US Woes and Sluggish Fin, Health ARMS May Mute Cognizant Q4 Nos

Mumbai | Bengaluru: Cognizant is likely to report muted fourth quarter numbers with a conservative outlook for 2020, analysts said, as the New Jersey-headquartered IT services provider braces for a tougher business environment in the key United States market and persistent sluggishness in its main healthcare and financial services verticals.

“Financial services is clearly committed to increasing DIY (do-it-yourself) with the banks expanding their GICs and building out capacity in country. In healthcare payer, we see the market constrained by uncertainties around the direction of US health care and potential changes driven by the election cycle,” said Peter Bendor-Samuel, CEO of IT consulting firm Everest Group.

Read more in Economic Times

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