IT outsourcing giant Cognizant has announced its full year 2013 financial results with annual revenue of $8.84 billion.

The IT giant has said that it expects to generate $2.42 billion in revenue for the 2014 first quarter and expects to have full year revenues of at least $10.3 billion, up 16.5 per cent on 2013.

Francisco D'Souza, Chief Executive Officer of Cognizant, said: “Our strategy through these twenty years has been to challenge the status quo and constantly reinvent for the future, thus positioning us to help our clients build stronger businesses. We believe that we are well positioned to continue to do so in 2014 and beyond."

Gordon Coburn, President of Cognizant, said: “This strong growth was fueled by our clients' on-going drive to 'run better' for more efficient and productive operations and to 'run different' to create the capabilities and business models they need for future success. Our strong portfolio of services coupled with our focus on new technologies and platform-based delivery models will help clients drive meaningful change as businesses become increasingly technology intensive.”

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