BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Cognizant Technology Solutions Corp.’s reaffirmed 2020 revenue guidance at the high end of its previously guided range (a decline of 2%-0.5% in constant currency terms).
For 2020, it expects revenue decline of approximately 0.4% YoY in CC and 0.5% in reported terms to ~$16.7 billion.
This includes negative impact of ~110 basis points from exit from content services business and a positive contribution ~200 basis points from mergers and acquisitions .
Q4 CY2020 revenue guidance assumes negative impact from lower bill days versus Q3 and furloughs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR