Cognizant raises lower-end of 2018 guidance; digital now 29% of revenue

INSUBCONTINENT EXCLUSIVE:
Authors: Super UserCognizant raised the lower-end of its full-year revenue guidance and said it had generated double-digit growth in the
first quarter, as it focuses on digital technologies to drive its business. The Teaneck, New Jersey-headquartered company expects 2018
revenue of $16.05 billion to $16.30 billion, implying growth of 8-10% in reported currency terms
In February, it had initially forecast 2018 revenue of $16 billion to $16.30 billion. For the first quarter, the IT company reported revenue
of $3.91 billion, up 10% from the previous year
261,400