Summary
TEANECK Cognizant Technology Solutions Corp., the Teaneck-based provider of computer services in India, rose the most in more than two months on the Nasdaq after rival Infosys Technologies Ltd. said U.S. clients may send more work overseas.
Sales growth for offshore services is rising as a slowing economy forces U.S. companies to cut costs, Bangalore, India- based Infosys said Tuesday. It forecast a full-year revenue increase of as much as 21 percent. That bodes well for the offshore-services industry in general, Ashwin Shirvaikar, an analyst at Citigroup Inc. in New York, said Tuesday in a note to clients. He expects Cognizant to reiterate its prediction that 2008 revenue will climb at least 38 percent to $2.95 billion.See the full content of this document
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Cognizant Rises On Offshore News
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