Cognizant posts lowest revenue growth in 14 yrs
IT services major Cognizant Technology Solutions on Friday reported a 10% year-on-year growth in revenue for the quarter ended March to $3.20 billion, the slowest growth in 14 years. Net profit stood at $441.2 million, up 15.2% from the year-ago period. The fall in revenue growth was attributed to lesser spending by the firm's clients in financial and healthcare services. 