Cognizant Q4 Sales Guidance Light, As Virtusa Flies
Promising to “capture a disproportionate share” of the IT market, Cognizant Technology Solutions (CTSH) CEO Francisco D’Souza early Wednesday delivered another quarter that outperformed Wall Street expectations. The Q4 guidance, however, missed expectations, and Cognizant’s stock wilted. That wasn’t the case with Cognizant’s smaller information technology services rival Virtusa (VRTU), whose stock rose after the company reported a quarterly