Cognizant Revenue Fell by 1.1% and Profit by 6% in Its Q1

IndustryTrends

 Cognizant Technology Solutions, a Multinational IT Company has gone down with its total revenue and profit during 1st Quarter.

The Profit has almost gone down by 6%, making $546 million this year.

CTS’s overall revenue also dropped by about 1.1% during this quarter.

we are adapting to the market dynamics by helping them achieve operational efficiencies, and supporting innovations- said Ravi Kumar S, CEO at Cognizant

The company had contracted eight large deals during the quarter, each with a total value of at least $100 million.

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