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Cognizant Dec qtr income pips forecast at $4.13 bn; Brian Humphries new CEO

Revenue rose to $4.13 bn from $3.83 bn and narrowly beat the average analyst estimate of $4.11 bn


Cognizant Technology Solutions Corp on Wednesday beat Wall Street estimates for quarterly revenue, benefiting from higher spending by clients in the healthcare and financial industries. The company also said Francisco D'Souza, its chief executive officer since 2007, will give up the role and become executive vice chairman. Brian Humphries, CEO of Vodafone Business, will replace D'Souza, effective April 1.   The consulting and outsourcing services provider reported net income of $648 million, or $1.12 per share, in the fourth quarter ended December 31, compared with a ...

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First Published: Wed, February 06 2019. 17:38 IST