/connect-gujarat-english/media/post_banners/751cc4dbadef53f93a18656d21d631635c8c9a6eae2f4d469af08d43bb3911a7.webp)
Cognizant Technology Solutions Corp. saw its revenue slip sequentially in the October-December period and forecast business to fall further in the January-March period, helping Infosys Ltd race past the Nasdaq-listed technology firm to become the second-largest homegrown IT services firm.
Cognizant, which sacked chief executive Brian Humphries and entrusted S Ravi Kumar as his successor last month, expects revenue in the first quarter to be between $4.71 billion and $4.76 billion.
Infosys, which posted $4.66 billion in revenue in the October-December period, expects to grow between 16% and 16.5% in constant currency terms in the year ended March 2023.