Cognizant quarterly revenue rises 16.5 pct

(Reuters) - IT services provider Cognizant Technology Solutions Corp reported a 16.5 percent rise in quarterly revenue, helped by higher IT spending in North America and Europe.

The company's net income in the second quarter ended June 30 rose to $371.9 million, or 61 cents per share, from $300.4 million, or 49 cents per share, a year ago.

Revenue rose to $2.52 billion from $2.16 billion a year earlier.

(Reporting by Soham Chatterjee and Supantha Mukherjee in Bangalore; Editing by Simon Jennings)