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Cognizant Q1 net profit jumps 21% to $663 mn
Business Standard
|May 02, 2025
Full-year revenue growth guidance kept unchanged at 3.5-6%
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency terms, even as the industry is becoming cautious about macro conditions because of tariff wars.
The Nasdaq-listed firm has said it is confident on growth because of revival in discretionary expenditure in banking, financial services, and insurance, an artificial intelligence-led transformation among clients, and inorganic growth drivers.
The company, however, has guided for second-quarter revenue growth of 5-6.5 per cent in constant currency, representing a sequential growth rate of minus 1 per cent to 5 per cent.
Cognizant reported its first-quarter (of CY2025) net income at $663 million, an increase of 21.4 per cent from $546 million in the same period a year earlier.
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