The Ceo Ravi Kumar highlighted the robust demand for IT services with AI as a growth engine. | Photo credit: Jeff Weiner
Cognizant Technology Solutions, a United States -based technology company with a large presence in India, reported a 21 percent increase in net gain to $ 663 million for the first quarter that ended on March 31, 2025, compared to $ 546 million. Income of $ 5.1 billion increased by 7.5 percent year after year.
The improved performance was due to the growth between key verticals, such as health sciences, financial services and products and services. However, vertical communications, media and technology saw a decrease.
In the first quarter, the company realized a gain of $ 62 million in the sale of an offices complex in India, says the company’s financial statement.
“We start the year with a solid note, delivering income and an operational margin adjusted before our expectations, reflecting our firm approach in the execution of our strategy in recent years,” S Rela, Cogisant, in A.
The company expects a greater demand for information technology services with artificial intelligence. “We believe that our differentiated abilities of AI and platform are helping customers navigate the short -term uncertainty while embarking on the LAD Longer LED transformation,” Kumar said in the statement.
Reservations
In a basic basic twelve months, reserves increased 3 percent year after year to $ 26.7 billion, which represented an invoice book or approximately 1.3x. Reservations in the first quarter decreased 7 percent year after year. The reserves of the first quarter included four major offers, which are agreements with a total value of the contract of $ 100 million or more, according to the statement.
Employee metrics
In a twelve -month raffle, the voluntary wear technology services of twelve months were 15.8 percent in the first quarter of 2025, compared to 15.9 percent and 13.1 percent in the fourth and first rooms of 2024, respectively. The total staff as of March 31, 2025 was 336,300, for 500 employees of the previous quarter, according to the statement.
Guide
The company said that the income of the second quarter is expected to be $ 5.14 – $ 5.21 billion and the complete income of 2025 is expected to be $ 20.5 – $ 21.0 billion, according to the statement.
Posted on May 1, 2025