Cognizant profit dips 2.1% on year, revenue up 6.8%

Nasdaq-listed IT company Cognizant raised its annual guidance projected in the range $20.3-20.8 billion, rising 3.5% to 6.0% YoY in constant currency (cc) terms. Guidance for Q1 in the $5.0-5.1 billion range. This translates into a growth up by 6.5% to 8.0% YoY in cc terms.