Wipro $WIPRO.NS , one of India's leading IT service providers, reported mixed Q4 results amid a challenging macroeconomic environment. The company’s consolidated revenue rose by 1.3% to 225.04 billion rupees (approximately 2.63 billion USD), falling just short of analysts’ expectations of 226.21 billion rupees, according to LSEG data. Global economic uncertainty has notably affected customer spending, thereby impacting overall performance.

In a move aimed at boosting operational efficiency and reducing expenditure, the US Department of Defense has taken a decision that could reshape the IT services landscape for governmental entities. Defense Secretary Pete Hegset has ordered the cancellation of IT service contracts worth a total of US$5.1 billion, previously established with renowned companies such as Accenture and Deloitte. This decision, detailed in a memorandum released by the Pentagon on April 10, has sent ripples through both political and business circles.

Tyler Technologies $TYL, a leading provider of IT solutions for the public sector, has reported remarkable financial results for the fourth quarter. The company’s revenue growth was driven by strong demand for its IT services, widespread client migration to cloud-based solutions, and its successful expansion into new markets.