Cognizant Technology net jumps 51%

By agencies   |   Friday, 29 July 2005, 07:00 Hrs
Printer Print Email Email
CHENNAI: Cognizant Technology Solutions Corporation has recorded a 51 percent increase in net profit and a 53 percent increase in revenues for the quarter ended June 30, 2005 over the previous corresponding quarter.

The company had a net profit of $36 million on revenues of $211.7 million in the quarter under review against a net profit of $23.8 million on revenues of $138.7 million for the same period last year. A company release said Cognizant anticipated third quarter 2005 revenues at $232 million and fiscal 2005 revenue to be at least $876 million.





SPOTLIGHT
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..