Wipro, India's third-largest outsourcer, said Tuesday that its IT services revenue in U.S. dollar terms had declined by 4 percent to US$1.1 billion in the quarter ended Sept. 30 against the same quarter last year.

Like the rest of the economy, the tech sector has been in the doldrums for well over a year now. But there are signs that things may be improving. Here are five recent developments that show a tech recovery may be under way.

Australian resellers are facing a clamp down on credit conditions and limits as the leading insurance companies tighten their policies and terms to defend against the global downturn.

Hard times are driving large enterprises to patch holes in their storage architectures with systems designed for small and medium-sized businesses, one reason enterprise disk storage revenue fell 18.2 percent in the first quarter of this year, according to research company IDC.

Leading IT companies and CIOs should start preparing for business growth immediately if they want to avoid falling behind competitors once the recession ends, says Gartner Research.

HP is set to axe 850 manufacturing jobs in the UK, according to trade union Unite.

While most companies are hunkering down and trying to survive the recession, Google Inc. has other plans.

IBM's news that it will shed some 5,000 North American jobs and potentially send more positions overseas has stirred up some bad sentiment toward Big Blue as the U.S. economy continues to languish.

As the economic news continues to get bleaker, double-digit budget cuts are becoming a fact of life in many IT departments - resulting in postponed purchases, delayed projects, hiring freezes and layoffs.

Aaron Yu wants to share his enthusiasm for Kiva, a nonprofit microfinancing organization. He sees Facebook as a prime way to do that.

The semi-annual DEMO conference is all about finding the next big thing, a company that can wow the technology world while raking in boatloads of cash.

A senior corporate executive leaves the company, taking with him his framed family photographs, his prized gold pen-and-pencil set -- and the passwords of several hundred employees.

The recession has companies worldwide scrambling to rein in technology costs with desperate vendors responding in turn, offering deep license discounts, providing low-cost financing and proclaiming ever more shrilly that their products in fact save customers money.

No company is immune from the economy's ebb and flow. So it's no surprise that, in the face of a fearsome downturn, IT shops are scrambling to figure out where they should cut.

Until September, the US tech industry appeared insulated from the year-long economic slowdown. Most of the 20 largest US tech firms reported solid second-quarter earnings in July and August, and they were projecting continued growth in sales through the year-end. Then Wall Street crashed. Here's the latest word from tech executives about current market conditions and the outlook for the rest of this year.