Cognizant Technology Solutions Corp, the US-based IT services provider, has revised its expected earnings for the third time this year. The increase in expected revenue was announced on a company conference call on Wednesday.

The call also reported on 2015 third-quarter results - Cognizant’s highest quarterly growth in the last three years. The 23.5 per cent growth in quarterly revenue was prompted by increased revenues in the company’s health and finance sectors in the US.

Cognizant’s healthcare division has experienced rapid growth this past year owing to its $2.7bn takeover of healthcare IT services provider TriZetto Corp and the enforcement of the US Affordable Care Act, known colloquially as ObamaCare. Revenue from this division rose 43 per cent, amounting to $939.2m.

The company’s financial division, however, continues to be its most profitable, rising 18.6 per cent from last quarter to reach $1.28bn.

Cognizant’s 2015 revenue was revised to $12.41bn from its previous forecast of $12.33bn. If predictions are correct, the company will have raised its revenue by 21 per cent, from $10.26bn last year.

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