Leading software outsourcing firm Cognizant Technology on Tuesday reported a 15.4 per cent rise in net profit at $319.6 million in the September quarter driven by a strong ramp up in demand for outsourcing services, up from $276.9 million a year ago.
Its revenue rose 6.7 per cent to $2.31 billion on a sequential basis and 21.9 per cent ($1.89 billion) on a y-o-y basis.
‘Our performance during the quarter was stronger than anticipated due to a faster ramp up in demand for outsourcing services and strong discretionary spend on consulting and technology services,’ Cognizant president Gordon Coburn said in a statement.
Continuous reinvestment in business continues to help Cognizant strengthen its capabilities to address clients’ dual mandate of driving greater performance, he added.
Its revenue rose 6.7 per cent to $2.31 billion on a sequential basis and 21.9 per cent ($1.89 billion) on a y-o-y basis.
‘Our performance during the quarter was stronger than anticipated due to a faster ramp up in demand for outsourcing services and strong discretionary spend on consulting and technology services,’ Cognizant president Gordon Coburn said in a statement.
Continuous reinvestment in business continues to help Cognizant strengthen its capabilities to address clients’ dual mandate of driving greater performance, he added.