February 5, 2020 / 9:11 PM / 13 days ago

Cognizant quarterly profit slumps 39%

Feb 5 (Reuters) - Cognizant Technology Solutions Corp reported a 39% fall in fourth-quarter profit on Wednesday, as financial companies spent less on the company's information technology services.

The company reported net income of $395 million, or 72 cents per share, in the quarter ended Dec. 31, down from $648 million, or $1.12 per share, a year earlier.

Reporting by Amal S in Bengaluru; Editing by Shinjini Ganguli

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