Cognizant Q1 net income rises 21.4%; maintains full year revenue guidance

Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.

The Nasdaq-listed firm has said it is confident on growth because of revival in discretionary expenditure in banking, financial services, and insurance, an artificial intelligence-led transformation among clients, and inorganic growth drivers.