Services company Cognizant has posted
a fourth quarter profit rise of 21 per cent from $57.7m (£29.2m) to $69.5m.
Revenues advanced to $424.4m from $256.9m, as the company won more deals in
Europe.
“Despite continued uncertainty in the marketplace, we exceeded our quarterly
revenue guidance and our sequential growth once again outpaced our peer group in
the second quarter,” said Francisco D’Souza, President and chief executive of
Cognizant.
"Several of our business segments, including Financial Services, performed
well during the quarter."
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