“As part of our realignment program, management is currently evaluating various strategies, including additional employee separation programs," Cognizant said. The company's reliance on financial services sector has been weighing on its overall revenue growth in the past few quarters. The financial services unit accounts for more than one-third of its total revenues. Total revenue rose to $4.11 billion, but came in below the company and Wall Street expectations. Cognizant expects current-quarter revenue in the range of $4.16 billion and $4.20 billion in constant currency.

Source: Mint May 06, 2019 06:33 UTC