Chennai: IT Major Cognizant enjoyed a quarter of the first to report the results of the quarter October-December 2021 on Thursday.
The company defeated road estimates on profitability, reported a net profit of $ 576 million for the quarter, up almost 80% from the same period last year.
Quarterly income comes at $ 4.8 billion, up 14.5% in constant currency requirements (CC) – the highest quarterly income.
Full year revenue 2021 is also the highest at $ 18.5 billion, up 10%, said conscious.
The company expects a full year 2022 income to around $ 20-5 billion – 8.5% -11.5% of growth ranges in CC requirements.
Friction at the company was moderated in the quarter with voluntary friction of 31% on an annual basis compared to 33% in the previous quarter.
Digital income grew 20% YoY in the quarter and produced 45% of the total mixed income in that period.
HeadCount Cognizant on December 31 stood at 330,600 employees, up 14% year-to-year.
More than 90% of conscious employees exist in India.
“I am proud of the progress based on the past for the past year.
We managed to execute our strategies with significantly improving our digital portfolio, strengthening our international presence and helping our clients succeed,” said Cewornia Brian Humphries.
“We include 2022 with momentum and belief that our talented employees position us to capture substantial market opportunities,” he added.
“I am happy to say that in the past few years we have made significant progress in correcting our shipping pyramids by significantly increasing the number of college graduates in India.
In 2021, we added a record of 33,000 employees of college graduates in India, up from 17,000 In 2020.
In 2022, we planned to add around 50,000 in India, “Humphries said in a profit call.
Financial Services Revenue saw recovery grew by 18.8% in CC requirements, including 900 basis points due to the positive impact of out of the large customer of Samlink engagement.
Health income grows 8.2%, led by life science.
Product income and resources grow 18%, which includes the benefits of the acquisition that has just been filled.
Income from communication, media and technology segments grew 13% in a constant currency.