IT stocks on Tuesday gained up to 3 per cent a day after Cognizant Technology posted 21 per cent jump in net profit for the quarter ended June 30, 2012 and gave a bullish annual revenue outlook.

Sha

Cognizant Technology Solutions Corp reported a higher quarterly profit on increased demand for its outsourcing services.

The information technology services provider's net income rose to $251.9 milli

Indian IT companies including market leaders TCS and Infosys may have to bear huge costs towards employee visa fees going ahead, which in turn can put pressure on their profit margins.

Information technology services provider Cognizant Technology Solutions Corp lowered its forecast for the full year on low demand, echoing the bleak outlook given by most of its rivals.

Cognizant sha

Top Indian and American IT companies has sought the intervention of US President Barack Obama on 'unprecedented delays and uncertainty' around L1 work visas, which they argued is badly effecting their

IT major Cognizant on Monday said it has bagged a five-year, multi-million dollar, engagement with Future Group to provide end-to-end IT infrastructure services for all group companies.

The deal siz

Cognizant Technology Solutions Corp forecast first-quarter sales below estimates, and said it does not expect Europe to rebound in 2012, but sees flat to marginally higher IT budgets in the United Sta

Nasdaq-listed IT firm Cognizant on Wednesday announced the deployment of a comprehensive merchandise planning platform for the REDTAG Group, a Dubai-based chain of value fashion and home stores.

The

US-based IT services giant Cognizant on Wednesday posted 11.48 per cent growth in net profit to USD 227.1 million for the third quarter ended September 30, 2011

It had recorded net profit of USD 203.

Third largest software exporter Cognizant Technology Solutions has beaten rival Wipro for the second consecutive quarter by posting 31.6 per cent growth in revenue at USD 1.60 billion for the July-Sep