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Cognizant Q4 profit jumps 18%
IT services provider Cognizant Technology Solutions Corp's quarterly profits jumped 18% helped by growth across sectors.
IT services provider Cognizant Technology Solutions Corp's quarterly profits jumped 18% helped by growth across sectors.
For the fourth quarter, the company earned USD 240.1 million, or 78 cents a share, compared with USD 206.2 million, or 66 cents a share, a year ago.
Excluding items, it earned 84 cents a share.
Revenue rose 27% to USD 1.66 billion.
Shares of the Teaneck, New Jersey-based company closed at USD 72.01 on Tuesday on the Nasdaq.
