The Teaneck, New Jersey-based company expects current-quarter revenue between $4.69 billion and $4.82 billion, compared with market estimates of $4.86 billion, according to LSEG data.
Indian IT services giants Infosys (INFY.NS) cut the upper end of its annual revenue forecast earlier in Oct, raising concerns about near-term demand, while Tata Consultancy Services (TCS.NS) reported weaker-than-expected quarterly revenue.
The company expects annual adjusted profit per share in the range of $4.39 to $4.42, from its prior estimate of between $4.25 and $4.48.
Revenue for the third quarter stood at $4.90 billion, slightly below estimates of $4.91 billion.
The company reported a profit of $1.04 per share, compared with $1.22 per share a year earlier.
Persons:
Dado Ruvic, Cognizant, Jan Siegmund, Jaspreet Singh, Anil D'Silva
Organizations:
REUTERS, Technology Solutions, Wall, Infosys, Tata Consultancy Services, Accenture, Thomson
Locations:
Teaneck , New Jersey, Bengaluru