Cognizant revenue up 16.4% to $2.74 bn in Q4

IT services company Cognizant Technology Solutions today said its revenue in the fourth quarter of 2014 rose 16.4 percent to $2.74 billion.

Excluding the fourth quarter revenue from the acquisition of TriZetto, quarterly revenue rose 13 percent.

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Cognizant said the net headcount addition was approximately 11,800, including TriZetto, and year-end headcount was approximately 211,500.

“Business leaders are facing dramatically compressed innovation cycles and are challenged with the dual mandate of simultaneously achieving efficiency and innovation. They are turning to us as a partner that can help them re-imagine their businesses for the digital era,” said Francisco D’Souza, chief executive officer of Cognizant.


Cognizant revenue in 2014

Cognizant said its 2014 revenue increased 16.1 percent to $10.26 billion. Excluding 80.6 million revenue from the acquisition of TriZetto, revenue rose 15.1 percent.

Net income for 2014 was $1.44 billion compared to $1.23 billion.

Cognizant said its first quarter 2015 revenue is expected to be at least $2.88 billion, while 2015 revenue will be at least $12.21 billion, up at least 19 percent compared to 2014.

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