 "Cognizant Q4 revenue up 7% at $3.46 bn")
IT services provider Cognizant Technology Solutions Corp said fourth-quarter revenue rose about 7% to $3.46 billion from $3.23 billion helped by ongoing demand for its cloud services.
It named three directors to its board in a deal with activist shareholder Elliott Management.
Elliott disclosed a more than 4% stake in Cognizant in November and had urged the IT services provider to take steps to boost shareholder value.
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