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Cognizant quarterly profit slumps 39%

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(Reuters) - Cognizant Technology Solutions Corp reported a 39% fall in fourth-quarter profit on Wednesday, as financial companies spent less on the company's information technology services.The company reported net income of $395 million (303.8 million pounds), or 72 cents per share, in the quarter ended Dec. 31, down from $648 million, or $1.12 per share, a year earlier.
Date Published: Feb 05, 2020
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