 "Cognizant is hiring sociologists and anthropologists to read clients' minds")
Teaneck-based IT major Cognizant has cut down its revenue guidance for the year 2019 to almost half after the below expected performance in the first quarter and expectations of slower growth in financial services and healthcare during the year. It has registered a decline of 15 per cent in its net income to $441 million during the first quarter of the year ended March 31, 2019, compared to $520 million during same period last year.
The full year revenue growth guidance for 2019, which was set at 7-9 per cent in constant currency during the beginning of the year, has
