Cognizant logs marginal dip in Q2 net, revenue rises 4.5%

Cognizant reported a 1.4% drop in net profit for the quarter ended June 30. Higher tax expenses and restructuring costs hurt the firm, even as revenue rose 4.5%. The company revised its full-year revenue forecast to $22.04-22.35 billion, as many macroeconomic risks forced them to lower their previous growth projections.