IT Services Provider Cognizant's Revenue Rises 12%

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

IT services provider Cognizant Technology Solutions Corp reported a 12 per cent 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 September 30 from $319.6 million, or 53 cents per share, a year earlier.

Revenue rose to $2.58 billion from $2.31 billion.

Copyright: Thomson Reuters 2014

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