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Cognizant Q4 revenue up

By Our Corporate Reporter

CHENNAI FEB. 13 . Cognizant Technology Solutions Corporation, a leading provider of custom software development, integration and application outsourcing services has increased its fourth quarter revenue by 54 per cent to $67 million from $43.5 million in the same period in the previous year. On a GAAP basis, net income for the fourth quarter increased to $9.1 million or $0.42 per diluted share. Gross margin was 46 per cent against 49.4 per cent in the year ago quarter.

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