Reported 1 day ago
Cognizant Technology has raised its adjusted profit forecast for the full year 2025, citing a surge in spending from clients eager to enhance their digital infrastructure with AI. The New Jersey-based IT consulting firm saw its shares rise by approximately 10% following this announcement. Cognizant's focus on AI innovation and strategic acquisitions is positioning it for growth amidst a competitive landscape, although it faces challenges from potential changes in visa regulations affecting its workforce.
Source: YAHOO