• Latest
  • Trending
Cognizant posts sound Q2 on growth revival in BFSI, healthcare; headcount falls

Cognizant posts sound Q2 on growth revival in BFSI, healthcare; headcount falls

1 August 2024
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Will Aluminium price sustain current rally amid rising Middle East conflict?

23 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Vessel Position Report

23 June 2025
Accenture forecasts slower growth as clients cut tech spending

Accenture forecasts slower growth as clients cut tech spending

23 June 2025
xAI’s Grok models are now on Oracle Cloud Infrastructure

xAI’s Grok models are now on Oracle Cloud Infrastructure

23 June 2025
Iran threatens to block Strait of Hormuz after US strikes

Iran threatens to block Strait of Hormuz after US strikes

23 June 2025
LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

23 June 2025
Data Story: Indian spices prices

Data Story: Chilli exports highest among spices in FY25 from India

22 June 2025
Data Story: Cochin Port achieves highest ever cargo traffic in FY25

Data Story: Cochin Port achieves highest ever cargo traffic in FY25

22 June 2025
Group of shareholders ask investors to vote against Elon Musk’s pay package, says Report

Tesla to open first showroom in India this July

21 June 2025
Data Story: Global Oil Price Fluctuations

Data Story: Brent crude jumps 18% in 10 days amid Israel-Iran conflict

20 June 2025
SpaceX could hit $350 billion valuation

Testing failure adds to a growing list of Starship setbacks, what about Mars’ dream now?

20 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Shipping charges jump, what next?

20 June 2025
  • Careers
  • Advertisement
Tuesday, June 24, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result
Home Blog

Cognizant posts sound Q2 on growth revival in BFSI, healthcare; headcount falls

by databiztimes.com
in Blog
Reading Time: 2 mins read
0
Cognizant posts sound Q2 on growth revival in BFSI, healthcare; headcount falls

DBT Bureau

Bengaluru, 1 August 2024

Nasdaq-listed Cognizant Technologies posted better than expected Q2 (April-June) results on the back of growth recovery in its key verticals- healthcare and financial services. On the back of project ramp-ups and market share gain, the company raised its revenue guidance for the whole year.

Cognizant, which follows January-December financial year cycle, posted a revenue of $4.9 billion, an increase of 2.1% in constant currency term over the previous quarter. Its operating margin expanded to 14.6% from 11.8% posted a year ago.

“In the second quarter, we delivered revenue above the high end of our guidance range, expanded adjusted operating margin, and maintained our large deal momentum,” said Ravi Kumar S, Chief Executive Officer of Cognizant.

“We believe our performance this quarter and the improved organic growth outlook for the full year demonstrate how our execution against these priorities is beginning to translate to our results,” he added.

The global IT major, which has more than 70% of its staffers operating out of India, has increased its full year revenue guidance in the range of $19.3 to $19.5 billion, translating to minus 0.5% to +1.0% y-o-y in constant currency (cc) terms. According to the company, this growth projections include around 70 basis points contribution coming from acquisitions.

Among verticals, both healthcare and financial services witnessed sequential rise in revenues, indicating better growth prospects for the company in the coming quarters.

“Sequential revenue growth of 2.1% in constant currency, driven by our Financial Services and Health Sciences segments, was the strongest in two years. Our NextGen programme has helped us fund investments in support of revenue growth and deliver 70 basis points of adjusted operating margin expansion in the first half of 2024. We enter the third quarter with improved revenue momentum and remain committed to driving operational excellence,” ,” said Jatin Dalal, Chief Financial Officer of Cognizant said.

In the second quarter ended June, total headcount of Cognizant stood at 336,300, a decrease of 8,100 from the previous quarter.

databiztimes.com

databiztimes.com

Related Posts

The role of Rare Earth metals in everyday technology

The role of Rare Earth metals in everyday technology

by databiztimes.com
18 June 2025
0

Athira Sethu Kochi, 18 June 2025 Rare earth metals are crucial to the technology that we use daily. These metals...

Cognizant named one of America’s Greatest Workplaces and Greatest Workplaces in Tech

Cognizant named one of America’s Greatest Workplaces and Greatest Workplaces in Tech

by databiztimes.com
8 June 2025
0

DBT Bureau Pune, 8 June 2025 Cognizant announced it has been named one of America’s Greatest Workplaces 2025 and one...

Ransomware attacks targeting industrial operators surge 46% in one quarter, Honeywell report finds

Ransomware attacks targeting industrial operators surge 46% in one quarter, Honeywell report finds

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 5 June 2025 In a growing wave of sophisticated cyber threats against the industrial sector, ransomware attacks...

Aequs files for an IPO on a confidential basis

Aequs files for an IPO on a confidential basis

by databiztimes.com
3 June 2025
0

DBT Bureau Pune, 3 June 2025 Aequs Limited, a 'Make in India' for the world manufacturing platform providing fully vertically...

DBT Bureau

Data Biz Times © 2025. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2025. All Rights Reserved.