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Cognizant Forecast Misses Estimates as Clients Cut IT Spending

2016-02-08 17:24:03| IT Services - Topix.net

IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit below analysts' estimates, as clients worldwide cut back on routine IT services spending. Shares of the company, which also reported its first revenue miss in six quarters, fell 4 percent in premarket trading on Monday.

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