Cognizant revises revenue guidance for CY22 as digital deals drive growth

Nasdaq-listed IT major Cognizant reported a better set of numbers for the first quarter of CY2021, as the company saw recovery in its healthcare vertical and digital services grew faster than the company’s overall growth. Cognizant also revised its full-year revenue guidance upwards to 7-9 per cent growth (5.5-7.5 per cent in constant currency). At the end of its fiscal year in December 2020, the company had guided for a revenue growth of 5.5 to 8.5 per cent (4-7 per cent in constant currency).

When compared to Indian players Cognizant’s guidance does not seem to match up. Infosys has guided for revenue growth of 12-14 per cent for FY22.