Cognizant Technology Solutions Corp., an American multinational provider of information technology, consulting and business process outsourcing (BPO) services, posted strong results for the second quarter with its revenue surpassing that of Infosys.
As per the report, Cognizant’s June quarter revenue rose by 20.9 per cent from $1.485 billion to $1.795 billion, in the second quarter of 2011
Its profit during the second quarter rose to $251.9 million which was $208.0 million in the second quarter of 2011.
Its operating margin during the second quarter of this year was at 18.5 per cent.
Francisco D’Souza, Chief Executive Officer of the firm said, “Clients continue to turn to Cognizant to help reinvent their business models in the face of secular industry changes, evolving demographics, and a new stack of social, mobile, analytics, and cloud technologies,” .
“We are well positioned to capitalize on these opportunities due to our unique combination of management consulting and operational capabilities in areas such as large scale program management and change management. With our robust global delivery model, we make the complexities of managing large scale transformation programs seamless and transparent to our clients,” he added.
Cognizant sees third quarter revenue at $1.875 billion, a sequential growth of over 4 per cent.
Cognizant maintains full-year revenue guidance of “at least 20 per cent growth”, which is far ahead of Nasscom estimates.