Cognizant profit dips 2.1% on year, revenue up 6.8%

February 6, 2025

, By The Economic Times

Cognizant profit dips 2.1% on year, revenue up 6.8%

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US-headquartered Cognizant Technology Solutions reported a 2.1% dip in net profit for the fourth quarter ending December at $546 million from a year ago profit of $558 million impacted due to the costs from its NextGen programme towards its operations.

Revenue was within the guided range increasing by 6.8% to $5.08 billion for the October to December quarter helped by its two acquisitions last year. The revenue grew $4.76 billion in the same quarter a year ago. In Q3, the company had guided revenue to between 5.1% and 7.1% and $5.0-5.1 billion for…

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Cognizant profit dips 2.1% on year, revenue up 6.8%

February 6, 2025

, Published By The Economic Times

Cognizant profit dips 2.1% on year, revenue up 6.8%

US-headquartered Cognizant Technology Solutions reported a 2.1% dip in net profit for the fourth quarter ending December at $546 million from a year ago profit of $558 million impacted due to the costs from its NextGen programme towards its operations.

Revenue was within the guided range increasing by 6.8% to $5.08 billion for the October to December quarter helped by its two acquisitions last year. The revenue grew $4.76 billion in the same quarter a year ago. In Q3, the company had guided revenue to between 5.1% and 7.1% and $5.0-5.1 billion for…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

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The Economic Times

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