Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25

Nasdaq-listed IT major Cognizant said it expected to grow between 6.5-8 per cent in constant currency in its first quarter of FY25, buoyed by an uptick in discretionary spending among clients and a better outlook in its healthcare and financial services businesses. This will translate into a revenue growth of $5-5.1 billion for the period between January and March.

Unlike other Indian IT services companies, the US-based IT giant follows a January to December calendar year. For the full year, the IT services company expects to grow between 3.5-6 per cent in constant currency, with revenue of $20.3-20.8 billion.