Nirmal Bang: Cognizant - Order Inflow Strong; BFSI Growth Still An Issue
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Nirmal Bang: Cognizant - Order Inflow Strong; BFSI Growth Still An Issue

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:

Nirmal Bang Cognizant Technology-Q3CY20 Result Update-29 October 2020.pdf

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