Don’t miss the latest developments in business and finance.

Cognizant posts higher 2nd-qtr profit

Revenue rose 21 percent to $1.8 billion

Image
Reuters Mumbai
Last Updated : Jan 25 2013 | 4:04 AM IST

Cognizant Technology Solutions Corp reported a higher quarterly profit on increased demand for its outsourcing services.

The information technology services provider's net income rose to $251.9 million, or 82 cents per share, for the second quarter from $208 million, or 67 cents per share, a year earlier.

Excluding items, the company earned 88 cents per share.

Revenue rose 21 percent to $1.8 billion.

 

Also Read

First Published: Aug 06 2012 | 3:39 PM IST

Next Story