BENGALURU: Nasdaq-listed Cognizant Technology Solutions Corp on Thursday said it was withdrawing its 2020 guidance, provided on 5 February, as they no longer have clear business visibility due to the impact of covid-19. "Entering the second quarter, Cognizant expects the pandemic to further reduce client demand as its societal and economic impact causes broader disruptions across industries.
The long-term fundamentals of our business remain strong," Cognizant said in a statement. The Teaneck, New Jersey-based company, which has more than 2 lakh employees in India, expects its first quarter revenue to be in the range of $4.22-$4.23 billion, up 3.4-3.6% year-on-year in constant currency, including a negative 50 basis point impact because of