Cognizant December Quarter

Cognizant recorded a revenue of $4.2 billion, down 3 per cent year-over-year for the fourth quarter ended December 2020

IT major Cognizant on Tuesday reaffirmed its revenue guidance of at least $12.41 billion for 2015 despite the impact of flooding and heavy rains on its operations in Chennai, which houses over 60,000 of its employees.

Tata Consultancy Services shares fell as much as 2.3 per cent on Monday after the outsourcer said revenues in the December quarter could be lower on account of the recent Chennai floods. Chennai is one of TCS' largest delivery locations comprising over 65,000 employees or nearly 20 per cent of total headcount.

Cognizant recorded a revenue of $4.2 billion, down 3 per cent year-over-year for the fourth quarter ended December 2020

IT major Cognizant on Tuesday reaffirmed its revenue guidance of at least $12.41 billion for 2015 despite the impact of flooding and heavy rains on its operations in Chennai, which houses over 60,000 of its employees.

Tata Consultancy Services shares fell as much as 2.3 per cent on Monday after the outsourcer said revenues in the December quarter could be lower on account of the recent Chennai floods. Chennai is one of TCS' largest delivery locations comprising over 65,000 employees or nearly 20 per cent of total headcount.