Cognizant Q1 Profit Declines 66 percent To USD 520 Million
MUMBAI: IT giant Cognizant has not been able to perform well in the quarterly results of March 2018. In particular, the company’s net profit declined. With a 6.6 percent decline, the company’s net profit rose to $ 520 million. The company had a net profit of $ 557 million or 92 cents during the same period last year, Cognizant said in a statement. In the same period last year, however, the revenue growth was $ 3.91 billion, down from 3.54 billion dollars. Healthcare, communications, media and technology. It was USD 3.88 billion dollars in the March quarter.
In the June quarter, the revenue of $ 4-4.04 billion was projected, and by 2018 the dollar was expected to be between 16.05 and 16.3 billion dollars. Cognizant CEO Francesco Désouza said that we have achieved good financial results in the first quarter and have achieved good progress in digital services and solutions. In March 2018, there were 2,61,400 employees.