By Maria Armental
Cognizant Technology Solutions Corp. expects revenue this quarter to come in ahead of Wall Street targets and raised the low end of the revenue projection for the year, following stronger-than-expected performance in the most recent quarter.
The professional-services firm now expects $17.8 billion to $18.1 billion in revenue, up from its earlier view of $17.6 billion to $18.1 billion, and affirmed projections for adjusted profit of $3.90 to $4.02 a share.
This quarter, it sees $4.42 billion to $4.46 billion in revenue, compared with analysts' projected $4.38 billion, according to FactSet.
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(END) Dow Jones Newswires
May 05, 2021 16:32 ET (20:32 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.