Cognizant Q3

Firm projected to grow 2-4% as exit from content business hits top line

The company also appointed Vinita Bali, former managing director and chief executive officer of Britannia Industries, as a new independent director, effective February 24, 2020

But IT giant pares revenue guidance for the full year

Cognizant Technology Solutions increased its lower end of guidance to grow between 9.5 to 10 percent to $14.78 to $14.84 billion in 2017, as it sees more clients taking its digital offerings and packaged solutions across verticals.The US-based Cognizant, which follows the model of Indian outsources of having a large talent pool in offshore locations such as India, saw third quarter profits grow 11.5 per cent to $ 495 million and revenue by 9 per cent to $ 3.77 billion due to better business across verticals and faster growth from Europe.Cognizant follows the January to December financial year. In the three months to September last year, it showed profits of $ 444 million on revenues of $ 3.45 billion.The company is confident that its end-to-end (consulting and technology) offerings will give an edge in the healthcare service offerings despite the legislation and other changes. Cognizant earns little less than a third of its revenue from the healthcare business."Change plays to our ..