Wipro warns of uncertain IT demand outlook as U.S. tariffs and global factors impact client spending and project decisions.

• Clients focus on cost-saving tech, cutting discretionary spends; two in five tech firms deferred non-essential projects.
• TCS, HCLTech report weak June-quarter results; delayed decisions and spending cuts hit revenue growth.
• Wipro’s chairman sees limited improvement, with small green shoots of discretionary spending recovery in select pockets.