Cognizant Quarterly Earnings Beats Estimates

On Wednesday’s earning report Cognizant Technology Solutions Corp beats Wall Street estimates for quarterly revenues . The Consulting and Outsourcing services provider Cognizant reported net income of  $ 648 Millions on the fourth quarter ended 31st December 2018. Revenue rose to $4.13 billion from $3.83 billion and narrowly beat the average analyst estimates of $4.11 billion. (IBES Data )

The Consulting and Outsourcing company Cognizant said Francisco D’Souza ,its chief executive officer since 2007, will give the role and become executive vice-chairman. Brian Humphries , the existing CEO of Vodafone Business , will replace D’Souza effective from 1st April 2019. The company forecasts 7-9% growth in 2019.

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