HYDERABAD: IT major Cognizant Technology Solutions Corp. (CTSH) on Wednesday posted a 15.6 per cent rise in net profit at $629 million in the third quarter of calendar year 2022 compared to $544 million in the yearago period. The company's revenue increased by 5.6 per cent to $4.86 billion in the period, as against year-ago revenues of $4.74 billion, which fell short of analysts' expectations.
The Teaneck, New Jersey-based company said for the current quarter ending in December, it expects revenue in the range of $4.72 billion to $4.77 billion.
The company expects full-year earnings in the range of $4.43 to $4.46 per share, with revenue expected to be $19.3 billion with a growth of seven per cent, which is lower than the 8.5-9.5 per cent guidance it gave for the full year in the June quarter.
