Cognizant has reported its Q4 and full-year results for 2014, showing a 16.1% rise in annual revenue.
Quarterly revenue rose to $2.74 billion, up 16.4 percent year-on-year and 6.2% sequentially. Full year revenues rose to $10.26 billion.
Net income for Q4 2014 was $362.9 million, compared to $324.3 million in the fourth quarter of 2013. Meanwhile, net income for the full year rose to $1.44 billion, from $1.23 billion for 2013.
The growth was attributed to increased business from healthcare and financial services clients in North America.
"Despite unfavorable European currency movements during the fourth quarter, we finished 2014 with strong revenue performance and believe we are well positioned to continue that momentum into 2015 on the strength of our integrated consulting, technology, digital and business services capabilities," said Francisco D’Souza, Chief Executive Officer of Cognizant.
"Business leaders globally are facing dramatically compressed innovation cycles and are challenged with the dual mandate of simultaneously achieving efficiency and innovation. They are turning to us as a partner that can help them re-imagine their businesses for the digital era."
