Cognizant cuts FY24 revenue forecast – Times of India

by The Technical Blogs

BENGALURU: Cognizant has joined Infosys and HCLin reducing its revenue forecast for the ongoing fiscal year. The Nasdaq-listed firm expects its 2023 revenue to grow in the range of $19.3 billion to $19.4 billion, a decline of 0.7% to flat, compared to the prior range of $19.2 billion to $19.6 billion, or -1% to 1% in constant currency. The guidance includes a contribution of 110 basis points from acquisitions.
For the December quarter, Cognizant expects its revenue in the range of $4.6 billion to $4.8 billion.

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