Cognizant logs marginal dip in Q2 net
IT services company Cognizant Technology Solutions reported a fall in net profit for the second straight quarter, hurt by higher income tax expenses and restructuring
IT services company Cognizant Technology Solutions reported a fall in net profit for the second straight quarter, hurt by higher income tax expenses and restructuring costs. The US-headquartered firm that has most of its employees based in India also revised its full-year revenue guidance downwards, citing macroeconomic risks.Net profit for the three months ended June 30, the company’s second quarter, dropped 1.4% from a year earlier and 3.9%
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