Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Saturday, November 01, 2014  

Cognizant posts 10% rise in profit
MUMBAI Cognizant Technology Solutions reported higher-than-expected quarterly results on increased demand for its outsourcing and consulting services, and the company raised its full-year earnings forecast.

The company has reported a 9.5 per cent increase in profit during the third quarter at $276 million as compared to $252 million the previous quarter. The company’s revenue rose 5.6 per cent to $1.89 billion from $1.79 billion.  The company has estimated a 20 per cent growth in revenue for calendar 2012.

Cognizant said it now expects full-year earnings of at least $3.42 per share, up from its previous forecast of at least $3.38 per share. It reaffirmed its revenue forecast of $7.34 billion.

IT services providers such as Cognizant, Accenture, and Tata Consultancy Services and Wipro have benefited from a rise in demand for outsourcing as companies try to cut costs.

However, Accenture had said in September that spending on consulting will remain slow. Net income rose to $276.9 million, or 91 cents per share, in the third quarter from $227.1 million.

Agencies
NEWS UPDATES
Oman
Sunaidy, Rajnath sign judicial, legal cooperation agreement
Fair trial forum starts today
Pinda meets investors, promotes Tanzania
SQMC cadets get training with live ammunition
Six housing deals inked
Selection for HM Award set to start
Other Top Stories
White House computer system breached
US government buildings put on high terrorism alert
Iraq army closes in on militia-held Baiji refinery
Rocket to ISS explodes on liftoff
Obama calls on Americans to help check Ebola
Middle East
Violence pushes Libya to point of no return: UN
24,000 Gaza workers get pay in boost to Palestinian unity
Hezbollah dug tunnels to Israel, says army general
House rejects Rowhani nominee for minister again
Israeli cult leader jailed for rape, incest
Business
No need to panic, feels Opec
India retains top slot in most confident consumer market: Nielsen
Indian banks’ soured loans rise to 3-year high
Japan factory output records biggest jump in eight months
Sports
Mario finally breaks goal drought
Enrique unaware of Messi’s painkiller
Relief for Dortmund as they cruise through
Proud father Djokovic progresses
Spurs scrape one-point win over Mavs

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution