Cognizant Q3 net up 22% to $277 m

Cognizant Technology Solutions today posted 22 per cent jump in consolidated net income at $ 276.9 million for the third quarter ended September 30, on the back of growth in newer service offerings of consulting, BPO and IT infrastructure services.

The company’s net profit stood at $227.1 million in the same period last year, the software major said in a statement. “We are pleased that our growth was broad-based across services and geographies,” Cognizant President Gordon Coburn said in a statement.

Cognizant’s revenues grew 18.2 per cent in the quarter under review to $1.892 billion from $ 1.601 billion, exceeding its guidance of “at least $ 1.875 billion” revenues for the quarter.
Cognizant follows a January-December fiscal.

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