Friday, August 7, 2009

Cognizant net rises 36%

Cognizant Technology Solutions, US-based provider of information technology, consulting and business process outsourcing services, reported a 36-per cent increase in net income at $141 million for the second quarter ended June 30, 2009 compared with $104 million in the corresponding quarter of 2008.

Revenue rose by 13 per cent to $777 million ($685 million), up by 4 per cent over
the $746 million reported in the April 2009 quarter.

The third quarter revenue is anticipated to be at least $800 million.

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