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Cognizant Q2 2012 Revenues up 20.9%

Revenues climbed 20.9 percent to $1.795 billion, while analysts estimated revenues of $1.79 billion for the quarter.  Revenue rose 4.9 percent sequentially. Segment-wise, revenues from financial services climbed 20.3 percent and accounted for 41 percent of total revenues.  Healthcare revenues grew 25.3 percent and revenues from manufacturing/retail/logistics segment increased 21.8 percent. On a geographical basis, revenues from North America jumped ... Read More »

Cognizant Overtakes Wipro

Cognizant, which was spun off from US business information group Dun & Bradstreet in 1996, overtook Wipro in the last quarter to become India’s third-largest software exporter by sales. Industry experts expect the fast-growing group to eventually surpass number two Infosys and challenge the dominance of Tata Consultancy Services, the sector’s top player with revenues of about $8bn. Cognizant saw ... Read More »