Cognizant posted revenue growth across all its geographical regions too. In North America, revenues increased 7.8%. Europe, as a whole, saw an improvement of 22.4% with an increase of 13.1% in the UK. In the Rest of World segment, the company posted revenue growth of 11.9%.
The company declared a quarterly cash dividend of $0.20 per share on Cognizant Class A common stock, payable on May 31 to shareholders of record on May 22, 2018.
For the second quarter, Cognizant expects revenues to be between $4 billion and $4.04 billion, and adjusted earnings to be at least $1.09 a share. For the full year of 2018, revenues are expected to be between $16.05 billion and $16.30 billion, and adjusted diluted earnings is touted to be at least $4.47 per share.
Last week, Cognizant acquired data analytics services company Hedera Consulting. The acquisition is expected to broaden Cognizant’s digital and consulting capabilities in Belgium and the Netherlands.