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Cognizant Q2 net profit rises to $420.1 mn; revenue at $3.09 bn

IT services provider Cognizant Technology Solutions Corp reported quarterly revenue and profit above analysts` expectations, helped by higher spending by clients in North America, especially in the healthcare and financial sectors.

Cognizant quarterly revenue rises 16.5%

The company`s net income in the second quarter ended June 30 rose to $371.9 million.

Cognizant net up 15.4% to $319.6 m; ups revenue target to 20.3%

Leading software outsourcing firm Cognizant Technology Tuesday reported a 15.4 percent rise in net profit at USD 319.6 million in the quarter to September driven by a strong ramp up in demand for outsourcing services, up from USD 276.9 million a year ago.

Cognizant to acquire six cos of Germany's C1 Group

C1 Group is an independent consulting and IT services firm based in Hamburg, Germany.