Cognizant third quarter income down 30 per cent to USD 348 million

NEW DELHI: IT major Cognizant has reported about 30 per cent drop in September quarter net income at USD 348 million (around Rs 2,578.3 crore).

The US-based company, which posted a net income of USD 497 million in September 2019 quarter, said it expects its FY2020 revenue to be “at the high end of the previously guided range of approximately USD 16.7 billion”.