Quarterly revenue (in $$$) has declined after a long time. Your views?

I'm giving you anecdotal views. But I see that almost everyone is on the bench. No new projects that are notable. When I go to an odc all I see is people doing some excel work or using some random/ never seen before(outdated)tool. My friends who are digital qualified in python are on bench since an year. Hiring never stopped virtually. My client terminated the contract a week ago. Overall there is a slowdown for sure, therefore I think it is affecting revenue.

Revenue and profit has increased yoy or qoq...but yes slowdown is there due to fed rates, geopolitical issues etc. After 2024 election situation will normalise