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Cognizant posts strong results as UK growth overtakes U.S.

8 May 2013 12:00 AM | Anonymous

Global IT giant Cognizant has posted strong results with first quarter growth of 18.1 percent year-on-year.

Cognizant's UK growth outperformed performance in the U.S., with a faster rate of growth compared to its overseas division.

Overall quarterly revenues reached more than $2 billion, with strong sales from mobile, cloud and analytic services driving overall growth.

Francisco D'Souza, Chief Executive Officer, said: “We are encouraged by the healthy demand for our broad range of services".

Cognizant's UK success is likely to compete successfully against U.S. growth as employee immigration limits imposed in the states. come into effect, impacting overseas IT businesses.

Cognizant beats quarterly profit predictions

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