Cognizant trims Q2 outlook despite steady Q1 show
US-based IT services firm Cognizant on Wednesday lowered its revenue guidance for the April–June quarter to $5.45–$5.52 billion, below analyst estimates of $5.55 billion, citing a volatile macroeconomic environment. The company follows a calendar financial year ending December 31. The revision comes even as the firm reported a steady performance for the January–March quarter.
