Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending

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Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending - Channel News Asia

Quick Summary:

Cognizant Technology Solutions forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.

Cognizant's shares fell 1.2 per cent in extended trading.

It projected 2025 adjusted earnings between $4.90 per share and $5.06 per share.