IT major Cognizant reported a higher quarterly profit on increased demand for its outsourcing services. The information technology services provider's net income rose to $251.9 million ( approximately to Rs 14 billion), or 82 cents per share, for the second quarter from $208 million (approximately to Rs 12 billion), or 67 cents per share, a year earlier. [caption id=attachment_407357 align=alignleft width=380