Cognizant's June profit beats estimates; IT major expects softness in banking demand https://ift.tt/2GDZ9kT - Walletnews For Me

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Wednesday, July 31, 2019

Cognizant's June profit beats estimates; IT major expects softness in banking demand https://ift.tt/2GDZ9kT

IT major Cognizant Technology Solutions (CTS) met both street expectations and its own guidance on the back of marginal improvements in demand from financial services sector. CTS reported quarterly revenue of $4.14 billion — up 3.4% (4.7% in constant currency) in June. Sequentially, revenue grew marginally from $4.11 billion in the quarter ended March.
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