‘Revenue to grow 7-9% in 2021’IT company Cognizant reported a 37.6% rise in March quarter net income to $505 million, and said it expects revenue to grow 7-9% in the year ending December. The U.S.-headquartered firm, which has about 2 lakh employees in India, said March quarter revenue grew 4.2% to $4.4 billion. “We successfully executed our strategy of embracing digital, investing in international expansion and repositioning the Cognizant brand,” CEO Brian Humphries said. Cognizant said it expected June-quarter revenue to grow 10.5-11.5%. “Our first-quarter performance reflects solid revenue growth in our digital services,” said CFO Jan Siegmund.

Source: The Hindu May 06, 2021 22:29 UTC