IT firm Cognizant sluggish growth in revenue in the first quarter is expected to be released. Weak conjecture on the IT sector is seeing huge pressure.Anais's IT index has a 52-week low. TCS, Wipro and Infosys is seeing a decline of four percent.
IT index at 52-week lows
Tuesday's trading session, the NSE IT index has continued to decline.IT index today touched a 52-week low of 10 thousand 635. IT Index fell 3.20 per cent currently is trading at the level of 10 647.
9 out of 10 stocks in the index's sharp fall
NSE IT index comprised of stocks of 10 companies are seeing a huge drop in 9.Just Dial has come down to 7 per cent of their issue price. Tech Mahindra 4.65 per cent, 3.5 per cent of Infosys, HCL Tech and TCS is seeing a decline of 3.5 percent.
Cognizant sluggish growth in the first quarter raised concerns
Held a conference call with investors and analysts at the company's CEO Francisco D'Souza said that the beginning of the year can be dull.Earlier this year, Helthekyr may remain sluggish. Strong pipeline of the company's performance in the second half will be better.
Cognizant of how the results are
Cognizant in 2015-October quarter profit rose 6.6 percent to $ 42.34 million has been.Revenue rose to 1.6 per cent to $ 3,230 million. Cognizant in the July-September quarter of 2015, while revenue was 3180 million.Qoq in the October-December quarter non-GAAP operating margin of Cognizant 19.6 per cent from 19.4 percent.Cognizant's net profit year-on-year to 12.5 per cent in 2015 to $ 1620 million, is. Year-on-year revenue grew 21 per cent in 2015, Cognizant is 12420 million.Year-on-year non-GAAP EPS of Cognizant in 2015 increased from $ 2.6 to $ 3.67.
3180-3240 million in the first quarter of 2016 earnings estimates
Cognizant's revenues in the first quarter of 2016 is estimated at $ 3180-3240 million.13,650 to 14,200 million in 2016, while company earnings may remain. Non-GAAP EPS in the first quarter of 2016 is estimated to be 0.78 to 0.8 dollars.
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