Cognizant: Cognizant reports 21.4% rise in net profit; gives a flat guidance

Cognizant Technology Solutions reported a 21.4% year-on-year (YoY) as well as sequential rise in net profit at $663 million helped by robust margin growth from a land sale gain and weaker base.Partially supported by acquisitions, revenue for the quarter rose 7.5% YoY to $5.12 billion, coming in at the higher end of its guidance, helped [...]