He said the “good news” for the company and the industry as a whole is that customers are looking to spend money in digital transformation.

During the lockdown in India and other countries, companies such as Wipro, Infosys, TCS, HCL Tech and others saw organisations across markets either delayed their ongoing technology projects or cancelled many proposed deals.