Cognizant revenue up 9% to $3.37 bn in Q2

Technology outsourcing company Cognizant today said its revenue reached $3.37 billion (+9.2 percent) in the second quarter of 2016.

Cognizant added 11,300 new staff during the second quarter of 2016.

Net income of Cognizant was $252.4 million compared to $420.1 million in the second quarter of 2015.

Francisco D’Souza, CEO of Cognizant, said: “While our revised guidance reflects the impact of near-term macroeconomic headwinds, our longer term outlook and underlying business fundamentals remain strong.”

Cognizant is expecting third quarter revenue of $3.43 billion to $3.47 billion.