Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Research and advisory firm Gartner (NYSE:IT) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4.2% year on year to $1.53 billion. Its non-GAAP profit of $2.98 per share was 9.7% above analysts’ consensus estimates.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
While the S&P 500 includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how DXC (NYSE:DXC) and the rest of the it services & consulting stocks fared in Q4.
Let’s dig into the relative performance of Cisco (NASDAQ:CSCO) and its peers as we unravel the now-completed Q4 it services & other tech earnings season.
Over the past six months, Gartner’s shares (currently trading at $422.90) have posted a disappointing 18.1% loss while the S&P 500 was flat. This might have investors contemplating their next move.
Looking back on it services & other tech stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Amdocs (NASDAQ:DOX) and its peers.
Shares of research and advisory firm Gartner (NYSE:IT) fell 8% in the afternoon session after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts, including those with Gartner. Also, another consulting firm, Accenture, reported its Q4 2024 (fiscal Q2 2025) financial results and raised concerns about weaker sales in the fed vertical. Accenture CEO Julie Spellman Sweet noted that the new administration is focused on improving government efficiency, leading to a slowdown in procurement processes and negatively impacting sales.
These updates showed that Gartner's growth could face pressure as the government continues its cost-cutting efforts.
Shares in IT government contractors Booz Allen, Gartner tumbled after Secretary of Defense Pete Hegseth said the Pentagon was canceling $580 million in contracts. But Palantir stock rose.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Stay updated with the movements of the S&P500 index in the middle of the day on Tuesday. Discover which stocks are leading as top gainers and losers in today's session.
