IT services giant Cognizant registered 11.48% growth in net profit to $ 227.1 million for the third quarter ended September 30, 2011 against net profit of $ 203.7 million in the same quarter last year.
The company's revenues increased 31.6% to $ 1.60 billion during Q3 than last year’s $ 1.21 billion.
Delighted Cognizant President and CEO Francisco D'Souza said, “In spite of persistent macro-economic uncertainties, clients throughout the world continue to invest thoughtfully and strategically in their businesses and are directing investments toward building agility to drive the dual mandates of operational efficiency and business transformation," “Cognizant's continued investments across multiple service horizons help address these dual mandates and drive superior business value regardless of the economic environment” he adds.
Cognizant is now looking forward to earn revenue of $ 1.66 billion in the fourth quarter.
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