Infosys: Cognizant cuts FY24 income forecast

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Infosys: Cognizant cuts FY24 income forecast



BENGALURU: Cognizant has joined Infosys and HCLin lowering its income forecast for the continuing fiscal yr. The Nasdaq-listed agency expects its 2023 income to develop within the vary of $19.3 billion to $19.4 billion, a decline of 0.7% to flat, in comparison with the prior vary of $19.2 billion to $19.6 billion, or -1% to 1% in fixed foreign money. The steering features a contribution of 110 foundation factors from acquisitions.
For the December quarter, Cognizant expects its income within the vary of $4.6 billion to $4.8 billion.