Cognizant Appoints Brian Humphries as New CEO, Quarterly Earning Beats Estimates
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.
Read Also : URI-The Surgical Strike Beats Bahubali-2 Record