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IT services provider Cognizant's revenue rises 12 pct

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Reuters

REUTERS - IT services provider Cognizant Technology Solutions Corp reported a 12 percent rise in quarterly revenue due to higher spending by customers in North America and Europe.

The company's net income rose to $355.6 million, or 58 cents per share, in the third quarter ended Sept. 30 from $319.6 million, or 53 cents per share, a year earlier.

Revenue rose to $2.58 billion from $2.31 billion.

(Reporting by Lehar Maan and Anya George Tharakan in Bangalore; Editing by Kirti Pandey)

 

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First Published: Nov 05 2014 | 4:45 PM IST

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