(Reuters) – IT services provider Cognizant Technology Solutions Corp reported an 86.5 percent jump in quarterly profit, benefiting from lower income tax compared with the year-ago period.
The company’s net income rose to $470 million, or 80 cents per share, from $252 million, or 41 cents per share, a year earlier.
Revenue rose nearly 9 percent to $3.67 billion.
The company said it took an income tax expense of $190 million in the year-ago period.
Reporting by Rishika Sadam in Bengaluru; Editing by Arun Koyyur