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Cognizant ups 2017 guidance on stronger growth for digital business

Continues its cost reduction measures including headcount alignment

Cognizant
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Cognizant

Ayan Pramanik Bengaluru
Cognizant Technology Solutions increased its lower end of guidance to grow between 9.5 to 10 per cent 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 by11.5 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