Cognizant Defies IT Slowdown Story, Unveils Stellar Q2 Earnings | IT Sector Looking Up?
- 9 years ago
The NASDAQ-listed Cognizant lifted the spirits by posting street-beating numbers. Cognizant’s net income zoomed 13% to $420 million in the June quarter, defying theories of a slowdown in the IT sector. The company has also raised the Q3 revenue guidance to $3.14 billion, confirming a turnaround in the industry fortunes. Their stock opened almost 9% higher on the NASDAQ. Catch ET NOW’s Sandeep Gurumurthy and Taneia Bhardwaj in conversation with Cognizant’s CEO – Francisco D'Souza to know more about what is driving the company ahead. Listen in.