Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance

Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis

Cognizant
Premium

Cognizant

Shivani Shinde Mumbai
Nasdaq-listed IT services firm Cognizant on Thursday reported a net profit of $577 million for the second quarter ended June 30, up 12.7 per cent from the year-ago period. The company’s attrition was highest compared to peers.

Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis.

Cognizant, which follows the calendar year, said it had clocked growth for the fifth consecutive quarter and made the highest quarterly revenue to date. Growth was driven by geographies and verticals. North America grew 8.4 per cent YoY, and Europe was up 2 per cent. Communications, media and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 28 2022 | 11:38 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com