CSC signs five-year application support agreement with Conseco
Covers maintenance, support for two insurance administration systems ...
Wipro Q3 revenue up 5% to INR69.66bn
Expects Q4 IT Services revenue to be in the range of $1.16bn to $1.18bn ...
CSC wins $27m intelligence agency task order to provide cyber security
To provide vulnerability analysis to identify potential computer and network threats ...
Infosys opens new development centre in Brazil
Expands its presence in Latin American market ...
Convergys Corporation (Convergys) is a leading pla ...
Hewlett-Packard Company (HP) is US-based company e ...
Cognizant Technology Solutions
Cognizant Technology Solutions (Cognizant) is a on ...
Infosys Technologies Limited
Infosys Technologies Limited offers business solut ...
Suppliers to this Sector
BCS - The Chartered Institute for IT
Established in 1957, the British Computer Society ...
i365, A Seagate Company, provides proven solutions ...
Teneo is an infrastructure optimization company, p ...
Riverbed Steelhead Appliances
The Riverbed product family includes Riverbed Stee ...
Castle Rock SNMPc
Castle Rock Computing was the first company to del ...
Castle Rock SNMPc Online
SNMPc Online is an add on module for SNMPc. It pro ...
EVault Data Protection
i365’s EVault Data Protection solutions are powere ...
Suppliers Free White Papers
10 reasons to deploy WAN optimization in an economic downturn
4ab4ca62-2a4b-4c84-8400-8f69157411a410 reasons to deploy WAN optimization in an economic downturn
It’s no secret that companies often look to cut IT ...
Extreme savings: cutting costs with wide-area data services
4ab4ca62-2a4b-4c84-8400-8f69157411a4Extreme savings: cutting costs with wide-area data services
Organizations of all sizes strive to be more produ ...
Small and medium-sized businesses have distinct ne ...
Smart Move: Spend Less While Improving Data Protection
20f858aa-3d5a-49cd-8ee3-1de188892a3bSmart Move: Spend Less While Improving Data Protection
Businesses today face a myriad of challenges in pr ...
Suppliers Product News
Teneo tackles poor application performance and realises server centralisation benefits for Otsuka
Otsuka Pharmaceutical Europe is part of Otsuka Pha ...
NPS saves £600k and achieves instant ROI with Teneo
Teneo, a leading infrastructure optimisation speci ...
Teneo enables 600% network performance increase at Henry Schein
Teneo, a leading application performance managemen ...
i365, A Seagate Company, Expands EVault Data Protection Portfolio
I365™, a Seagate® Company, today introduced an ext ...
Click here to find out more!
Cognizant Technology Solutions, a provider of information technology, consulting and business process outsourcing services, has reported revenue of $902.7m for the fourth quarter of 2009, an increase of 20% compared to $753m for the same period last year.
The company's operating margin was 18.5% while the operating income was $166.9m, compared to $142.7m for the same period last year. Depreciation and amortisation expenses increased to $24.3m from $21.25m for the same period last year.
For the quarter ended December 31, 2009, the company posted a net income of $144m, up 28% compared to $112.3m in the same period a year ago.
For the full year 2009, the company reported revenue $3.28bn, up 16% from $2.8bn in 2008. Operating income was $618.5m, compared to $516.7m in 2008. Net income was $535m, or $1.78 per diluted share, compared to $430.8mn, or $1.44 per diluted share, in 2008.
Francisco D'Souza, president and CEO of Cognizant, said: "Despite a very difficult economy, Cognizant delivered strong results with 16% annual revenue growth. The investments we made in our business leave us in an even stronger position than when we entered 2009."
"During the year, we grew our workforce by more than 16,700 people, improved our employee utilisation, strengthened our client partnerships, and brought new services and capabilities to market. We believe Cognizant is set to deliver robust performance in 2010 and will continue to set new standards for our industry."
The company anticipates first quarter 2010 revenues to be $935m and diluted EPS to be $0.48. For fiscal 2010, revenues are anticipated to be at least $3.93bn, up at least 20% compared to 2009.