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Cognizant’s Q3 PAT jumps 128% to $627 million, revenue climbs 4.6%

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Cognizant’s Q3 PAT jumps 128% to $627 million, revenue climbs 4.6%

Business News Tech IT Cognizant’s Q3 PAT jumps 128% to $627 million, revenue climbs 4.6%

Growth across its markets geographically and double-digit expansion in financial services as well as communications, media and technology boosted revenue by 4.6% YoY to $5.66 billion, meeting its own guidance range of $5.60-$5.68 billion. In constant currency, or excluding the impact of exchange rate fluctuations, revenue rose 4.8% from a year earlier and 3.3% sequentially.

Bengaluru: IT services firm Cognizant Technology Solutions’ third-quarter net profit more than doubled to $627 million from $274 million a year earlier, when it had taken a one-time tax expense. Sequentially, profit fell 1.4%.Growth across its markets geographically and double-digit expansion in financial services as well as communications, media and technology boosted revenue by 4.6% YoY to $5.66 billion, meeting its own guidance range of

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