Cognizant’s outlook implies subdued demand, higher competition for IT
- The outlook for financial services, a key vertical for domestic IT including Cognizant, remains muted
- The management expects weakness in the healthcare business to continue in this quarter, but growth to improve from Q2 onwards
IT services company Cognizant Technology Solutions Corp. delivered better growth in the December quarter compared to forecasts. Constant current revenue grew 4.2% from the year-ago period. The full-year growth of 5.2% also exceeded its guidance.
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