New York : Buoyed by strong growth in healthcare and financial services business, IT services firm Cognizant posted a 12.9 % jump in net profit for the June quarter and revised its forecast for revenues to grow “at least 20.1 %” in the ongoing fiscal.
The US-based firm, which has major presence in India, has reported a net profit of USD 420.1 million in the second quarter of 2015 as against USD 371.9 million in the same period a year ago. Revenues for the April-June 2015 quarter rose by 22.6 % to USD 3.09 billion as against USD 2.52 billion in the year-ago period, beating its own estimate of revenues to be “at least USD 3.01 billion”. The revenue was up over 6 % from USD 2.91 in the January-March quarter.
