BENGALURU: IT services provider, Wipro Ltd said the disruptions caused by of the coronavirus pandemic may adversely impact its future revenues, overall financial performance and operating results, according to an annual 20F filing with the US Securities & Exchange Commission (SEC). “The conditions caused by the covid-19 pandemic can affect the rate of customer spending, including through cancellations or ramp downs of existing projects, increased requests for furloughs, increased requests by customers for price discounts," Wipro said.
The IT major also said decreased capacity or willingness of customers to purchase their offers along with delays in buying decisions may hit its ability to provide on-site services to clients.