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Cognizant Forecasts Revenue Above Estimates As It Spending Rises


Ron Burgundy
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(Reuters) - IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit above analysts' estimates due to a rise in spending by financial services and healthcare customers. The company also reported higher-than-expected revenue and profit for the third quarter as revenue rose from its North American and European clients. North America accounts for about three-quarters of the company's total revenue, while Europe makes up for about 18 percent. Cognizant has been trying to boost growth in its slowing healthcare business, its second largest. ...

 

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