(Reuters) - IT services firm Cognizant Technology Solutions Corp's revenue rose 10.6 percent in the fourth quarter as healthcare and financial clients increased spending.
The company said on Wednesday it recorded a net loss of $18 million or 3 cents per share in the quarter ended Dec. 31, compared to a net income of $416 million or 68 cents per share, a year earlier.
Cognizant's 2017 results included a one-time expense of $617 million because of new U.S. tax laws.
Revenue rose to $3.83 billion from $3.46 billion.
(Reporting by Arjun Panchadar in Bengaluru; Editing by Sai Sachin Ravikumar)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app