IT benefits firm Cognizant posted 16.6 percent ascend in merged net benefit at $284.2 million for January-March 2013 quarter and kept up its viewpoint of 17 percent income development this date-book year.
The organization’s net benefit remained at $243.7 million in the primary quarter of 2012, Cognizant said in an announcement.
The US-based organization’s incomes expanded 18.1 percent to $2.02 billion in the detailed quarter from $1.71 billion in the year-prior period, in accordance with its direction of “in any event $2 billion”.
“Our execution amid the principal quarter was solid, and we are energized by the sound interest for our wide scope of administrations,” said Francisco D’Souza , Chief Executive Officer.
Insightful keeps on gaining strong ground creating rising contributions in new markets, new SMAC advancements, and new non-direct arrangements and administrations, he included.
For the second quarter (April-June) of 2013, Cognizant anticipates that its incomes should be “at any rate $2.13 billion”.
For entire year, Cognizant has kept up its standpoint for incomes to develop at 17 percent to “in any event $8.6 billion” against 20 percent development accomplished in 2012.
Perceptive’s profit and viewpoint come when Indian IT firms have painted a blended picture for the business.
In the wake of logging more than 22 percent benefit development in March quarter, TCS communicated the certainty of beating Nasscom gauge of 12-14 percent industry development in 2013-14. HCL Tech had posted superior to expected execution with 72.6 percent bounce in quarterly benefit in March quarter.
In any case, Infosys frustrated with around 3 percent benefit development and said FY’14 entire year income development will be in 6-10 percent go, lower than the Nasscom indsutry gauge. Wipro likewise has turned out with a quieted June quarter income viewpoint.
Insightful pursues January-December financial. In spite of the fact that it isn’t recorded in India, around 75 percent of its over 1.6 lakh representatives are situated in India. The organization included around 6,000 workers in the quarter, taking headcount to over 1.6 lakh.
Mindful likewise declared that its Board of Directors affirmed a development of its stock repurchase program.