The US-headquartered Cognizant Technology Solutions has registered 8.9 per cent year-on-year growth in revenue at $3.67 billion for the quarter ended June 30.

The company had registered a revenue of $3.37 billion for the comparable quarter last year.

Cognizant’s profits stood at $470 million, up 86.5 per cent for the time period from April-June 2017, as opposed to $252 million for the quarter ended June 30, 2016.

Financial services and the healthcare segment were major revenue generators accounting for about 38.3 per cent and 28.6 per cent, respectively, for the said quarter. The share of income from segments Products and Resources, and Communication, Media and Technology is increasing year-on-year, with a growth of about 13.2 per cent and 16.8 per cent, respectively.

Francisco D’Souza, Chief Executive Officer, said in a press statement: “Cognizant delivered strong second-quarter results, which reflect our continued progress in helping clients achieve the value of digitising their entire enterprises, or what we call being digital at scale.

“We remain dedicated to accelerating our shift to digital services and solutions as we continue to invest in our core business and execute our margin improvement and capital return programmes.”

Karen McLoughlin, Chief Financial Officer, said: “Our second-quarter results and improved full-year outlook demonstrate the solid execution in our plan to drive sustainable revenue growth while increasing margins.

“Our strong balance sheet and cash flows continue to support both our capital return programme and our investments in the business to drive future growth.”

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