Cognizant revenue jumps as demand for financial services rises

Reuters News
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Posted: Feb 05, 2014 6:13 AM

(Reuters) - IT services firm Cognizant Technology Solutions Corp reported higher quarterly revenue, helped by a 22 percent rise in revenue from its financial services business.

Cognizant's net income rose to $324.3 million, or $1.06 per share, in the fourth quarter ended December 31, from $278.8 million, or 92 cents per share, a year earlier.

Revenue rose 21 percent to $2.36 billion.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)