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.

Recent events surrounding iRobot, the renowned manufacturer of Roomba robotic vacuums, have raised concerns across the financial markets. After a planned acquisition of the company by Amazon.com for US $1.4 billion, iRobot expressed serious doubts about its ability to continue operations. The more than 30% drop in the company’s share price during intraday trading underscores not only short-term market volatility but also a multi-year decline from the peaks reached during the pandemic.