Cognizant Technology Solutions reported a 22% Q3 net profit increase to $582m, driven by health sciences, financial services, and AI investments.

Cognizant Technology Solutions reported a 22% rise in net profit to $582 million for Q3 2024, with revenues up 3% to $5 billion. Growth was fueled by strong performance in health sciences and financial services, alongside successful AI investments. The company also signed six major contracts exceeding $100 million each. Cognizant raised its annual revenue forecast, anticipating between $19.7 billion and $19.8 billion, reflecting a recovery in IT service demand.

2 months ago
11 Articles