Cognizant raises revenue forecast for third time this year

(Reuters) – IT services provider Cognizant Technology Solutions Corp raised its full-year revenue forecast for the third time this year after posting its biggest jump in quarterly revenue in three years. Revenue from the company’s healthcare division rose about 43 percent to $939.2 million, accounting for about 30 percent of total revenue. Revenue from the company’s financial services business, its biggest, rose 18.6 percent to $1.28 billion.

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Cognizant raises revenue forecast for third time this year