Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20

Cognizant Technology Solutions India’s (CTSI) net profit declined 11.4 per cent to Rs 5,455 crore in FY20 from Rs 6,160 crore in FY19, as per regulatory documents.

The company’s revenue, however, increased 2.3 per cent to Rs 31,050 crore in the fiscal ended March 31, 2020 from Rs 30,347 crore in FY2019, according to Registrar of Companies filing shared by market intelligence firm Tofler.

Emails sent to the company did not elicit any response.

Cognizant has a significant presence in India with about 2 lakh employees.

The company’s expenditure was almost flat at Rs 21,763 crore in FY20 as compared to last year.