The entire tech industry is reeling from global macroeconomic and geopolitical tensions. Developments such as trade disputes between the United States and China, recessions, instability and inflationary risks globally in U.S. Latin America, India, Canada, China and Europe have imparted negative sentiments about the stocks in the cyclical tech sector. This is reflected by the negative share price movement of Perficient and its peers Infosys INFY, Cognizant Technology Solutions CTSH and Wipro Limited WIT.