Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Nasdaq-listed IT services firm Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5 per cent to 1 per cent. The company has provided guidance for Q3 revenue in the range of -0.2 per cent to 1.3 per cent, or $4.89 billion to $4.96 billion.

The company, which follows a January-December calendar, reported a net profit of $566 million, up 22.2 per cent on a year-on-year basis.