TECH SUPPLIER Apr 2020 - Market Note - Doc # EUR146244820

Cognizant's 4Q19 and FY19 Results and April 2020 COVID-19 Business Update

By: Matthew WilkinsSenior Research Manager, European Services

Abstract

This IDC Market Note covers Cognizant's 4Q19 and FY19 financial results as reported by the company on February 5, 2020. The company grew worldwide FY19 revenues by 5.2% and European revenues by 10.5% over FY18. The company also provided an update on its 2020 Fit for Growth Plan, which will see it exit from certain work within its digital operations practice and reduce associates by mid-2020. This document also covers the COVID-19 business update provided by the company on April 9, 2020.


Coverage

Subscriptions Covered

European Services Overview


Companies Covered

Cognizant Technology Solutions Corporation


Regions Covered

Worldwide


Topics Covered

COVID-19, Global IT and economic markets


Content


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