IT stocks came under selling pressure on Tuesday, falling by up to 5 per cent, after Cognizant gave a lower revenue guidance for 2016.
Shares of Tech Mahindra fell by
Cognizant has posted its best-ever sequential revenue growth in the second quarter of this year. R Chandrasekaran, executive vice chairman of Cognizant India, shared the company’s strategies.
TCS, Cognizant and Infosys have emerged as the top employers in the IT-BPO sector, according to a list of 20 leading companies released by industry body Nasscom.
IT service provider Cognizant Technology Solutions Corp reported a 20 per cent rise in quarterly revenue, helped by higher spending by healthcare and financial services clients in North America.
IT services major Cognizant today said it has secured a 7-year contract from Danish firm ISS to provide Finance & Accounting (F&A) business process services in the Nordic region.
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