Cognizant Q3 FY24 net up 10.8%; narrows revenue growth guidance for FY24

Nasdaq-listed information technology (IT) major Cognizant Technology Solutions beat Wall Street estimates for third-quarter profit and narrowed the guidance thanks to the Belcan acquisition in August.

The IT major now expects annual revenue between $19.7 billion and $19.8 billion. “Full-year 2024 revenue guidance narrowed to growth of 1.4 per cent to 1.9 per cent on constant currency, unchanged at the midpoint,” the company said.