Cognizant Q1 revenue falls 1.1%, profit dips 6%, Telecom News, ET Telecom
During the quarter under review ending March, Cognizant’s net profit declined by around 5.9% to $546 million YoY, from $580 million in Q1 of FY23.
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During the quarter under review ending March, Cognizant’s net profit declined by around 5.9% to $546 million YoY, from $580 million in Q1 of FY23.
Cognizants performance reflects the overall IT sectors sentiment with domestic majors as Tata Consultancy Services, Infosys, and Wipro also reported low single-digit revenue growth. All companies have the majority of their clients based in the US and Europe.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q1 2024 Earnings Call Transcript May 1, 2024 Cognizant Technology Solutions Corporation beats earnings expectations. Reported EPS is $1.12, expectations were $1.11. CTSH isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, welcome […]
Revenue of $4.8 billion declined 1.1% year-over-year, or declined 1.2% in constant currency1, which was above the high-end of our guidance range. Operating margin of 14.6%, flat year-over-year, and...
Cognizant Technology Solutions Corp. reported first-quarter revenue fell 1.2% in constant currency.