- Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.
Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year. It expects second-quarter revenue between $4.75 billion and $4.82 billion, the mid-point of which is below estimate of $4.82 billion.
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