Cognizant, the legendary IT sector company listed on NASDAC, said that it expects an increase between 6.5 to eight percent in the stable currency during the first quarter, which boom in the vacant spending among customers and in its healthcare and financial services businesses. Better scenario will help.
This means that the period between January and March will increase a revenue of five to 5.1 billion dollars. In terms of the entire year, the company is expected to increase between 3.5 to six percent depending on a stable currency, with a revenue of $ 20.3 to 20.8 billion. Unlike other Indian IT service companies, the Cognizant FY follows the year to December calendar year.
After the results, Chief Executive Ravi Kumar said in a press conference, “The speed of big deals continues and small deals are also going on due to the return of vaccine expenses.” He told business standard, “Although uncertainty still remains, the new government in the US wants to reduce regulation, so some dollars will be made available and financial services will be the biggest beneficiary.”
In the fourth quarter, the company recorded a revenue growth of 6.7 percent based on a stable currency at the end of its estimate and a revenue of $ 5.1 billion. Pure income increased by 2.1 percent to $ 55.8 million as compared to $ 54.6 million one year ago. The net income was 4.1 percent less on a quarterly basis.