Cognizant quarterly revenue rises on higher IT spending

Reuters News
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Posted: Feb 04, 2015 6:17 AM

(Reuters) - IT services provider Cognizant Technology Solutions Corp reported a 16.4 percent rise in quarterly revenue, helped by higher spending by healthcare and financial services customers.

The company's net income rose to $362.9 million, or 59 cents per share, in the fourth quarter ended Dec. 31 from $324.3 million, or 53 cents per share, a year earlier.

Cognizant, which has most of its employees in India, said revenue rose to $2.74 billion from $2.36 billion.

(Reporting by Abhirup Roy in Bengaluru; Editing by Savio D'Souza)