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The company also forecast full-year 2015 revenue
growth of at least 19 percent, higher than the 16.1 percent
achieved in 2014, which was the weakest in the company's 20-year
history.
Cognizant's Indian rivals, Tata Consultancy Services and Wipro
Ltd have also forecast accelerating growth this year as
businesses, especially in North America, start to reinvest in
technology to boost efficiency.
Teaneck, New Jersey-based Cognizant, which gets a little over 75
percent of its revenue from North America but has most of its
employees in India, forecast full-year revenue of at least
$12.21 billion.
The company's revenue rose to $2.74 billion in the quarter ended
Dec. 31 from $2.36 billion a year earlier.
Revenue increased 17.4 percent in North America and 10.7 percent
in Europe.
Net income rose 11.9 percent to $362.9 million, or 59 cents per
share. Excluding items, the company earned 67 cents per share.
Analysts on average had expected a profit of 65 cents per share
and revenue of $2.66 billion, according to Thomson Reuters
I/B/E/S.
The company's healthcare clients include insurers, hospitals and
some state-run exchanges set up under the U.S. Affordable Care
Act, also known as Obamacare.
Through Tuesday's close of $55.10, the stock had risen 10
percent since Aug. 6 when the company warned of slowing revenue
growth.
(Reporting by Abhirup Roy in Bengaluru; Editing by Savio
D'Souza)
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