Cognizant Q3 profit increases

HYDERABAD: IT major Cognizant Technology Solutions Corp. (CTSH) on Wednesday posted a 15.6 per cent rise in net profit at $629 million in the third quarter of calendar year 2022 compared to $544 million in the yearago period. The company’s revenue increased by 5.6 per cent to $4.86 billion in the period, as against year-ago revenues of $4.74 billion, which fell short of analysts’ expectations.