Online edition of India's National Newspaper
Wednesday, Aug 05, 2009
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Business Printer Friendly Page   Send this Article to a Friend

Cognizant Q2 revenue up 13 %

Corporate Reporter

CHENNAI: Cognizant Technology Solutions Corporation , a leading provider of information technology, consulting and business process outsourcing services, has reported a 13 per cent rise in its second quarter revenue at $776.6 million against $ 685.4 million in the year-ago period. Net income was $141.3 million as compared to $103.9 million in the second quarter of 2008. The operating margin for the quarter was 19.5 per cent. Excluding stock based compensation expense of $8.4 million and stock-based Indian fringe benefit tax expense of $1.3 million, non-GAAP operating margin was 20.8 per cent.

President and CEO Francisco D’Souza, said “Despite a fluid economic environment, we posted industry-leading revenue growth this quarter, which demonstrates the resilience of our business model and our ability to adapt to evolving client needs.”

Based on the strength of second quarter results, the company has raised its 2009 revenue growth guidance from at least 10 per cent to at least 11.5 per cent.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu