Home » Industry » Business Process Outsourcing » Cognizant Q2 2012 Revenues up 20.9%

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 24.2 percent to $1.43 billion, and represented 80 percent of total revenues. Revenues from Europe increased 2.1 percent with good growth in UK, while rest of world’s revenues surged 45.1 percent.

The company noted that its operating margin was 18.5 percent, and adjusted operating margin was 20 percent, in line with its targeted 19 to 20 percent range. In the last year, the margin was 18.2 percent.

Source:  RTT News

Leave a Reply