Cognizant Tech Solutions Raises Annual Revenue Forecast
May 05 2021 - 4:47PM
Dow Jones News
By Maria Armental
Cognizant Technology Solutions Corp. expects revenue this
quarter to come in ahead of Wall Street targets and raised the low
end of the revenue projection for the year, following
stronger-than-expected performance in the most recent quarter.
The professional-services firm now expects $17.8 billion to
$18.1 billion in revenue, up from its earlier view of $17.6 billion
to $18.1 billion, and affirmed projections for adjusted profit of
$3.90 to $4.02 a share.
This quarter, it sees $4.42 billion to $4.46 billion in revenue,
compared with analysts' projected $4.38 billion, according to
FactSet.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 05, 2021 16:32 ET (20:32 GMT)
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