Cognizant Technology Solutions IMAGE.
IT major Cognizant Technology Solutions has managed to overtake Infosys as the second largest Indian IT software services in revenue terms, after TCS, as it reported higher profit in the second quarter on increased demand for its outsourcing services.
The information technology services provider also raised its full-year adjusted profit forecast. The company now expects full-year adjusted earnings of at least $3.64 per share, up from its previous forecast of $3.62 per share. It reaffirmed its revenue forecast for 2012 of at least $7.34 billion, up 20 percent against last year.
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