Cognizant (CTSH) Tops Q1 EPS by 1c; Updates FY16 Outlook

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Go back to Cognizant (CTSH) Tops Q1 EPS by 1c; Updates FY16 Outlook

Cognizant sees more deals from healthcare, financial clients

May 6, 2016 6:08 AM EDT

By Rishika S

(Reuters) - IT services provider Cognizant Technology Solutions Corp (NASDAQ: CTSH) said it expects a pipeline of new projects from its healthcare and financial services clients to fuel growth for the remainder of the year, after a weak first quarter.

The company's shares rose as much as 3.8 percent.

Like its Indian rivals, Tata Consultancy Services Ltd (NYSE: TCS) and Infosys Ltd (NYSE: INFY), Cognizant also gets the largest chunk... More