Cognizant profit dips 2.1% on year, revenue up 6.8%

US-headquartered Cognizant Technology Solutions reported a 2.1% dip in net profit for the fourth quarter ending December at $546 million from a year ago profit of $558 million impacted due to the costs from its NextGen programme towards its operations.

Revenue was within the guided range increasing by 6.8% to $5.08 billion for the October to December quarter helped by its two acquisitions last year. The revenue grew $4.76 billion in the same quarter a year ago. In Q3, the company had guided revenue to between 5.1% and 7.1% and $5.0-5.1 billion for…