Feb 4 (Reuters) – Cognizant Technology forecast annual revenue above Wall Street estimates on Wednesday, betting on strong demand for its IT services as businesses adopt artificial intelligence into their workflows. The company has benefited from enterprise clients prioritizing AI-related digital projects, with sustained demand for its AI and cloud services boosting productivity, cutting costs and supporting growth as generative AI gains traction. Cognizant expects full-year 2026 revenue between $22.14 billion and $22.66 billion, compared with analysts' average estimate of $22.06 billion, according to data compiled by LSEG. It also forecast annual adjusted profit between $5.56 to $5.70 per share, the mid-point of which is largely in line with estimates of $5.62. (Reporting by Anhata Rooprai in Bengaluru; Editing by Shailesh Kuber)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Mumbai (Maharashtra) [India], June 20: Raveum, a cross-border real estate investment platform, has opened doors…
Hyderabad (Telangana) [India], June 19: Vasavi Group, one of Hyderabad’s leading real estate developers, has…
New Delhi [India], June 20: The rules of job hunting are being rewritten. A polished…
Bengaluru (Karnataka) [India], June 19: House of Electrons, a new destination for technology enthusiasts, gamers…
New Delhi [India], June 20: In today’s rapidly evolving business landscape, innovation, customer-centricity, and technology-driven…
Chennai (Tamil Nadu) [India], June 19: Acclaimed actor, filmmaker, and dance icon Prabhu Deva—who has spent four…