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Cognizant has reported its fourth-quarter earnings, surpassing analysts' expectations and projecting a revenue growth of 3.5% to 6% for 2025, driven by improved discretionary spending. The company noted a growth rate of 1.9% for the year 2024. Despite a recent decline in its workforce during the December quarter, Cognizant anticipates a return to hiring in each quarter of 2025. The positive earnings report has influenced the Indian IT sector, with stocks such as Wipro, Mphasis, and Tech Mahindra seeing gains as investor sentiment improves. However, some analysts have indicated that Cognizant's guidance may fall short of market expectations, leading to increased scrutiny of the broader IT sector in India.
#Cognizant reported a decline in its workforce during the December quarter, though the US-based IT giant anticipates a return to hiring in every quarter of 2025. @VMukherjee7 https://t.co/A3TxtLFEbN
.@TCS rolls out quarterly variable #pay, senior employees get lower outlay 📌The workers in high-performing business units received 100% of their variable pay, while those in #underperforming segments received lower payouts. Read more here⬇️ https://t.co/EJ7Vo2loMN
Shares of Information Technology (IT) companies gained attention in Thursday's (February 6) session following a strong Q4 performance from Nasdaq-listed Cognizant #sharemarketindia #StockMarket #BusinessNews https://t.co/XQPcg1BOqm