Wednesday, 7 February, 2024

Cognizant Q4 Results: Revenue Down 1.7%, Profit Up

In the fourth quarter, Cognizant reported a 1.7% decrease in revenue but a $558 million increase in profit. The company cites a number of reasons for the decline in revenue, including problems with specific clients and supply chain disruptions. Nevertheless, Cognizant has a positive outlook for the future, pointing to the success of its digital division and continuing strategic plans to spur expansion and raise shareholder value.