US woes and sluggish fin, health arms may mute Cognizant Q4 nos

Mumbai | Bengaluru: Cognizant is likely to report muted fourth quarter numbers with a conservative outlook for 2020, analysts said, as the New Jersey-headquartered IT services provider braces for a tougher business environment in the key United States market and persistent sluggishness in its main healthcare and financial services verticals.

The company is expected to report fourth quarter results by early next month. The momentum for large deals has been slower than expected through 2019, analysts said, adding that it is unlikely to have improved in the seasonally weak fourth quarter.