This IT company hired a record 33,000 freshers in India in a year
Premium- Cognizant's revenue stood at USD 16.7 billion in 2020, according to a company statement
IT company Cognizant on Thursday posted over 10 per cent growth in its full-year 2021 revenue at USD 18.5 billion, as it returned to double-digit annual revenue growth for the first time since 2015.
The Nasdaq-listed company added a record 33,000 new college graduate hires in India in 2021.
The company's revenue stood at USD 16.7 billion in 2020, according to a company statement.
Cognizant has given a full-year 2022 revenue growth outlook of 8.5 per cent to 11.5 per cent in constant currency terms. The first quarter revenue outlook for 2022 is projected at 10.2-11.2 per cent in constant currency.
According to the company statement, revenue for Q4 2021 rose to USD 4.8 billion from USD 4.2 billion in the year-ago period.
Cognizant Chief Executive Officer, Brian Humphries said "we enter 2022 with momentum and confidence that our talented employees position us to capture the substantial market opportunity".
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The 2021 annual revenue of USD 18.5 billion marked the company's return to double-digit annual revenue growth for the first time since 2015.
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