ObamaCare, Weak IT Spending Pinch Cognizant Sales

By | May 7, 2014

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Cognizant Technology Solutions endured a weak IT spending environment, health care industry changes and other issues to post first-quarter sales that just met views and per-share profit 7 cents better than expected. The global information technology consulting and outsourcing firm’s outlook mirrored its Q1 with revenue slightly below views and a per-share profit 4 cents ahead of views. But investors weren’t satisfied. Cognizant Technology Scalper1 News

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