Cognizant's digital revenue at 23% in 2016

This is much higher than TCS, which was the only one so far giving a break up of its digital revenue

Cognizant for the first time disclosed that revenue from digital services was at 23 per cent of its 2016 revenue.

However, the company did not give a vertical-wise break up of this revenue. Of the total revenue, 40 per cent was contributed by financial services, healthcare 29 per cent, manufacturing, retail & logistics 19 per cent and others 12 per cent.

This is much higher than Tata Consultancy Services (TCS), which was the only firm so far giving a break up of digital revenue. For the third quarter of FY17, TCS reported that its digital revenue was at 16.8 per cent, representing